In a groundbreaking move, Dubai has taken a major step into the future of real estate by launching its first tokenized property platform, and notably, it chose the XRP Ledger (XRPL) over Bitcoin to power this ambitious initiative. Earlier this week, the Dubai Land Department (DLD) unveiled Prypco Mint, a pioneering tokenized real estate platform created through a collaboration with Prypco, the Dubai Future Foundation, Ctrl Alt, and the Virtual Assets Regulatory Authority. This innovative system allows investors to gain fractional ownership of Dubai properties by purchasing digital shares tied to real-world assets. The minimum investment starts at just 2,000 dirhams (around $540), opening the door to a wide range of participants. What’s striking is that Ctrl Alt, the technology partner behind this platform, selected XRPL as the blockchain backbone, not Bitcoin, despite its global recognition. This decision sparked heated discussions across the crypto space, with many wondering why Dubai’s government bypassed the original cryptocurrency for this $16 billion project projected to flourish by 2033. Six Key Reasons Dubai Chose XRPL Over Bitcoin To shed light on the choice, crypto analyst and social media figure John Squire offered a clear breakdown , pointing to six critical advantages that gave XRPL the upper hand. Lightning-Fast Transactions: Squire emphasized that XRPL’s transaction speed was a decisive factor. The XRP Ledger can finalize transactions in just 3–5 seconds, a stark contrast to Bitcoin’s sluggish confirmation times, which can range from 10 minutes to an hour. For a dynamic real estate platform handling countless microtransactions, speed is everything. Why did Dubai choose #XRP over #Bitcoin to tokenize $16B in real estate? Spoiler: It’s not hype, it’s brutal efficiency. pic.twitter.com/rOVCglEz0b — John Squire (@TheCryptoSquire) May 26, 2025 Minimal Transaction Costs : Cost efficiency played another crucial role. While Bitcoin transactions can incur notable fees, XRP transactions cost just a fraction of a cent. Squire highlighted that this ultra-low fee structure makes XRPL ideal for a high-volume system like fractional real estate trading, where every cent matters. Superior Scalability : When it comes to scaling, XRPL outperforms Bitcoin by a wide margin. Squire pointed out that XRPL can process up to 1,500 transactions per second, compared to Bitcoin’s limit of about seven per second. This scalability ensures the platform can handle massive future demand, aligning with Dubai’s long-term vision for a large-scale, tokenized property market. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Eco-Friendly Infrastructure : Sustainability is central to Dubai’s development agenda, and here, XRPL shines. Unlike Bitcoin’s proof-of-work mechanism, which relies on energy-hungry mining operations, XRPL uses a consensus protocol that’s energy-efficient and environmentally friendly. Squire explained that this green approach aligns perfectly with Dubai’s push toward eco-conscious innovation. Institutional Compatibility : According to Squire, Ripple — the company behind XRP — has spent years building bridges with banks, regulators, and government agencies worldwide. This track record of institutional engagement made XRPL a natural fit for Dubai’s government-backed project. By contrast, Bitcoin, while popular among retail investors, lacks the same level of institutional alignment and is often seen as less adaptable for large-scale, regulated initiatives. Diverse, Proven Use Cases : Lastly, Squire pointed to XRPL’s broad utility across sectors like cross-border payments, stablecoin issuance, central bank digital currencies (CBDCs), and asset tokenization. While Bitcoin is predominantly regarded as a store of value, XRPL offers proven technical infrastructure for tokenization, making it the clear winner for a project centered on digital property shares. The Bottom Line: Utility Over Ideology Squire summed it up simply: major government-backed projects prioritize practical utility over ideological appeal. “Dubai chose XRP because it’s fast, cheap, scalable, energy-efficient, and institution-ready,” he explained. With the Dubai real estate tokenization market expected to swell to $16 billion by the next decade, the decision to use XRPL marks a powerful endorsement of the blockchain’s capabilities. As global interest in tokenized real estate grows, Dubai’s move may set the standard for how governments and institutions approach blockchain adoption, prioritizing functionality, sustainability, and scalability over mere name recognition. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post $16 Billion Real Estate Tokenization: Here’s Why Dubai Chose XRP Over Bitcoin appeared first on Times Tabloid .
