A Trump-linked hotel project within the Maldives and the Dubai Land Department announced details on the tokenization of their real estate projects this week.
Companies in Dubai and the archipelago nation of the Maldives are jointly driving multi-million dollar tokenized real estate development projects.
On Friday, the Dubai Land Department announced that it will launch the second phase of an actual estate tokenization pilot program. The move followed the tokenization of about $5 million value of real estate in Dubai, which enabled the resale of about 7.8 million tokens.
Source: Reece Merrick, Ripple Labs Managing Director for the Middle East and Africa
The tokenization infrastructure partner for the pilot called Ctrl Alt, which can be licensed as a Virtual Asset Service Provider in Dubai, will issue “Asset-Referenced Virtual Asset Management Tokens” to facilitate the transfer of the tokens to secondary markets.
According to Ctrl Alt, all on-chain transactions for the actual estate tokens are recorded on the XRP ledger and secured by Ripple Custody.
The Dubai Land Department predicted in May 2025 that the tokenization project could generate roughly $16 billion by 2033, representing 7% of the jurisdiction's total real estate transactions.
Some experts say Dubai's real estate market and crypto-friendly regulatory environment set the emirate aside from other jurisdictions worldwide.
Trump's hotel deal within the Maldives can be said to be symbolized
Ctrl Alt's announcement got here days after real estate development company DarGlobal and World Liberty Financial, a crypto firm backed by US President Donald Trump and his sons, announced plans to symbolize the event phase of a Trump-branded resort within the Maldives.
The tokenization contract is carried out in collaboration with financial technology company Securitize.
“We definitely see this as an adoption of the best way other projects are financed,” DarGlobal CEO Ziad El Chaar told Cointelegraph, adding:
“[Tokenization] will open the door to many more investors who would really like to take part in real estate investing but should not have access to it today.”
World Liberty announced the deal on Wednesday at a cryptocurrency-focused event at Trump's Mar-a-Lago estate.
Participants included traditional financial players similar to Goldman Sachs CEO David Solomon, crypto industry representatives including Coinbase CEO Brian Armstrong, and Senators Ashley Moody and Bernie Moreno.
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