• Dubai has launched Phase Two of its Real Estate Tokenization Project on the XRP Ledger.
• Investors can trade their property shares more easily using the blockchain.
• The new phase is built on a previous pilot program.

Dubai Land Department has reportedly launched Phase Two of its Real Estate Tokenization Project, allowing investors to buy and sell tokenized property on the XRP Ledger.  The new phase, developed by Ctrl Alt and supported by Ripple, builds on the success of its earlier pilot program and introduces a controlled secondary market for property tokens.

With this upgrade, token holders can now trade their property shares more easily, improving liquidity and flexibility for investors. All ownership and management records are stored securely on the blockchain, ensuring transparency and regulatory compliance. By combining blockchain technology with official land registry systems, Dubai is aiming to make real estate investment more accessible, efficient, and modern.

Dubai Launches Secondary Trading for Tokenized Property on XRPL

Dubai has officially begun Phase Two of its Real Estate Tokenization Project. The project is led by the Dubai Land Department and supported by Ctrl Alt and Ripple.

According to the official announcement, investors can now buy and sell tokenised property on the XRP Ledger in a regulated and controlled environment. “We’re proud to work with the Dubai Land Department and VARA on Phase Two of the project, demonstrating what is possible when governments and institutional-grade innovation come together to build market-leading digital rails,” stated Ctrl Alt MENA CEO Robert Farquhar. He added,

It is worth noting that the project is built on a successful pilot program where 10 properties worth over $5 million were converted into about 7.8 million digital tokens. Now, investors can trade these tokens with full transparency and legal protection, as everything is linked to Dubai’s official land registry system.

Ripple Custody ensures the assets are securely managed, and all transactions continue to take place on the XRP Ledger. Ripple’s Reece Merrick shared an X post, commenting on this strategic development. He noted, “This is massive step for real-world asset adoption in Dubai.”

Secondary Market Opens for Tokenized Properties

Interestingly, Phase Two brings a major update. Token holders can now sell their property tokens on a secondary market. This makes it easier for investors to exit or trade their holdings.

The system is powered by Ctrl Alt using its Asset-Referenced Virtual Asset (ARVA) technology. Ownership and management details are recorded on the blockchain. This creates a clear and secure record of who owns each token.

It is also noteworthy that the new setup allows faster buying and selling of tokenised properties. It also ensures everything follows the rules set by the Dubai Land Department and Virtual Assets Regulatory Authority.

How XRPL Is Powering Dubai’s Real Estate Innovation?

Significantly, the XRP Ledger plays a key role in Dubai’s efforts of real estate tokenization. By acting as the underlying blockchain for tokenized property, XRP Ledger enables secure, transparent, and fast transactions.

All property tokens and ownership records are stored on the ledger, giving investors a reliable and tamper-proof record of who owns what. This on-chain approach removes the need for complicated paper trails and speeds up transactions.

Source: https://www.cryptonewsz.com/dubai-expands-property-tokenization-xrp-ledger/

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