Dubai Real Estate Tokenization Goes Live on XRPL

Ripple executive Reece Merrick confirmed on February 20, 2026, that the second phase of the Dubai Land Department’s (DLD) real estate tokenization initiative has officially launched on the XRP Ledger (XRPL).

The expansion marks a significant step forward in bringing regulated property trading onto blockchain infrastructure.

Secondary Trading Now Enabled

The new phase introduces controlled secondary market trading, allowing investors to buy and sell fractionalized property tokens within a regulated framework on XRPL. This represents the first time participants can actively trade previously issued real estate tokens rather than simply hold them from the pilot phase.

Approximately 7.8 million tokens from the initial rollout are now eligible for resale. The pilot program tokenized 10 properties valued at more than $5 million (AED 18.5 million), creating fractional ownership units designed to broaden market access.

Trading operations are powered by the Ctrl Alt tokenization platform and secured through Ripple Custody, providing institutional-grade infrastructure for settlement and asset protection.

Expanding Access to Dubai’s Property Market

The strategic objective behind the initiative is to open Dubai’s real estate market to a broader global audience through fractional ownership. By integrating tokenized property directly with government real estate ledgers, the project aims to bridge traditional land registry systems with blockchain-based settlement layers.

If successful, the model could reduce entry barriers, improve liquidity in private real estate markets, and modernize property ownership transfer mechanisms.

Part of a Larger 2026 XRPL Push

The Dubai real estate launch comes amid a broader wave of institutional tokenization activity on the XRP Ledger in early 2026.

On February 11, Ripple partnered with Aviva Investors to tokenize traditional fund structures on XRPL. More recently, on February 19, fintech platform Soil launched a compliant yield protocol on the network, enabling RLUSD stablecoin holders to earn returns backed by tokenized real-world assets (RWAs).

In the commodities sector, projects such as Meld Gold are now live on XRPL, representing fully backed physical gold under regulated custodial arrangements.

Together, these developments signal an accelerating focus on real-world asset tokenization, positioning XRPL as an infrastructure layer for regulated digital asset markets rather than purely speculative crypto activity.

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