XRP Marks Another Milestone As Dubai Brings $16 Billion In Real Estate Company To The Blockchain – Details
XRP has reached a significant milestone with the Dubai Land Department's announcement of a $16 billion real estate tokenization project on the XRP Ledger (XRPL). Ctrl Alt is partnering with DLD to create a secure tokenization framework for real estate deeds. The XRPL, known for its reliability, will enhance network utility and increase demand for XRP. The DLD anticipates that tokenized real estate will represent 7% of total property transactions by 2033. Pro-XRP lawyer John Deaton emphasized the XRPL's history as the first decentralized exchange designed for real-world asset tokenization. Crypto analyst Cryptoinsight predicts this development could catalyze an XRP price rally to $12. Additionally, Brazil's Braza Group plans to launch a USD-backed stablecoin on the XRPL, and Schuman Financial introduced the first MiCA-compliant euro stablecoin on the platform. XRP is currently trading at approximately $2.30.
