ChainCatcher News, according to official sources, tokenization infrastructure provider Ctrl Alt announced the launch of the second phase of the Dubai real estate tokenization pilot project in collaboration with the Dubai Land Department, which introduces a controlled secondary market trading function for tokenized real estate assets.
During the pilot phase, ten properties were tokenized, with a total value exceeding $5 million. Approximately 7.8 million tokens issued during the pilot phase can now be resold within a controlled secondary market environment, expanding access and liquidity in Dubai’s real estate market.
The secondary trading phase aims to evaluate market efficiency and operational readiness while enhancing transparency, governance, and investor protection. Transactions will be conducted within the regulatory pilot framework of the project distribution platform to ensure transaction integrity and alignment with existing land registration processes. All on-chain transactions in this phase will continue to be executed on XRPL and secured by Ripple Custody.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Dubai Launches Phase Two of Real Estate Tokenization on XRP Ledger with Controlled Secondary Trading
The Dubai Land Department has launched the second phase of the Real Estate Tokenization Project Pilot on the XRP Ledger.
The first phase, conducted in partnership with Ctrl Alt, tokenized ten properties, issuing 7.8 million tokens representing over $5 million.
Dubai is stepping up its tokeni
CryptoNewsFlash3h ago
OpenClaw Founder: There are still "AI companies" requesting phone discussions about Claw integration and will not insert random features into the core for exposure
PANews February 21 News, OpenClaw founder Peter Steinberger tweeted that there are still "AI companies" requesting phone calls to discuss Claw integration; he recommends that popular token providers directly submit PRs or send emails, and that service-oriented projects should be developed as skills or plugins, rather than inserting random features into the core for exposure.
GateNewsBot3h ago
Pi Core Team Confirms Successful Protocol v19.6 Upgrade Across the Network
Pi Network’s migration to Protocol v19.6 has been completed; nodes must upgrade to avoid network incompatibilities.
Protocol v19.9 upgrade is required by February 27, and the roadmap targets Protocol v23 by Q2 2026 for planned scalability steps.
Protocol v19.6 is now active across Pi Network
CryptoNewsFlash3h ago
Vitalik advocates using personal LLMs to improve the efficiency of decentralized governance
Ethereum co-founder Vitalik Buterin proposes optimizing democracy and decentralized governance through AI and personal large language models, believing that directly using AI as government is dystopian. He suggests using mechanisms like personal governance agents to address human attention deficits in governance and introduces privacy protection technologies to enhance participant anonymity.
GateNewsBot3h ago
