XRP Ledger Debuts Controlled Trading for Dubai Property Tokens, Ripple Says

TLDR

• Ripple executive Reece Merrick confirmed the launch of controlled trading for tokenized properties on the XRP Ledger.
• The Dubai Land Department joined the project to support real estate tokenization and on-chain title management.
• Phase two of the project introduced regulated resale of fractional property tokens for broader market access.
• The pilot phase previously tokenized ten properties with a value of over five million dollars.
• About 7.8 million tokens created during the pilot are now eligible for resale under the new framework.

The project advanced further on Friday as new details emerged and expanded its scope and purpose, and the update introduced controlled trading for tokenized properties. The development created a clear path for broader asset access and drew attention to expanding token markets. The disclosure from senior leadership also showed how partners support the ongoing rollout phase.

Phase Two Expands Property Trading on the XRP Ledger

Ripple executive Reece Merrick confirmed the launch of controlled trading for tokenized properties. He shared the update on X and said the system now supports structured resale activity.

He explained that phase two follows a pilot that tested token issuance and supported early property onboarding. He added that trading now operates under a regulated setup.

The pilot introduced 10 properties worth over $5 million and created 7.8 million eligible tokens. The new phase now enables investors to resell those units.

Merrick said the expansion provides a pathway for wider access to tokenized assets. He noted that the market framework supports investor protections.

The update also shows how partners built the trading model for long-term use. It now connects infrastructure with land registry processes.

Dubai Entities Deepen Real Estate Tokenization With Ripple Custody

The Dubai Land Department joined the project to support asset tokenization and registry integration. The agency now links property data with the blockchain system.

The department works with Ctrl Alt to manage a tokenization engine that issues and transfers title deeds on-chain. This setup allows the market to track property changes.

Partners said the system records all transactions using Ripple Custody for secure verification. They also confirmed that asset movements remain visible to regulators.

The controlled market aims to test operational readiness under real trading conditions. It also helps partners evaluate governance tools.

The update reflects how agencies coordinate to align registry processes with blockchain tools. It supports consistent tracking across each property event.

Controlled Market Framework Drives Regulated Activity for Tokenized Assets

Project leaders said the controlled market creates a clear environment for resale activity. They emphasized that all trades follow set rules.

Merrick stated that investors can enter or exit positions under defined oversight. He said this structure keeps transactions orderly.

The partnership with Ctrl Alt improves how title data moves through the chain of records. It links each update to on-chain documentation.

Teams designed the system to support future expansion. They continue monitoring how participants use the trading functions.

The latest update confirms that phase two is now active with regulated resale features. It also shows that about 7.8 million tokens are ready for trading under the new framework.

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