ChainCatcher News, according to official sources, tokenization infrastructure provider Ctrl Alt announced the launch of the second phase of the Dubai real estate tokenization pilot project in collaboration with the Dubai Land Department, which introduces a controlled secondary market trading function for tokenized real estate assets.
During the pilot phase, ten properties were tokenized, with a total value exceeding $5 million. Approximately 7.8 million tokens issued during the pilot phase can now be resold within a controlled secondary market environment, expanding access and liquidity in Dubai’s real estate market.
The secondary trading phase aims to evaluate market efficiency and operational readiness while enhancing transparency, governance, and investor protection. Transactions will be conducted within the regulatory pilot framework of the project distribution platform to ensure transaction integrity and alignment with existing land registration processes. All on-chain transactions in this phase will continue to be executed on XRPL and secured by Ripple Custody.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Cardone Bets $5 Billion on Real Estate Tokenization
_Grant Cardone plans to tokenize Cardone Capital’s $5B real estate portfolio on blockchain, chasing liquidity and market dominance in a fast-moving space._
Grant Cardone is making a move that few real estate moguls have dared to try at this scale. Cardone Capital, his multi-family and
LiveBTCNews57m ago
MoonPay, PayPal, and M0 Launch PYUSDx Stablecoin Tokenization Framework
MoonPay, M0, and PayPal have partnered to launch PYUSDx, a stablecoin tokenization framework that simplifies the issuance of PayPal USD on blockchain. This initiative seeks to enhance accessibility and compliance, bridging decentralized networks with traditional finance.
BlockChainReporter1h ago
XRP Ledger Powers $280 Million Diamond Tokenization in Major UAE Real-World Asset Deal
Ripple’s tokenization of 1 billion AED worth of diamonds, “isn’t just a win for the UAE, it’s a masterclass in how the XRP Ledger handles high-value RWA at scale,” says Reece Merrick.
The network is solving the trust gap by integrating Ripple Custody’s bank-grade vaulting with XRPL’s native f
CryptoNewsFlash2h ago
Vitalik: EIP-8141 is expected to be implemented within a year, fully resolving the account abstraction issue
Ethereum's Vitalik introduced the EIP-8141 proposal on the X platform, aiming to address issues related to account abstraction (AA), with the core being "frame transactions." This mechanism supports various transaction scenarios, enhances security, and complements FOCIL to accelerate transaction execution. After years of research, the related technology is expected to be implemented through the Hegota fork within a year.
GateNews2h ago
Hyperliquid Unveils HIP-6 Token Auctions
Hyperliquid's HIP-6 proposal introduces Continuous Clearing Auctions for permissionless token launches, enhancing fundraising and price discovery. It includes built-in safeguards, a fee structure for liquidity, and is designed to prevent price manipulation while streamlining the auction process for teams.
CryptoFrontNews2h ago
Ripple Expands XRPL Ecosystem Strategy With New Funding and Accelerator Programs for 2026
Ripple has injected $550 million into XRPL ecosystem since 2017, and this year, it will expand its focus to a more distributed model for founders.
This includes launching a fintech builder program, the new XAO DAO for the XRPL network, and increased support for XRPL Commons.
This year, Rippl
CryptoNewsFlash4h ago
