Ripple is deploying custodial infrastructure as part of Dubai’s government-led real estate tokenization initiative and is preparing to obtain a European license under the MiCA regulation.
Ripple Labs, one of the leading providers of enterprise blockchain solutions for digital asset use, is expanding its presence in strategically important jurisdictions. The company signed an agreement with the Ctrl Alt platform to establish an institutional-grade digital asset custody solution for the real estate tokenization initiative led by the Dubai Land Department (DLD).
As part of the initiative, tokens representing property ownership will be issued on the public XRP Ledger (XRPL). To participate in the project, Ripple already obtained a payment service license in Dubai, as well as approval from the Dubai Financial Services Authority (DFSA) for the use of RLUSD within the Dubai International Financial Centre (DIFC) under the government-led real estate tokenization initiative.
Notably, Ripple is actively strengthening its presence across the Middle East through partnerships with Zand Bank and FinTech company Mamo.
At the same time, Ripple is expanding in Europe, where the Markets in Crypto-Assets (MiCA) regulation, which sets unified standards for crypto-asset service providers (CASP), recently came into effect. The company registered a subsidiary, Ripple Payments Europe S.A., in Luxembourg and announced plans to obtain a CASP license.
Ripple’s initiative aims to enable the issuance and circulation of stablecoins, the provision of custodial services, and the facilitation of digital asset transactions within the European Union. Analysts believe that acquiring CASP status will allow Ripple to scale RLUSD and its institutional services across the European market.
RLUSD, Ripple’s stablecoin, was launched in late 2024 and, as of July 16, 2025, has a market capitalization exceeding $517 million.
