Dubai has taken one other step in the direction of digitalizing its actual property market. On February 20, Dubai Land Division (DLD) and tokenization firm Ctrl Alt introduced the second part of the town's actual property tokenization challenge. The brand new part will introduce managed secondary market buying and selling of tokenized actual property. $XRP ledger.
This replace follows a earlier pilot that tokenized 10 properties value over $5 million. Secondary buying and selling is at the moment happening in a regulated take a look at setting. Authorities purpose to enhance liquidity and increase investor entry. Ripple Custody continues to safe on-chain belongings by way of the challenge's infrastructure companions.
Part 2 permits secondary buying and selling
Part 2 represents vital upgrades from the preliminary pilot. In Part 1, the challenge primarily targeted on minting and issuing actual property title tokens. Buyers can now resell their eligible tokens inside a managed secondary market. Roughly 7.8 million beforehand issued tokens at the moment are tradable inside the regulatory framework.
Excited to see the launch of part 2 of the Dubai @Land_Department actual property tokenization challenge! Primarily based on the pilot, managed secondary market transactions at the moment are happening for tokenized actual property. $XRP Ledger, secured by @Ripple Custody through companion @CtrlAltCo
That is huge…
— Reece Merrick (@reece_merrick) February 20, 2026
Importantly, the buying and selling setting continues to be carefully monitored. Authorities designed this stage to check market effectivity whereas defending buyers. Transactions proceed to run on the XRPLedger. In the meantime, possession information stay synchronized with Dubai's official land registry. This method goals to mix the pace of blockchain with conventional authorized certainty.
How the infrastructure works
Ctrl Alt serves as a core tokenization infrastructure companion. The corporate initially minted title deed tokens, however now powers a secondary market engine. Its system is instantly built-in with the DLD database. This enables possession of actual property to be moved on-chain whereas remaining legally acknowledged off-chain. In Part 2, the platform will introduce the Asset Reference Digital Asset (ARVA) administration token. These work alongside the unique possession token.
Collectively they create a single, immutable possession document. As a result of Ctrl Alt holds a digital asset service supplier license and a broker-dealer license. The challenge operates inside Dubai's regulated digital asset framework. Firm executives emphasised that secondary buying and selling is important for real-world asset tokenization to mature. With out post-issuance liquidity, tokenized belongings usually stay of restricted utility.
Dubai advances real-world asset technique
The enlargement highlights Dubai's broader ambitions to steer in tokenized actual property. The emirate has steadily constructed regulatory readability by way of VARA and different digital asset initiatives. Officers hope to draw world capital to the actual property market by combining authorities oversight with blockchain rails. Tokenization has the potential to decrease the barrier to entry for buyers who can not buy actual property outright. Fractional possession fashions may enhance market participation. On the similar time, sustaining management over the pilot permits regulators to contemplate dangers earlier than scaling it up additional.
what occurs subsequent
For now, Part 2 stays a structured pilot fairly than a completely open market. Nevertheless, this launch exhibits that there’s rising confidence in blockchain-based actual property infrastructure. If the secondary market features effectively, Dubai may considerably increase this system. This transfer reinforces a broader world development in the direction of the tokenization of real-world belongings. Nonetheless, long-term success will rely upon liquidity, person adoption, and regulatory consistency. For now, Dubai is clearly positioned close to the entrance of the race.
