Ripple’s expansion of crypto custody in Dubai reached a milestone thanks to the strategic partnership between Ripple and Ctrl Alt The support of the Dubai Land Department’s Real Estate Tokenization Project. This partnership provides institutional-grade custody services in the Middle East’s crypto market. In addition, it enhances the security of digital assets and the regulatory compliance standards for the crypto industry.
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Ripple expands crypto custody services in Dubai with a focus on security, compliance, and Middle East market
Strategic Partnerships Enhance Digital Asset Security
Ctrl Alt and Ripple’s crypto-custody deal represents a major advancement in the Middle East market for crypto. Ctrl Alt has actually been able to secure its position in the Middle East crypto market. VASP license from VARARipple has its first significant custody partner in UAE.
Reece MerrickRipple’s Managing Director for Middle East and Africa stated that:
“The Dubai Land Department’s Real Estate Tokenization Project is a perfect example of the type of forward-thinking, innovative initiative that is positioning Dubai at the heart of the global digital asset industry. This is the first time a government real estate registration authority in the Middle East has tokenized property title deeds on a public blockchain.”
Secure Digital Asset Infrastructure to meet market demand
This partnership will help meet the growing need for digital asset security in the area. Ripple’s institution-grade custody provides secure and scalable storage. Dubai’s tokenized real estate title The XRP Ledger is a database of deeds.
Matt OngCtrl Alt CEO and founder,, has this to say about the company:
“As the designated tokenization provider for the DLD Project, Ctrl Alt brings deep expertise in financial engineering and digital asset infrastructure, so it makes sense for us to partner with Ripple to use their custody technology to support this initiative. Partnering with Ripple allows us to leverage proven and trusted technology that meets the highest security and operational standards.”
Ripple’s crypto custody project in Dubai is a strong example of regulatory compliance, as Ripple holds over 60 licenses from various regulatory authorities and registrations. The partnership positions the crypto custody service as an essential infrastructure for government tokenization projects.
Global Custody Network to Expand
Ripple’s global expansion network includes Middle East cryptocurrency market. Clients are located in Europe, Africa and Asia-Pacific, as well as Latin America. Dubai Initiative shows that digital asset security can help government-led projects and maintain regulatory compliance while maintaining crypto standards.
This partnership allows for fractional ownership through tokenization. It also allows multiple investors to own properties together while Ripple’s cryptocurrency custody service ensures secure storage. This innovative solution addresses concerns about scalability and improves the Middle East’s crypto market infrastructure.
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Source: watcher.guru
