Dubai Unveils Secondary Market for Real Estate Tokens

Dubai Land Department (DLD) and tokenization firm Ctrl Alt have launched a secondary market for real estate tokens, marking a significant step in the city’s tokenization strategy. Approximately $5 million worth of fractional real estate assets are now available for controlled trading. Around 7.8 million tokens, representing 10 Dubai properties, can be traded on a compliant distribution platform, with transactions recorded on the XRP Ledger and custody support provided by Ripple Custody.

This initiative is part of Dubai’s ambitious plan to achieve $16 billion in real estate tokenization by 2033. The project aims to test market infrastructure and compliance frameworks, ensuring that property token transactions are synchronized with the official land registry system.