365Crypto
Dubai Pushes Property Onto the Blockchain
Dubai is doubling down on real estate tokenization.
The city just moved into phase two of its pilot program.
About $5 million in property has already been converted into digital tokens.
That process created 7.8 million tradable units, giving investors a way to buy and resell fractions of real estate without handling stacks of paperwork or wiring huge sums across borders.
The Dubai Land Department is working with Ctrl Alt, a licensed Virtual Asset Service Provider in the emirate. The firm will issue asset-referenced virtual asset tokens, which are digital representations of ownership tied to real property. All transactions will be recorded on the XRP Ledger¹ and secured using Ripple Custody². The goal is simple: make property more liquid and easier to trade, like stocks but backed by buildings.
Officials estimate that tokenized real estate could generate $16 billion in value by 2033. That would represent 7% of Dubai’s total property transactions. In a market already known for luxury towers and global investors, blockchain is becoming the new sales agent.
Trump-Linked Resort Plans Go Digital
The Maldives is also entering the tokenization race.
This time, the spotlight is on a Trump-branded resort.
DarGlobal and World Liberty Financial, a crypto firm backed by Donald Trump and his sons, plan to tokenize the development phase of a luxury hotel project. They are partnering with fintech company Securitize to structure the deal. Instead of relying only on banks or private equity, the project may raise capital from token holders worldwide.
Executives say tokenization could reshape how large developments get funded. Smaller investors may gain access to projects once reserved for institutions and billionaires. If this model works, beachfront villas could soon sit side by side with digital wallets.
¹ XRP Ledger: A blockchain network used to record and verify digital asset transactions.
² Custody: Secure storage of digital assets, often managed by a regulated provider.
