🏗️ Dubai Embraces Blockchain: $325M Real Estate to Be Tokenized on Ripple's XRP Ledger. By ChainFabricNews

Image source: iStock Dubai has always been known for pushing boundaries—and now it’s doing it again, this time with blockchain. In a major step toward the future of real estate, the Dubai Land Department has partnered with Ripple and a local tech firm, Ctrl Alt, to bring real estate ownership to the blockchain . The goal? To tokenize over $325 million worth of properties and make ownership more accessible, secure, and global. This isn’t just a tech story—it’s a game-changer for the real estate world. What’s Actually Happening? Through this collaboration, Dubai will issue digital versions of real estate title deeds using Ripple’s XRP Ledger —a fast, scalable blockchain. Tokenizing real estate means turning ownership rights into digital tokens that can be securely bought, sold, or traded online. Instead of handling mountains of paperwork, legal delays, and complicated procedures, this system aims to let people buy property—or even just a fraction of it —with just a few clicks. Y...