Dubai Land Department launches secondary market for real estate tokens with Ctrl Alt

According to official news, the tokenization infrastructure provider Ctrl Alt has announced the launch of the second phase of the Dubai real estate tokenization project in collaboration with the Dubai Land Department, which introduces a controlled secondary market trading function for tokenized real estate assets.

The pilot phase of the project has tokenized ten properties, with a total value exceeding $5 million. Approximately 7.8 million tokens issued during the pilot phase can now be resold in a controlled secondary market environment, thereby expanding access and liquidity in the Dubai real estate market.

The secondary trading phase aims to assess market efficiency and operational readiness while enhancing transparency, governance, and investor protection. Transactions will be conducted within the regulatory pilot framework of the project distribution platform to ensure transaction integrity and align with existing land registration processes. All on-chain transactions during this phase will continue to be executed on the XRPL and secured by Ripple Custody.