In the newest XRP News, buying and selling of tokenized properties in Dubai is now stay on the XRPL. This comes as Ctrl Alt and Dubai Land Department introduced that they had commenced the second part of the challenge.
XRP News: Phase Two of Dubai Tokenization Project Now Underway
In a current press release, Ctrl Alt and Dubai Land Department have introduced that they’ve begun the second part of their challenge of bringing tokenization of actual property properties to the ledger.
This comes months after Ripple announced a new partnership with Ctrl Alt. They stated on the time that they might implement Ripple’s institutional-level custody answer for securely storing tokenized actual property possession titles. This was anticipated to be issued straight on the XRP Ledger for liquidity in the actual property sector of Dubai.
“Approximately 7.8 million tokens issued during the pilot will now be eligible for resale within a controlled secondary market environment, expanding access and liquidity across Dubai’s real estate market, the release said. All on-chain transactions in this phase will continue to be executed on the XRP Ledger (XRPL) and secured by Ripple Custody.”
The replace was additionally shared by Reece Merrick, the Managing Director of Ripple within the Middle East and Africa, in a current X submit. He additionally talked about that secondary market buying and selling is now stay on the XRPL.
Thrilled to see Phase Two launch for Dubai @Land_Department Real Estate Tokenization Project! Building on the pilot, managed secondary market buying and selling is now stay for tokenized properties on the XRP Ledger, secured by @Ripple Custody through our companion @CtrlAltCo
This is very large…
— Reece Merrick (@reece_merrick) February 20, 2026
This newest growth comes after the Ctrl Alt and Billiton plan to tokenize $280 million price of diamonds. As a part of the partnership, Billiton will provide the polished diamond stock that’s licensed by accepted companions. Additionally, Ctrl Alt will provide an end-to-end tokenization answer that can switch the bodily belongings to the XRP Ledger.
Dubai Pivots More Into Digital Assets
The Dubai Financial Services Authority (DFSA) has recently been updating rules for digital belongings. Within the final month, the DFSA has particularly outlined stablecoins as “fiat crypto tokens.” This might be relevant to the tokens which can be pegged to fiat currencies and are backed by high-quality and liquid belongings that may meet claims in instances of market stress.
With the rising adoption of tokenization on the XRP ledger, crypto leaders such as Changpeng Zhao have talked about Dubai as a serious market within the crypto area. More than 65% of UAE residents presently personal crypto, based on some surveys.
The monetary free zone in Abu Dhabi, UAE, ADGM, has additionally seen a 67% improve in new licenses in Q1 2025 in comparison with Q1 2024. More than 1,800 crypto corporations are actually working within the UAE, with greater than 8,600 staff.
