Dubai launches Phase Two of its real estate tokenization initiative, enabling secondary trading, improving liquidity, strengthening transparency, governance, and investor protection.
Dubai has activated Phase Two of its Real Estate Tokenization Project. The initiative launches regulated secondary trading of tokenized property stakes for the world. One might say, “How very modern of them.”
Dubai Land Department Opens Secondary Market for Property Tokens
Phase Two is based on a pilot in which 10 properties were tokenized with success. Those assets were valued at more than $5 million or AED 18.5 million. A modest beginning, one might think, for a city that once built a desert into a metropolis.
Thrilled to see Phase Two launch for Dubai Real Estate Tokenization Project! Building on the pilot, controlled secondary market trading is now live for tokenized properties on the XRP Ledger, secured by Custody via our partner. This is massive…
– Reece Merrick (@reece_merrick)
There are about 7.8 million tokens issued earlier and are now eligible for resale in a controlled manner. As a result, liquidity and access to investors are likely to improve across Dubai’s market. One wonders if the city will next tokenize its skyline.
Related Reading: UBS Plots Gradual Entry Into Crypto Trading With Long-Term Tokenization Strategy | Live Bitcoin News
The secondary phase assesses the efficiency, preparedness, governance, transparency, and investor protection standards. In addition, trading is conducted under a regulated pilot framework for transaction integrity. How quaintly bureaucratic.
All on-chain transactions are still running on the infrastructure of the XRP Ledger for settlement. Additionally, Ripple Custody secures assets to comply and institutional security requirements. One suspects the algorithms are sipping tea and murmuring “proper” as they work.
Ctrl Alt Expands Infrastructure Role in Dubai Tokenization Program
Ctrl Alt minted and issued the original title deed ownership tokens before. Now, the firm uses secondary market functionality built directly into DLD systems. A digital butler, perhaps?
This integration enables deeds to be issued, managed, and transferred entirely on-chain. Therefore, the ownership records are updated and consistent with official registries at all times. One might call it “trust, but verify,” with a side of blockchain.
For Phase Two, Asset-Referenced Virtual Asset management tokens are issued by Ctrl Alt that facilitate transfers. Both ownership and management tokens are registered on-chain and create immutable unified registers. A veritable paper trail, if only on a ledger.
The structure is based on Ctrl Alt being a licensed Virtual Asset Service Provider. It also has a VARA Issuer and Broker-Dealer licenses in support of regulated operations. One imagines a stern gentleman in a pinstripe suit nodding approvingly.
Robert Farquhar, CEO MENA, Ctrl Alt, on government and innovation collaboration benefits. He said secondary trading opens up efficiency and enhances transparency and investor confidence worldwide. A sentiment one might expect from a man with a monocle.
Phase Two introduces ARVA management tokens to allow securely supported regulated secondary market transfers. These tokens are used to coordinate compliance checks and investor protection mechanisms cost-effectively. A ballet of bureaucracy, one might say.
Moreover, the controlled environment gives authorities the opportunity to make judgments about the readiness of operations and market behavior. Feedback from this stage will help inform broader future rollout decisions carefully. A delicate dance between progress and caution.
Additionally, transparency remains central because blockchain records form immutable verification trails of ownership. Consequently, investors can view transfers and holdings with higher levels of confidence. One might almost believe in magic.
Furthermore, liquidity improvements may attract new regional and international real estate participants. Tokenization reduces barriers to entry while offering fractional opportunities to exposure on a global scale. A revolution, perhaps, but with a very polite invitation.
Meanwhile, regulators are keeping a close eye on transaction integrity within the pilot trading framework. This oversight facilitates the alignment with Dubai’s land registry and legal structures. A watchful eye, but with a twinkle.
Dubai Officials Promote World-Standard Tokenization Framework
Ctrl Alt’s tokenization engine performs all of the secondary trades, ensuring the accuracy of registry synchronization. Therefore, the data discrepancies between blockchain data and official records are minimized at all times. A triumph of order over chaos.
Ripple Custody is continuing to protect assets in the form of tokens with institutional-grade storage and security systems. Moreover, custody infrastructure helps build trust in investors and regulatory stakeholders alike. A fortress, but with better Wi-Fi.
Dubai officials say the initiative is a world standard for tokenized property innovation. Consequently, other jurisdictions can learn from the development of the regulatory and infrastructure framework in Dubai. A beacon of ambition, or perhaps a very tall tower.
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2026-02-20 23:36