DUBAI PUT ITS ENTIRE REAL ESTATE MARKET ON THE XRP LEDGER 🚨
Dubai's Land Department selected the XRP Ledger as the settlement layer for the Middle East's first government-backed tokenization of property title deeds. On-chain deed tokens are synchronized with Dubai's conventional land registry. 7.8 million tokens linked to ten properties are now eligible for trading, all recorded on the XRP Ledger and secured by Ripple Custody. Every trade is synchronized to Dubai's land registry in real time.
Dubai's roadmap targets tokenizing 7% of its real estate market by 2033 - approximately $16 billion in assets. RippleX called it "a massive milestone for Dubai's real estate market," adding the XRPL was chosen "thanks to its decade-long reliability and stability." The XRP Ledger is now the official settlement infrastructure for the government of one of the wealthiest cities on earth.
$XRP $XLM
Dubai's Land Department selected the XRP Ledger as the settlement layer for the Middle East's first government-backed tokenization of property title deeds. On-chain deed tokens are synchronized with Dubai's conventional land registry. 7.8 million tokens linked to ten properties are now eligible for trading, all recorded on the XRP Ledger and secured by Ripple Custody. Every trade is synchronized to Dubai's land registry in real time.
Dubai's roadmap targets tokenizing 7% of its real estate market by 2033 - approximately $16 billion in assets. RippleX called it "a massive milestone for Dubai's real estate market," adding the XRPL was chosen "thanks to its decade-long reliability and stability." The XRP Ledger is now the official settlement infrastructure for the government of one of the wealthiest cities on earth.
$XRP $XLM