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
Marc Zeller's ACI will exit Aave in July
Gate News bot message: According to The Block, ACI (Aave Chan Initiative), led by Marc Zeller, will exit Aave in July due to governance conflicts. ACI has previously been involved in governance work for the Aave protocol.
GateNews10m ago
Goodbye EVM? Vitalik is about to perform a "heart surgery" on Ethereum
Ethereum developers tend to bypass the EVM and adopt precompiled contracts for new cryptographic operations. Vitalik Buterin proposed enhancing Ethereum's versatility by changing the state tree and virtual machine, suggesting replacing the current state tree with a binary tree and using the RISC-V architecture instead of the EVM in the long term. However, the Arbitrum team opposed this, arguing that WASM should be used as the contract delivery format. This proposal reflects Ethereum's re-evaluation of its core capabilities, and future changes will still require broad consensus.
PANews39m ago
Northern Trust Enters Tokenized Treasury Market With BNY
Northern Trust Asset Management (NTAM) has taken a fresh step into blockchain finance. On March 2, the firm launched a tokenized share class of its NIF Treasury Instruments Portfolio. The move brings one of traditional finance’s biggest players into the fast-growing tokenized assets space. NTAM
Coinfomania39m ago
Citrea Foundation Launches to Strengthen Bitcoin’s Programmable Layer
The Citrea Foundation, launched on March 2, 2026, aims to enhance Bitcoin’s application layer through research, grants, and decentralized governance, focusing on interoperability and scaling Bitcoin's utility beyond just a store of value.
ICOHOIDER47m ago
Ethereum Could Accelerate Faster Than Expected — Vitalik Backs AI “Vibe Coding”
A recent idea that was brought into the limelight by Vitalik Buterin is that of vibe coding. This model is based on AI to write code based on prompted intuition. The developers do not write complicated logic manually; instead, they provide direction to AI. The system also generates working code
Coinfomania1h ago
Vitalik Details Ethereum Block Building Overhaul Plan
Vitalik Buterin proposed changes to Ethereum's block building process, including ePBS, FOCIL, and encrypted mempools, to reduce centralization, enhance censorship resistance, and address transaction risks ahead of the Glamsterdam upgrade.
CryptoFrontNews2h ago
