ChainCatcher News, according to official sources, tokenization infrastructure provider Ctrl Alt announced the launch of the second phase of the Dubai real estate tokenization pilot project in collaboration with the Dubai Land Department, which introduces a controlled secondary market trading function for tokenized real estate assets.
During the pilot phase, ten properties were tokenized, with a total value exceeding $5 million. Approximately 7.8 million tokens issued during the pilot phase can now be resold within a controlled secondary market environment, expanding access and liquidity in Dubai’s real estate market.
The secondary trading phase aims to evaluate 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 alignment with existing land registration processes. All on-chain transactions in this phase will continue to be executed on XRPL and secured by Ripple Custody.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
IoTeX offers a 10% bounty to the cross-chain bridge hacker, demanding the return of $4.4 million worth of assets within 48 hours.
Odaily Planet Daily reports that IoTeX has announced a 10% white-hat bounty (approximately $440,000) for hackers who attack its ioTube cross-chain bridge, provided that the stolen assets of about $4.4 million are returned within 48 hours. IoTeX co-founder and CEO Raullen Chai stated that if the funds are returned, the team will not pursue legal action or disclose the hacker's identity to law enforcement.
GateNewsBot53m ago
The Ethereum Foundation established a DeFi team to promote the development of "DeFipunk."
The Ethereum Foundation has established a DeFi support team to promote the development of decentralized finance and strengthen the "DeFipunk" philosophy. Charles St. Louis has been appointed as DeFi Protocol Specialist, and Ivan as DeFi Coordinator, emphasizing that DeFi should possess features such as permissionless and censorship resistance.
GateNewsBot1h ago
Fluid Moves to Establish Foundation for Long-Term DAO Control
Token holders gain real control over Fluid’s IP and protocol decisions for the first time.
The $250K/month Foundation budget sparks debate on fair value and incentives.
Fluid aims for $50B TVL in 2026, with DEX v2, Venus Flux, and Solana growth driving expansion.
Fluid Protocol is
CryptoFrontNews4h ago
SBI Issues First Security Token Bond Offering Direct XRP Exposure
SBI issued JPY 10 billion on-chain security token bonds for retail investors using BOOSTRY’s “ibet for Fin” and Osaka Digital Exchange’s START trading.
Bond buyers receive XRP equal to their subscription after payment, then additional XRP on interest dates in March 2027, 2028, and
CryptoNewsFlash5h ago
VeChain Introduces ReCircleRewards to Verify and Reward Real-World Mobility
ReCircleRewards verifies mobility activity using receipt OCR normalization, duplicate checks and cross-field validation across providers.
VeChain anchors verified actions and reward records on-chain, so distribution stays transparent, tamper-resistant, and auditable for partners.
VeChain
CryptoNewsFlash5h ago
