This post was originally published on The FinTech Times
Ctrl Alt, a tokenisation infrastructure provider, and the Dubai Land Department (DLD) have launched Phase Two of Dubai’s Real Estate Tokenisation Project Pilot.
This new phase introduces controlled secondary market trading capabilities for tokenised real estate assets.
Building on early success
The rollout builds on the successful first stage of the pilot, during which ten properties were tokenised. These properties represent more than $5million (AED 18.5million) in real estate value. Now, approximately 7.8 million tokens issued during that initial phase will be eligible for resale within a controlled secondary market environment.
According to the announcement, the secondary trading phase is designed to evaluate market efficiency and operational readiness. It also aims to strengthen transparency, governance, and investor protections.
Trading will occur within a regulated pilot framework on the project’s distribution platform to ensure transaction integrity and alignment with existing land registry processes. All on-chain transactions in this phase will continue to be executed on the XRP Ledger (XRPL) and secured by Ripple Custody.
The underlying infrastructure
As the tokenisation infrastructure partner for the project, Ctrl Alt minted and issued the original title deed ownership tokens during Phase One. Moving into Phase Two, the firm is deploying the secondary market functionality.
Because Ctrl Alt is directly integrated with
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