Ctrl Alt will oversee the tokenization framework, ensuring title deeds can be securely issued and tracked on-chain. This integration will link blockchain-based records with Dubai’s traditional property ledger, creating a unified data system that supports digital and physical real estate transactions.
The move would make real estate ownership more accessible through fractionalization, allowing individuals to invest in property with as little as AED 2,000 using the Prypco Mint platform.
Matt Ong, the CEO and Founder of Ctrl Alt, said:
“We are proud to create the tokenization infrastructure that enables DLD’s partners to offer fractional real estate to investors. Dubai’s leadership in embracing next-generation financial technologies is truly world-class and this project is a powerful signal of what’s to come.”
XRPL was selected for its fast transaction speeds, minimal fees, and compatibility with the country’s regulatory frameworks.
