Ripple’s crypto custody expansion in Dubai has actually reached a new milestone with the blockchain company’s strategic partnership with Ctrl Alt to support the Dubai Land Department’s Real Estate Tokenization Project. This partnership brings institutional-grade crypto custody services to the Middle East crypto market, and it’s enhancing digital asset security along with regulatory compliance crypto standards in the region right now.
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Ripple Expands Crypto Custody Services in Dubai With Focus on Security, Compliance, and Middle East Market
Strategic Partnership Enhances Digital Asset Security
The Ripple crypto custody deal in Dubai with Ctrl Alt represents a significant advancement in crypto custody services for the Middle East crypto market. Ctrl Alt, which actually secured its VASP license from VARA, becomes the first VASP authorized to conduct Issuer-related services and also Ripple’s first major custody partner in the UAE.
Reece Merrick, Managing Director, Middle East and Africa, at Ripple, stated:
“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.”
Addressing Market Demand for Secure Digital Asset Infrastructure
The partnership addresses growing demand for secure digital asset security solutions in the region right now. Ripple’s institutional-grade custody technology provides scalable and also secure storage for Dubai’s tokenized real estate title deeds, which are being issued on the XRP Ledger.
Matt Ong, CEO and Founder of Ctrl Alt, had this to say:
“As the designated tokenization provider for the DLD Project, Ctrl Alt brings deep expertise in financial engineering and digital asset infrastructure, so it makes sense for us to partner with Ripple to use their custody technology to support this initiative. Partnering with Ripple allows us to leverage proven and trusted technology that meets the highest security and operational standards.”
The Ripple crypto custody initiative in Dubai demonstrates strong regulatory compliance crypto measures, with Ripple holding over 60 regulatory licenses and also registrations across various jurisdictions. This partnership positions crypto custody services as essential infrastructure for government tokenization projects.
Expanding Global Custody Network
Ripple’s expanding global custody network now includes the Middle East crypto market, with clients across Europe, Africa, Asia-Pacific and even Latin America. The Dubai initiative showcases how digital asset security solutions can support government-led blockchain projects while maintaining regulatory compliance crypto standards.
The partnership enables fractional ownership of real estate through tokenization, allowing multiple investors to co-own properties while ensuring secure storage through Ripple’s crypto custody services. This innovation addresses scalability concerns and enhances the overall Middle East crypto market infrastructure.
Also Read: Dubai Partners With Crypto.com to Tokenize Real Estate