Ah, the grand theater of finance! On a chilly Friday, February 20, Reece Merrick, a high-ranking priest in the temple of Ripple, unveiled a spectacle on the XRP Ledger-a tale of tokenized properties dancing in the desert sands of Dubai. The Dubai Land Department, ever the eager acolyte, has joined this carnival of capitalism, marching to the drumbeat of “real-world asset adoption.”
In a triumphant X post, Merrick proclaimed with the fervor of a street preacher:
Thrilled to see Phase Two launch for Dubai @Land_Department Real Estate Tokenization Project! Building on the pilot, controlled secondary market trading is now live for tokenized properties on the XRP Ledger, secured by @Ripple Custody via our partner @CtrlAltCo.
This is massive…
– Reece Merrick (@reece_merrick) February 20, 2026
Ah, “massive”-a word as overused as a broken plow in a peasant’s field. Yet, here it stands, a monument to the ambitions of men who dream of turning bricks and mortar into digital gold. This grand unveiling follows the second act of Dubai’s tokenization drama, a collaboration with Ripple Custody and Ctrl Alt, the wizards of tokenization infrastructure.
Dubai’s tokenized real estate goes live on XRP Ledger
Merrick, ever the showman, emphasized that this phase introduces “controlled secondary market trading”-a phrase as convoluted as a bureaucrat’s apology. Investors, it seems, can now resell fractional ownership stakes, all within the cozy confines of regulation. How quaint!
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But fear not, dear reader, for this is no mere sideshow. Phase two builds upon a pilot where 10 properties, worth over $5 million, were tokenized. And lo, 7.8 million tokens, born of this experiment, are now ripe for resale-a move to “expand liquidity,” they say, as if liquidity were a parched desert thirsting for rain.
Ripple, ever the benevolent overseer, ensures all transactions are etched onto the XRP Ledger, secured by their custody infrastructure. Transparency, governance, investor protections-the buzzwords fly like pigeons in a square, each one more hollow than the last.
Ctrl Alt, Ripple’s partner in this digital crusade, has integrated its tokenization engine with Dubai’s land registry. Title deeds, once the domain of dusty offices, now live on-chain. Progress, they call it-though one wonders if it’s progress or merely a new way to lose one’s shirt in the sands of speculation.
And so, Dubai strides forward, a beacon of tokenization, positioning itself as the global standard for tokenized real estate. Yet, as the curtain falls on this act, one cannot help but smirk. For in this grand theater of finance, the players change, but the game remains the same-a dance of greed, ambition, and the eternal hope of striking digital gold.
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2026-02-20 16:59