Ripple Partners with Ctrl Alt for Middle East Expansion
- Lyla Velez
- July 16, 2025
- Business
- 0 Comments
Key Takeaways:
- Ripple partners with Ctrl Alt for Middle East custody.
- Ctrl Alt receives a regulatory license from Dubai VARA.
- Ripple expands its blockchain infrastructure in the region.
Ripple has announced a new partnership with UAE-based platform Ctrl Alt to enhance custody services in the Middle East, aiming to leverage blockchain technology for asset management.
The partnership emphasizes Ripple’s expansion in regulated cryptocurrency custody within the Middle East, leveraging blockchain for real-world asset tokenization amid increasing institutional interest.
Ripple’s collaboration with Ctrl Alt marks a strategic advancement in the Middle East’s blockchain landscape. Ctrl Alt, based in the UAE, seeks to utilize Ripple’s blockchain technology for safer and more efficient asset custody solutions. Previously, Ripple secured licenses with regional financial authorities, demonstrating its focus on regulatory compliance.
The Dubai Land Department’s Real Estate Tokenization Project is a perfect example of the type of forward-thinking, innovative initiative that is positioning Dubai at the heart of the global digital asset industry … This is the first time a government real estate registration authority in the Middle East has tokenized property title deeds on a public blockchain. That the DLD has chosen the XRPL for this is really exciting and reinforces the XRPL’s credentials as the blockchain of choice for serious financial use cases.
— Reece Merrick, Managing Director, Middle East and Africa, Ripple
The immediate impact includes broadening access to real estate investments, especially in Dubai, where Ctrl Alt allows property shares acquisition from AED 2,000 (~USD 544). This action, using XRP Ledger (XRPL) infrastructure, highlights an institutional shift towards digital economies.
Financially, tokenizing assets such as real estate can revolutionize investment accessibility and liquidity within regional markets. Ctrl Alt has already tokenized over $325 million in assets, indicating growing acceptance and institutional support.
The initiative sets a precedent for government adoption of blockchain technology for official purposes, like real estate registration. It is a notable regional movement towards integrating blockchain with governmental and institutional frameworks, potentially inspiring similar efforts globally.
Ripple and Ctrl Alt’s partnership could lead to significant advances in regulatory frameworks, digital asset management, and technological innovation. Historical precedents, such as previous stablecoin approvals, suggest a continued expansion into regulated Web3 ecosystems. Regulatory acceptance plays a significant role in future developments within this domain.
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