XRP Ledger Enhances Real-World Asset Tokenization with Dubai s Secondary Trading Launch

The XRP Ledger is solidifying its position in real-world asset tokenization as Dubai initiates secondary trading for tokenized properties. On February 20, Ripple s Senior Executive Officer for the Middle East and Africa, Reece Merrick, announced the launch of Phase Two of the Dubai Land Department s Real Estate Tokenization Project. This phase allows for the resale of tokenized real estate secured by Ripple Custody.
Thrilled to see Phase Two launch for Dubai Land Department Real Estate Tokenization Project!
he expressed.
Building on the pilot, controlled secondary market trading is now live for tokenized properties on the XRP Ledger, secured by Ripple Custody via our partner Ctrl Alt.
This development follows a pilot program that successfully tokenized 10 properties valued at over 5 million. Approximately 7.8 million tokens issued during this initial phase are now eligible for resale in a regulated secondary market. This trading occurs through a distribution platform that aligns with official land registry processes, enhancing transparency and investor protections.