Dubai Embraces XRP Ledger for Innovative Real Estate Tokenization
May 25, 2025 - 07:41
More than 3,000 investors have registered for Dubai’s flagship real estate tokenization program. Mahmoud AlBurai, a senior executive at the Dubai Land Department (DLD), disclosed this exciting news in a recent LinkedIn post. The impressive number of participants on the waitlist underscores the growing interest in this innovative project, which aims to revolutionize how real estate transactions are conducted.
The initiative utilizes the XRP Ledger, known for its efficiency and speed, to facilitate the tokenization of real estate assets. This approach not only streamlines the buying and selling process but also opens up opportunities for fractional ownership, making real estate investment more accessible to a broader audience.
As Dubai continues to position itself as a global hub for technology and innovation, this program is expected to attract even more attention from investors looking to capitalize on the benefits of blockchain technology in the real estate sector. The DLD's commitment to this initiative reflects the city’s ambition to lead in the digital transformation of real estate markets.
MORE NEWS
June 2, 2025 - 10:34
TCW Global Real Estate Fund Reports Positive Q1 2025 PerformanceThe TCW Global Real Estate Fund, I Share Class, has shown a commendable performance in the first quarter of 2025, achieving a return of +1.90% after fees. This result surpasses the S&P Global REIT...
June 1, 2025 - 18:55
Insights into the Shifting Housing Market Amid Workforce ChangesReal estate agent Kirsten Jordan recently shared her observations on the evolving dynamics of the housing market, particularly in light of the growing trend of workers returning to the office. She...
June 1, 2025 - 02:55
StegX Launches Over $100 Million in Tokenized Real Estate on HederaIn a groundbreaking move for the real estate sector, StegX is set to deploy more than $100 million in tokenized real estate assets on the Hedera network. This ambitious initiative employs a cutting...
May 31, 2025 - 22:35
America's Energy Capital Evolves into a Thriving Real Estate MarketIt has long been known as America`s energy capital and a major hub for oil workers, but there is a new business in town. Thanks to a significant tech boom, this city is rapidly transforming into a...