Ripple President Is Proud of Ripple and XRP Ledger. Here's why

Ripple has taken a significant step toward expanding its institutional custody services in the Middle East by partnering with Ctrl Alt to support the Dubai Land Department’s (DLD) Real Estate Tokenization Project.

The announcement is notable, as it highlights Ripple’s growing global custody footprint and shows the increasing institutional interest in XRP in the UAE.

Monica Long, President of Ripple, underlined the gravity of Ripple Custody’s role in this initiative. In a post on X, she highlighted the critical importance of secure, institutional-grade custody, stating, “As trillions of dollars of assets… become tokenized around the world, you cannot overstate the importance of bank-grade custody and security underpinning these assets.”

She emphasized that safeguarding the DLD’s tokenized title deeds on the XRP Ledger (XRPL) is “no elementary task,” reinforcing Ripple’s position as a trusted provider of institutional-grade infrastructure.

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Bank-Grade Security for Tokenized Assets

The DLD launched this tokenization initiative in May. According to this announcement, Ripple’s custody solution will be responsible for the secure, scalable storage of these tokenized assets.

According to Ripple, this effort will enable more transparent and efficient real estate transactions while opening the door to fractional ownership. The move aligns with Dubai’s broader push to modernize its asset markets through tokenization and digital transformation.

Ripple’s institutional-grade custody technology will serve as the foundation for securing tokenized property ownership records, which are now being issued on XRPL. This infrastructure will enable global investors to securely access Dubai’s real estate market, a development that could redefine asset accessibility and participation in the region.

Ripple’s Strengthening Presence in the UAE

This partnership complements Ripple’s expansion in the UAE’s digital asset space. Earlier this year, Ripple became the first blockchain-enabled payments firm to be licensed by the Dubai Financial Services Authority (DFSA), opening up a new market for XRP adoption.

Ripple has also formed key relationships with regional financial institutions such as Zand Bank and Mamo. Both XRP and RLUSD are approved for use within the Dubai International Financial Centre (DIFC).

With over a decade of experience and regulatory licenses across more than 60 jurisdictions, Ripple is positioning itself as a central infrastructure provider for tokenized asset markets.

The UAE’s integration of Ripple Custody into the national real estate system demonstrates the growing institutional confidence in the firm’s role in powering the tokenized economy. As the tokenization expands, Ripple and XRP will play more prominent roles.

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