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Ripple is implementing custodial infrastructure as part of the real estate tokenization initiative spearheaded by the Dubai government and is in the process of securing a European license under the MiCA regulation.
Ripple Labs, a prominent provider of enterprise blockchain solutions for digital assets, is broadening its footprint in key jurisdictions. The firm has entered into a partnership with the Ctrl Alt platform to create an institutional-grade digital asset custody solution for the real estate tokenization project led by the Dubai Land Department (DLD).
In alignment with this initiative, tokens that signify property ownership will be generated on the public XRP Ledger (XRPL). To engage in the project, Ripple has already secured a payment service license in Dubai, along with approval from the Dubai Financial Services Authority (DFSA) for utilizing RLUSD within the Dubai International Financial Centre (DIFC) as part of the government-led real estate tokenization effort.
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Importantly, Ripple is actively enhancing its presence throughout the Middle East via collaborations with Zand Bank and the FinTech firm Mamo.
Concurrently, Ripple is making strides in Europe, where the Markets in Crypto-Assets (MiCA) regulation, which establishes standardized criteria for crypto-asset service providers (CASP), has recently been enacted. The company has registered a subsidiary, Ripple Payments Europe S.A., in Luxembourg and has revealed intentions to acquire a CASP license.
Ripple’s initiative seeks to facilitate the issuance and circulation of stablecoins, the provision of custodial services, and the support of digital asset transactions within the European Union. Analysts suggest that obtaining CASP status will enable Ripple to expand RLUSD and its institutional offerings throughout the European market.
RLUSD, Ripple’s stablecoin, was introduced in late 2024 and, as of July 16, 2025, boasts a market capitalization surpassing $517 million.
Сообщение Ripple Expands Digital Asset Presence in Dubai and EU появились сначала на CoinsPaid Media.
