Latest news with #CtrlAlt
Business Post
a day ago
- Business
- Business Post
Meet the Irish startup that tokenised a house — and now wants to transform global investing
Ctrl Alt, an Irish co-founded fintech business, is seeking to become the go-to option for institutional investors seeking to invest in alternative assets. Founded by Jordan McMullen and Matt Ong in 2022, the company has offices in Dundalk, Belfast, Dubai and London, with its headquarters in the latter. To date, the business has raised €4 million in funding. The company has developed a platform for investments in the likes of real estate or private credit. 'Essentially we make it easier and cheaper for people to invest in alternative assets,' Jack Denton, chief of staff at Ctrl Alt, told the Business Post. We cover anything that needs investment but that ordinary people normally can't invest in.' 'This could be anything from art to a wind farm. Whatever it may be, we help people invest in those projects.' The business uses a tokenisation platform designed to allow investors to make small partial investments in assets. 'In the same way that a share represents ownership of something, a token is like that but can be transferred and shared on the blockchain. In the UAE, for example, the title deed on a house can be sent as a token on the blockchain,' Denton said. 'On the blockchain we can always track the token down and work out where it is. That makes it more secure.' McMullen and Ong developed the idea from their time working together in Morgan Stanley, where investments in the luxury market boomed during the pandemic. 'There was a big market for luxury watches during Covid. The value of Rolexes was rising but, to get involved in that market, people had to buy a Rolex. What they wanted to do was offer the opportunity to everyone,' Denton said. 'Tokenisation allowed them to split out an asset into tokens, creating a different way to invest in it. We were the first in the UK to tokenise a house, where people could buy a piece of the property for as little as £10 (€12).' The business has grown quickly and already had to move offices multiple times in its locations due to the addition of staff. Enterprise Ireland has provided assistance to the company as it manages its growth. 'We've taken big leaps and strides in the past 12 months and grown rapidly. Enterprise Ireland has helped out in a number of ways. They have put us in touch with people, invested in us and let us use their offices,' Denton said. The company has no plans to raise any more funding at present, with its goal in the near-term to expand its partnerships with institution-level investors. 'We don't want to become a household name, we want to be an industry-known name. If you're a government or family office and want to talk tokenisation, you come to us. We want to be that name in tokenisation,' Denton said. 'We are regulated in the UK and the UAE, and are in the application processes in Ireland. We'd like to look more at Europe, the US and Singapore as well.'
Arabian Business
5 days ago
- Business
- Arabian Business
Dubai virtual asset watchdog VARA grants licence to tokenisation platform Ctrl Alt
Ctrl Alt, a tokenisation infrastructure platform, as of today, has secured its licence from Dubai's Virtual Assets Regulatory Authority (VARA) to function as a Virtual Assets Service Provider (VASP). Ctrl Alt is the first VASP allowed to conduct issuer-related services, marking a significant step in Ctrl Alt's global expansion and underlines its dedication to wielding robust regulatory frameworks. Ctrl Alt was given a VARA licence that permits the company to administer licensed activities that include Broker-Dealer services and Issuer services. VARA approves Ctrl Alt VARA has granted a licence that permits Issuer services for the first time, a monumental achievement for Ctrl Alt. This license allows Ctrl Alt to conduct a full-stack, regulatory-compliant platform for the design, control and distribution of tokenised real-world assets and ARVA tokens. The latest example of this is Ctrl Alt's partnership with the Dubai Land Department (DLD) on their Real Estate Tokenisation Project, where Ctrl Alt formed the structure to mint and place real estate tokens on-chain. Dubai has established itself as a global leader in innovation and digital assets, particularly in the field of tokenisation. Backed by progressive regulatory frameworks and a forward-thinking strategic vision, the emirate has solidified its reputation as a hub for digital and financial innovation. Since its launch in 2022, the Virtual Assets Regulatory Authority (VARA) has played a crucial role in driving the growth of Dubai's digital economy. This supportive environment was a major factor in Ctrl Alt's decision to set up operations in the region in 2024. 'We are proud to receive our VARA licence and establish fully regulated operations in the UAE. This achievement reflects our commitment to long-term regulatory alignment as we power the infrastructure for the next generation of financial products,' Matt Ong, Founder and CEO at Ctrl Alt said in a statement. 'Securing our VARA licence marks a pivotal moment not just for Ctrl Alt, but for the broader digital asset ecosystem in the region. Dubai's progressive regulatory environment provides a strong foundation for innovation in tokenisation and we're proud to contribute to that vision by delivering secure, compliant tokenisation infrastructure for real-world asset issuance,' Robert Farquhar, Head of MENA at Ctrl Alt, added. This approval means Ctrl Alt becomes part of a developing ecosystem of licensed VASPs in one of the world's most innovative and ambitious regulatory environments for Web3 and digital asset innovation.
Zawya
5 days ago
- Business
- Zawya
Ctrl Alt secures VARA license, becomes first VASP authorized to conduct issuer services in Dubai
Dubai, UAE - Ctrl Alt, a leading tokenization infrastructure platform, has officially secured its license from Dubai's Virtual Assets Regulatory Authority (VARA) to operate as a Virtual Assets Service Provider (VASP). Notably, Ctrl Alt is the first VASP authorized to conduct issuer-related services. This milestone marks a significant step in Ctrl Alt's global expansion and highlights its commitment to operating within robust regulatory frameworks. Ctrl Alt has been granted a VARA license that allows the company to conduct licensed activities that include Broker-Dealer services and Issuer services. This is the first time VARA has granted a license that permits Issuer services, a monumental achievement for Ctrl Alt. This license allows Ctrl Alt to operate a full-stack, regulatory-compliant platform for the creation, management and distribution of tokenized real-world assets and ARVA tokens. This was most recently demonstrated through Ctrl Alt's partnership with the Dubai Land Department on their Real Estate Tokenization Project, where Ctrl Alt created the framework to mint and place real estate tokens on-chain. Dubai has rapidly emerged as a global hub for innovation and digital assets and is often seen as a global leader in tokenization. Driven by a progressive approach to regulation and a forward-looking strategic vision, the Emirate has cemented its position as a global hub for digital and financial innovation. Since its inception in 2022, VARA has played a pivotal role in contributing to the growth of Dubai's digital economy and was a key factor in Ctrl Alt's decision to establish itself in the region back in 2024. 'We are proud to receive our VARA license and establish fully regulated operations in the UAE,' said Matt Ong, Founder and CEO at Ctrl Alt. 'This achievement reflects our commitment to long-term regulatory alignment as we power the infrastructure for the next generation of financial products.' 'Securing our VARA license marks a pivotal moment not just for Ctrl Alt, but for the broader digital asset ecosystem in the region,' said Robert Farquhar, Head of MENA at Ctrl Alt. 'Dubai's progressive regulatory environment provides a strong foundation for innovation in tokenization and we're proud to contribute to that vision by delivering secure, compliant tokenization infrastructure for real-world asset issuance.' With this approval, Ctrl Alt becomes part of a growing ecosystem of licensed VASPs in one of the world's most forward-thinking regulatory environments for Web3 and digital asset innovation. 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. With offices in the UAE, the UK and Ireland, the Ctrl Alt team is composed of top-tier financial and technology experts including alumni from Morgan Stanley, Credit Suisse, UBS and Revolut. For further information, visit or contact info@ 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.
Associated Press
25-05-2025
- Business
- Associated Press
Ctrl Alt and Dubai Land Department Go Live with Tokenized Real Estate, Forecasts $16B Market by 2033
DUBAI, UAE, May 25, 2025 /PRNewswire/ -- 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 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 or contact [email protected]. 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. Media contact: Lawrence Chiu [email protected] Logo - View original content to download multimedia: SOURCE Ctrl Alt
Zawya
25-05-2025
- Business
- Zawya
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 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 or contact info@ 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@
