Ripple Partners Ctrl Alt to Bring Custodial Services to the Middle East

Blockchain-based digital payment company Ripple is expanding its services into the Middle East through a new partnership with Ctrl Alt, a UAE-based tokenization platform. The goal is to support the Dubai Land Department’s (DLD) Real Estate Tokenization Project by providing safe and regulated digital custody for property title deeds on the XRP Ledger (XRPL).

This partnership will enable Dubai to issue and manage tokenized real estate. These are essentially digital representations of property documents on a blockchain. Ripple will utilize its technology to keep these records secure. Ctrl Alt, on the other hand, will handle the creation and settlement of digital assets.

With this move, Ripple becomes a key player in the region’s growing interest in blockchain. It also marks the first time a government real estate authority in the Middle East is using a public blockchain to tokenize real estate assets.

Ripple’s Expansion in the UAE

This isn’t Ripple’s first major step in the UAE. Earlier this year, Ripple became the first blockchain payment company licensed by the Dubai Financial Services Authority (DFSA) to operate in the Dubai International Financial Centre (DIFC).

Since then, Ripple has formed a partnership with Zand Bank, which is also working on the DLD project. It has also partnered with Mamo, a digital wallet company that will utilize the XRP Ledger for fast and affordable cross-border payments. Additionally, Ripple launched its stablecoin, RLUSD, which the DFSA recently approved for use within the DIFC. This means RLUSD can now be used legally and safely within Dubai’s regulated financial system.

About the partnership, Reece Merrick, Ripple’s Managing Director for the Middle East and Africa, said:

“We’re delighted that Ctrl Alt has chosen our institutional-grade digital asset custody technology to support the delivery of this project. This is the first time a government real estate registration authority in the Middle East has tokenized property title deeds on a public blockchain.”

Why This Matters

The tokenized real estate model allows people to invest in property starting from as little as $544 (AED 2,000), making it more accessible. The project is backed by a government department, demonstrating Dubai’s commitment to becoming a global blockchain hub.

With licensing, new partners, and product approvals, Ripple is establishing a strong foundation in the UAE and the broader Middle East.

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