Ctrl Alt and Dubai Land Department go live with tokenized real estate, forecasts $16bln market by 2033
Dubai, UAE - Leading tokenization infrastructure platform, Ctrl Alt has been announced as the tokenization partner for Dubai Land Department's (DLD) pioneering Real Estate Tokenization Project. Launched today, the initiative in collaboration with the Virtual Assets Regulatory Authority (VARA), the Dubai Future Foundation and PRYPCO, marks a monumental step for asset tokenization and the future of property investment in the Emirate.
As the designated tokenization provider for the project, Ctrl Alt brings deep expertise in financial engineering and digital asset infrastructure. The DLD and Ctrl Alt have worked closely together on the development of a secure and compliant tokenization framework, focusing on structuring, minting and placing real estate title deed tokens on-chain. The XRP Ledger (XRPL), a decentralized layer 1 blockchain renowned for its decade-long reliability and stability in tokenizing and exchanging digital and real-world assets, has been selected as the blockchain of choice for the project. Additionally, Ctrl Alt has integrated directly with the DLD to synchronize both digital and traditional real estate ledgers, ensuring coordination between the on-chain and the conventional property registration system. This enables a fully integrated and transparent tokenization process that aligns with local regulations and enhances investor confidence.
The project has been developed under the Real Estate Evolution Space Initiative (REES) and marks the first time in the Middle East that a government real estate registration authority has implemented a public blockchain-based tokenization of property title deeds. With this move, the DLD is leading the charge toward a more accessible, transparent and efficient real estate market, enabling fractional ownership, broadening investor participation and enhancing operational efficiency.
By leveraging native tokenization, ownership of real estate has been fractionalized, allowing multiple investors to co-own a single property. This is achieved through the PRYPCO Mint real estate platform, which is now live and allows investors to participate with a starting minimum investment of AED 2,000. EID holders are able to participate at mint.prypco.com.
The initiative is projected to contribute to the growth of an AED 60 billion ($16 billion) tokenized real estate market by 2033, equivalent to 7% of Dubai's total property transactions.
Matt Ong, CEO and Founder, Ctrl Alt said, 'We've been working closely with the DLD on this project for some time, and we're delighted to be taking this major step together to bring real estate investment to a wider audience. As experts in the space, we are proud to create the tokenization infrastructure that enables DLD's partners to offer fractional real estate to investors. Dubai's leadership in embracing next-generation financial technologies is truly world-class and this project is a powerful signal of what's to come. We're thrilled to launch this pilot and continue building with DLD in the months ahead.'
This strategic initiative aligns with the objectives of Dubai's Real Estate Sector Strategy 2033 and the broader Dubai Economic Agenda (D33), both of which prioritize the adoption of digital solutions to boost economic competitiveness, attract global investment and modernize key sectors.
About Ctrl Alt
Ctrl Alt is a leading tokenization infrastructure platform, combining blockchain technology with expert financial engineering to deliver tailored, compliant solutions in the alternative assets space. As of May 1, 2025, Ctrl Alt has tokenized over $295 million in assets, spanning real estate, private credit, funds, litigation finance and more.
For further information, visit www.ctrl-alt.co or contact info@ctrl-alt.co.
Ctrl Alt Solutions DMCC is licensed by the Dubai Virtual Assets Regulatory Authority (reference: VL/25/05/002) as a Broker-Dealer and as an Issuer. Our principal office is located at Level No 12, Uptown Tower, Dubai.
Virtual Assets may lose their value in full or in part, and are subject to extreme volatility. Investors in Virtual Assets can lose all their money and do not benefit from any form of financial protection.
Media contact:
Lawrence Chiu
press@ctrl-alt.co
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
20 minutes ago
- Zawya
Mideast Stocks: Most Gulf markets gain as investors eye US-China talks
Most stock markets in the Gulf ended higher on Tuesday, tracking gains in global equities as investors looked for progress in U.S.-China trade talks that could ease tensions between the world's two largest economies. U.S. Commerce Secretary Howard Lutnick said on Tuesday trade talks with China were going well as the two sides met for a second day in London, seeking a breakthrough on export controls that have threatened a fresh rupture between the superpowers. World stocks, as reflected by the MSCI All-Country World index, traded near record highs, while the dollar steadied against a range of currencies. Dubai's main share index rose 0.1%, helped by a 1.8% rise in top lender Emirates NBD. The bourse's gains were limited after the benchmark index hit its highest since 2008 on Monday. However, underlying momentum remains intact, suggesting the potential for further advances in the coming sessions, said Osama Al Saifi, Managing Director for MENA at Traze. "Although many sectors were in negative territory today, solid market fundamentals point towards continuous gains." In Abu Dhabi, the main index finished 0.5% higher. Oil prices - a catalyst for the Gulf's financial markets - climbed as investors awaited the outcome of U.S.-China trade talks and as Saudi Arabia's crude supply to China is set to dip slightly. The Qatari index advanced 1.3%, led by a 1.4% gain in the Gulf's biggest lender Qatar National Bank. Outside the Gulf, Egypt's blue-chip index closed 0.7% higher, with Talaat Moustafa Group Holding rising 2.5%. ** The Saudi and Bahrain bourses remained closed due to a public holiday. Abu Dhabi up 0.5% to 9,796 Dubai added 0.1% to 5,599 QATAR rose 1.3% to 10,697 EGYPT gained 0.7% to 32,904 OMAN was up 0.1% to 4,582 KUWAIT added 0.8% to 8,925 (Reporting by Ateeq Shariff in Bengaluru; Editing by Emelia Sithole-Matarise)
Zawya
20 minutes ago
- Zawya
ADNOC Gas awards $5bln in contracts for first phase of its Rich Gas Development Project
ADNOC Gas Plc and its subsidiaries (together referred to as 'ADNOC Gas' or the 'Company') announced today it has taken a FID and awarded $5 billion in contracts for the first phase of its Rich Gas Development (RGD) Project, marking a key milestone in the company's largest-ever capital investment. The contracts involve expanding key processing units to increase throughput and improve operational efficiency across four ADNOC Gas Facilities: Asab, Buhasa, Habshan (Onshore), and the Das Island liquefaction facility (Offshore). The company intends to take FIDs on two additional phases of the RGD project at Habshan and Ruwais to enable the delivery of greater production capacity to meet growing market demands. The RGD project will enable the development of new gas reservoirs, which are key to boosting liquid gas exports, supporting gas self-sufficiency in the UAE, and providing essential feedstock to the country's growing petrochemical industry. Engineering, Procurement, and Construction Management (EPCM) contracts have been awarded in three tranches for phase 1. The first tranche, valued at $2.8 billion, has been awarded to Wood for the Habshan facility. The remaining two tranches – $1.2 billion for the Das Island liquefaction facility and $1.1 billion for the Asab and Buhasa facilities – have been awarded to two consortia: Petrofac; and Kent Plc. Fatema Al Nuaimi, Chief Executive Officer of ADNOC Gas, said: 'The FID and contract awards for the first phase of the Rich Gas Development project mark a significant milestone in ADNOC Gas' strategy to deliver +40% EBITDA growth between 2023 and 2029. This strategic investment is expected to deliver significant new value for our shareholders and enable continued sustainable growth for the company, our employees, and the UAE.' Phase 1 of the RGD project focuses on optimizing and debottlenecking existing gas assets while unlocking new and valuable gas streams. As part of ADNOC Gas' long-term strategy, which is focused on growth and futureproofing its business, the RGD project aligns with the company's vision to deliver important growth initiatives between 2025 and 2029. Additionally, the RGD project highlights ADNOC Gas' commitment to enhancing In-Country Value (ICV), with plans to create hundreds of new, field-based technical positions by 2029, further contributing to the UAE's economic growth.
Khaleej Times
37 minutes ago
- Khaleej Times
UAE: First finfluencers hail new licence, say will reduce misinformation
Regulating financial advice given on social media will help reduce misinformation, UAE's first finfluencers said to Khaleej Times days after the Securities and Commodities Authority (SCA) licensed them. The region's first finfluencer license aims to regulate digital financial content. The initiative seeks to establish a governance framework for individuals offering investment analysis, recommendations, and financial promotions across digital platforms. On June 3, the SCA published its first list of 10 licensed finfluencers authorised to create financial content in the country. Many of these individuals come from backgrounds in banking, law, or finance, leveraging their expertise to educate the public and inspire informed financial decisions. Muhammad Alamer, one of the ten finfluencers listed by the SCA, noted that financial content in the UAE has significantly blossomed in recent years. 'In recent years, financial content in the UAE has matured significantly, driven by increased investor education, regulatory enhancements, and the growing presence of specialised professionals,' he stated, emphasising a shift toward prioritising quality over quantity, with a focus on credibility and actionable insights. On the SCA finfluencer license, Muhammad remarked that it would help reduce misinformation. 'This regulation will enhance trustworthiness, encourage professional standards, and ultimately benefit investors and the broader financial community,' he added. 'This regulatory initiative is expected to promote higher professionalism and mitigate misinformation, positively shaping the UAE's financial advisory landscape toward greater transparency and investor protection.' As a private wealth specialist, trader, and investor with 17 years of experience in UAE banks, his journey into financial advisory stemmed from a deep interest in understanding market dynamics and leveraging technology to enhance decision-making processes, particularly through advanced analytical tools and artificial intelligence. He works closely with ultra-high-net-worth individuals to grow and preserve their wealth, sharing insights through his LinkedIn platform. Mohammed Al Hattawi, another finfluencer listed by the SCA, entered the field of financial content out of passion. He emphasised the significance of the SCA's licensing decision, describing it as a crucial and timely measure that enhances credibility and ensures that those providing financial content are held to both legal and moral standards. 'The license boosts credibility, as it is issued by an official government agency, instilling greater confidence among followers. I appreciate the rigorous requirements for obtaining it, as they ensure that influencers are qualified and trustworthy.' He stated, 'I began my journey in financial content because of my lifelong passion for investing and my realisation that many people needed accurate information, free from misinformation.' The SCA's initiative aims to enhance transparency, trust, and regulation in the rapidly expanding world of financial content. 'My love for the field and my desire to be a trusted source of clear information motivated me to become a finfluencer,' he explained. 'As a financial influencer, my role extends beyond merely sharing information; I aim to inspire people to think critically about their financial decisions, basing them on understanding rather than emotion.' With a background in law and currently pursuing a PhD in Political Science and Economics, he observed that financial content in the UAE has evolved from basic concepts to a truly informed community. Industry experts have also welcomed this decision. While not a finfluencer himself, Ali Abuamriyeh, a Forensic Accounting & Financial Litigation Advisor, stated, 'The UAE's finfluencer license is a timely regulatory step that introduces structure, accountability, and transparency to the fast-growing digital financial content space, particularly in high-risk areas like cryptocurrency and speculative assets.' He believes this move aligns with the UAE's broader efforts to establish a resilient and well-regulated financial ecosystem. 'Similar to licensed investment advisors, finfluencers will now be required to meet clear standards. They must disclose their identity, credentials, affiliations, and the basis of their advice, ensuring that content is based on fact rather than hype or emotional persuasion.' From a forensic and litigation perspective, he highlights several key benefits: Transparency is enhanced through mandatory disclosures, providing a clearer view of a finfluencer's intentions and interests. Legal accountability is reinforced, as oversight from the SCA introduces an enforcement mechanism to deter irresponsible or deceptive advice. Additionally, licensing requirements create a digital audit trail, improving the quality and admissibility of content in legal investigations.
