New Frontiers in Digital Asset Infrastructure: Exclusive Custody Partnership Announced

Ripple Executive Opens Up About Revolutionary Custody Partnership

In a recent statement, Reece Merrick, Senior Executive Officer/Managing Director for the Middle East and Africa at Ripple, has shed light on a groundbreaking collaboration that is poised to transform the real estate market. The announcement marks a significant milestone in the UAE and highlights the growing demand for digital asset infrastructure.

As part of this unprecedented partnership, Ctrl Alt will utilize Ripple’s top-tier digital asset custody technology to facilitate the Dubai Land Department’s pioneering Real Estate Tokenization Project. This revolutionary move signifies a major leap forward in tokenized property title deeds being stored on the XRP Ledger (XRPL).

Merrick expressed his enthusiasm for the development, describing it as “a game-changing partnership.” The Ripple executive emphasized that this unprecedented collaboration marks the first instance where a government real estate registration body in the Middle East has opted to tokenize property title deeds on a public blockchain.

The Ripple executive further highlighted the significance of Ctrl Alt selecting Ripple’s digital asset custody solution to support the project’s delivery.

Source: u.today