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.
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