XRP Ledger Fuels Dubai’s Real Estate Tokenization Launch: Government-Backed Initiative Revolutionizes Property Ownership

Dubai takes a giant leap forward in real estate innovation, launching the first government-backed real estate platform on a public blockchain. The project, powered by the XRP Ledger, is backed by key players including the Dubai Land Department, Prypco, and Ctrl Alt Solutions. This initiative signifies a significant milestone as it integrates blockchain with Dubai’s real estate sector, aiming to transform asset management. The use of XRP Ledger allows for fractional property ownership, enabling transactions starting from AED 2,000. The project is currently restricted to UAE ID cardholders but aims to expand global access in the future.