Ripple is collaborating with Ctrl Alt, becoming its first major custody partner in the UAE. This initiative will employ Ripple’s custody technology to hold tokenized property deeds securely on the XRP Ledger, contributing to the Dubai Land Department’s efforts in real estate tokenization.
This partnership aims to improve the digital asset landscape in the UAE, facilitating secure custody and regulatory compliance for tokenized assets. The Dubai Land Department’s project signifies a pioneering move in public blockchain use for real estate in the Middle East.
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