- Dubai Land Department’s new platform enables tokenized real estate purchases directly on XRPL, increasing access for regional property investors.
- XRPL’s built-in real-world asset tokenization tools are now being recognized through live applications, including tokenized real estate infrastructure.
- John Deaton highlights XRPL’s 2012 design for decentralized finance and real estate tokenization, now validated by Dubai’s real estate adoption.
The Dubai Land Department (DLD) has officially introduced its real estate tokenization platform on the XRP Ledger. This move signals a new stage in the integration of blockchain within the property sector. By utilizing XRPL, the DLD is enabling residents in the region to invest in fractional real estate ownership.
The new platform allows individuals to purchase property shares, removing the financial barrier of owning entire properties. This model supports wider access to Dubai’s growing real estate market. Tokenized property assets can now be distributed more efficiently using XRPL’s built-in technology.
Ripple ecosystem gains regional traction In Dubai
This development aligns with the DLD’s long-term vision to tokenize up to $16 billion in real estate assets by 2033. The collaboration places XRPL as a critical infrastructure in real estate innovation and signals increasing trust in Ripple’s technology for large-scale asset tokenization.
According to John Deaton, founder of CryptoLaw and a well-known Ripple advocate, he reacted to the announcement with the fact that XRPL was historically significant. XRPL was specifically built to enable tokenization of real-world assets, like real estate, he added. Since the launch of the XRP Ledger in 2012, Deaton stressed that these functionalities were supported on the network.
XRPL features are forgotten, but not seen.
Additionally, Deaton pointed out that XRPL was one of the first decentralized exchanges (DEX) that XRPL had offered before the time the phrase ‘DeFi’ actually came to be. If previously overlooked tokenization capabilities of XRPL gain practical relevance through real-world use cases, then this renewed focus on the tokenization capabilities of XRPL makes sense.
The Dubai real estate partnership adds momentum to XRP’s adoption. With platforms like this expanding XRPL’s use, broader market participation is expected. Increased utility in the tokenization of physical assets could influence long-term value and interest in XRP.
