Dubai Land Department Launches Tokenized Land Deeds on XRP Ledger With On-Chain Proof

Vet (@Vet_X0), a validator on the XRP Ledger (XRPL), has confirmed that the Dubai Land Department (DLD) has launched tokenized land deeds directly on the XRPL mainnet. Vet’s tweet is a response to a community member who shared the news. The validator verified the development with on-chain evidence, noting that these real estate tokens are backed by actual property titles. This development brings real estate-backed fractional ownership into decentralized finance on XRP and expands the ledger’s usage for real-world asset (RWA) tokenization . Vet stated that two properties have already been tokenized, with token listings created for five in total. Real Estate tokenized on the XRP Ledger with actual proof on chain! Can be used in XRPL Decentralized Finance! Currently they tokenized 2 properties it looks like but created TL for 5 in total so far already. https://t.co/jshxrzMHFa pic.twitter.com/cMiFwTA1m8 — Vet (@Vet_X0) May 18, 2025 Caution on Counterparty Risk While the announcement marks significant progress, Vet urged caution regarding issuer credibility. He emphasized that despite on-chain transparency, “there is always counterparty risk that is not insignificant.” The tokens are issued by entities whose management, custody, and legal arrangements must be trusted, which adds a layer of risk distinct from native digital assets. Vet also clarified that this tokenization is not exclusive to the XRP Ledger. He cited Lofty, a company operating on Algorand’s network, as an example of a long-standing real estate tokenization platform. He included a screenshot from Lofty.ai that shows fractional real estate ownership with projected yields and pricing data, compared to what DLD is now implementing. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Legal Complexities In Real Estate Tokenization Addressing why real estate is particularly challenging in the crypto space, Vet explained that it often involves forming LLCs that own the property. These LLCs are then fractionalized through token issuance. This process requires Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance, global property management coordination, and on-chain governance systems. For example, collective decisions such as selling an entire property must be managed through smart contracts or decentralized governance mechanisms. XRP’s Growing Influence in the Tokenization Space These legal and operational requirements make real estate a difficult asset class to manage in crypto-native formats. Nonetheless, DLD’s move signals a willingness by a major governmental body to engage with these complexities and provide a path forward. A recent analysis showed that XRP could climb to $54 by 2033 if it captures just 20% of the tokenization market , and this development has expanded the digital asset’s reach in this budding market. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Dubai Land Department Launches Tokenized Land Deeds on XRP Ledger With On-Chain Proof appeared first on Times Tabloid .

Source: TimesTabloid