News Explorer — Dubai Land Department Launches Secondary Market for Real Estate-Backed Tokens on XRP Ledger

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Feb 20, 5:09 pm

Coindesk

Dubai Land Department Launches Secondary Market for Real Estate-Backed Tokens on XRP Ledger

The Dubai Land Department (DLD) and Ctrl Alt introduced a secondary market for real estate-backed tokens, allowing trading of $5 million in fractional property ownership. Transactions will occur on a regulated platform, recorded on the XRP Ledger blockchain, and secured by Ripple Custody.

The Dubai Land Department (DLD) and Ctrl Alt introduced a secondary market for real estate-backed tokens, allowing trading of $5 million in fractional property ownership. Transactions will occur on a regulated platform, recorded on the XRP Ledger blockchain, and secured by Ripple Custody.

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