DUBAI, UAE, May 25, 2025 — Ctrl Alt, a leading platform for tokenization infrastructure, has been chosen as the tokenization partner for the Dubai Land Department’s (DLD) innovative Real Estate Tokenization Project. The initiative, which launched today in collaboration with the Virtual Assets Regulatory Authority (VARA), the Dubai Future Foundation, and PRYPCO, represents a significant advancement for asset tokenization and the future of real estate investment in Dubai.

As the designated tokenization provider, Ctrl Alt offers extensive knowledge in financial engineering and digital asset infrastructure. Ctrl Alt and the DLD have collaborated closely to create a secure and compliant tokenization framework, with a focus on structuring, minting, and placing real estate title deed tokens on-chain. The project has chosen the XRP Ledger (XRPL), a decentralized layer 1 blockchain recognized for its long-standing reliability in tokenizing and exchanging digital and real-world assets. In addition, Ctrl Alt has directly integrated with the DLD to synchronize digital and traditional real estate ledgers, ensuring coordination between the on-chain system and the conventional property registration system. This enables a fully integrated and transparent tokenization process that adheres to local regulations and increases investor confidence.

The project, developed under the Real Estate Evolution Space Initiative (REES), marks the first instance in the Middle East of a government real estate registration authority implementing a public blockchain-based tokenization of property title deeds. With this step, the DLD is leading the way toward a more accessible, transparent, and efficient real estate market, enabling fractional ownership, expanding investor participation, and improving operational efficiency.

By utilizing native tokenization, real estate ownership has been fractionalized, allowing multiple investors to jointly own a single property. This is facilitated through the PRYPCO Mint real estate platform, which is now live and allows investors to participate with a minimum investment of AED 2,000. EID holders can participate at .

The initiative is expected to contribute to the growth of a AED 60 billion ($16 billion) tokenized real estate market by 2033, representing 7% of Dubai’s total property transactions.

Matt Ong, CEO and Founder of Ctrl Alt, stated, “We’ve been working closely with the DLD on this project for some time, and we’re excited to take this significant step together to make real estate investment more accessible. As experts in this field, we are proud to create the tokenization infrastructure that enables DLD’s partners to offer fractional real estate to investors. Dubai’s leadership in adopting next-generation financial technologies is truly world-class, and this project sends a strong signal of what’s to come. We’re thrilled to launch this pilot and continue building with DLD in the coming months.”

This strategic initiative is in line with the objectives of Dubai’s Real Estate Sector Strategy 2033 and the broader Dubai Economic Agenda (D33), both of which prioritize the adoption of digital solutions to enhance economic competitiveness, attract global investment, and modernize key sectors.

About Ctrl Alt

Ctrl Alt is a leading platform for tokenization infrastructure, combining blockchain technology with expert financial engineering to provide tailored, compliant solutions in the alternative assets sector. As of May 1, 2025, Ctrl Alt has tokenized over $295 million in assets, including real estate, private credit, funds, litigation finance, and more.

For more information, visit or contact .

Ctrl Alt Solutions DMCC is licensed by the Dubai Virtual Assets Regulatory Authority (reference: VL/25/05/002) as a Broker-Dealer and as an Issuer. Our principal office is located at Level No 12, Uptown Tower, Dubai.

 

Media contact:

Lawrence Chiu
 

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