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DUBAI LAND DEPARTMENT LAUNCHES TOKENIZED REAL ESTATE INITIATIVE ON XRP LEDGER
The Dubai Land Department (DLD) has officially launched a landmark initiative in partnership with Ctrl Alt, aimed at transforming real estate investment through blockchain-based tokenization on the XRP Ledger.
Ctrl Alt and DLD Launch Real Estate Tokenization Project
Ctrl Alt has officially launched its tokenization partnership with the Dubai Land Department (DLD) for the Real Estate Tokenization Project, marking a significant step forward in property investment innovation within the Emirate.
This initiative, developed in collaboration with the Virtual Assets Regulatory Authority (VARA) and the Dubai Future Foundation, uses the XRP Ledger to establish a secure and compliant framework for tokenizing real estate title deeds.
Fractional Ownership Through PRYPCO Mint
By enabling fractional ownership, the project allows multiple investors to co-own properties with a minimum investment of AED 2,000 through the PRYPCO Mint platform.
This model opens the door to broader participation, especially for retail and global investors previously excluded by high capital requirements. Blockchain integration ensures that ownership records remain immutable and verifiable, reducing fraud and administrative overhead.
Blockchain Technology to Drive Transparency and Efficiency
The DLD’s implementation of blockchain technology for property registration is designed to enhance transparency, boost investor confidence, and improve operational efficiency in the real estate market.
This technological shift not only aligns with Dubai’s forward-looking stance on digital innovation but also supports the creation of a more inclusive and liquid real estate ecosystem.
Economic Impact and Long-Term Vision
The initiative is projected to help build a tokenized real estate market worth AED 60 billion ($16 billion) by 2033, in line with Dubai’s Real Estate Sector Strategy 2033 and the Emirate’s broader economic goals. The move underscores Dubai’s ambition to be a global leader in blockchain-powered real estate.
Ctrl Alt CEO Hails the Initiative
Matt Ong, CEO of Ctrl Alt, expressed strong support for the partnership, stating:
“This project has the potential to significantly broaden investor participation and truly modernize the real estate sector. It’s a new chapter for real estate ownership and investment in the region.”
The launch of this initiative signals a broader shift toward digitally-native investment solutions and may serve as a blueprint for other global cities seeking to integrate blockchain into traditional asset markets.
@ Newshounds News™
Source: Bitcoin.com
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EUROPE’S LARGEST BANK HSBC LAUNCHES FIRST-EVER CRYPTO SETTLEMENT SERVICE IN HONG KONG
HSBC has officially launched a groundbreaking crypto settlement service in Hong Kong, marking a significant shift in how traditional banks interact with blockchain technology.
HSBC Introduces Blockchain-Powered Settlements
Europe’s largest bank, HSBC, has introduced the first-ever crypto settlement platform in Hong Kong, simplifying digital asset transactions for corporate clients. In a press release on May 22, the $3 trillion financial institution announced that users can now settle transactions using tokenized fiat deposits, boosting speed and lowering costs.
The platform instantly converts fiat deposits into digital tokens, enabling faster, round-the-clock payments in both Hong Kong dollars and U.S. dollars. This service is initially available only to Hong Kong clients, but HSBC has revealed plans to expand across Asia and Europe by late 2025.
A Historic First Transaction with Ant International
HSBC’s digital asset settlement service went live with a pioneering transaction involving Ant International, an affiliate of Alibaba Group Holdings. Ant used its treasury management system to initiate the payment, which was tokenized and settled instantly via HSBC’s distributed ledger technology (DLT) platform.
The two companies also successfully tested Ant’s Whale platform, a digital treasury and tokenization tool, highlighting their ongoing collaboration in fintech innovation.
HSBC’s Vision: Bridging Traditional and Digital Finance
Lewis Sun, HSBC’s Global Head of Domestic and Emerging Payments, hailed the development as a powerful example of tokenized finance merging seamlessly with traditional systems. He described Hong Kong as a global innovation hub and praised the city’s proactive regulatory environment in supporting digital transformation.
Sun stated:
“This service reflects how tokenized deposits can modernize payments, improving efficiency while maintaining trust.”
Hong Kong’s Aggressive Push Toward Crypto Leadership
The launch comes amid Hong Kong’s broader ambition to position itself as a global crypto hub. Recent initiatives include:
- Issuing licenses to four new crypto exchanges, including DFX Labs and Accumulus Global
- Accepting Bitcoin and Ethereum as part of wealth disclosures for immigrant visas
- Passing a stablecoin bill in May requiring issuers to obtain operational licenses from the HKMA
These developments further highlight the region’s progressive stance on digital assets and its commitment to attracting global crypto innovation.
@ Newshounds News™
Source: The Cryoto Basic
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XRPTURBO: THIS XRP PROJECT AIMS TO ACCELERATE RIPPLE DEFI REVOLUTION AS LIQUID STAKING GOES LIVE, SET TO LAUNCH AI AGENT LAUNCHPAD
XRPTurbo is emerging as a powerful new force on the XRP Ledger (XRPL), aiming to redefine the ecosystem through an innovative blend of DeFi and AI technology. As the broader crypto market surges, XRPTurbo is positioning itself as the go-to hub for staking, governance, and decentralized automation within the Ripple ecosystem.
XRPTurbo’s Meteoric Growth and Token Surge
Since its oversubscribed presale, XRPTurbo has achieved major milestones. Its native token, $XRT, has surged more than 350% post-launch, with listings secured on Bitmart and XPmarket, and visibility on CoinGecko, with a CoinMarketCap debut expected soon.
The rapid ascent is fueled by a growing community, strategic partnerships, and strong developer engagement—solidifying XRPTurbo as a serious contender within XRP’s evolving DeFi landscape.
High-Yield Liquid Staking Goes Live
XRPTurbo’s liquid staking protocol is now live, offering up to 25% APY for users simply holding $XRT in supported wallets like Xaman. The key innovation: tokens remain fully liquid and transferable, sidestepping the usual lockup periods seen in traditional staking systems.
Already, more than 40% of the total 100 million $XRT supply is staked, showcasing growing investor confidence and strong platform engagement.
Coming Q2: XRPL’s First AI Agent Launchpad
In Q2 2025, XRPTurbo will unveil the first AI Agent Launchpad on XRPL. This decentralized automation tool will allow developers to create intelligent agents—self-operating bots capable of managing trades, executing smart contracts, and analyzing data autonomously on-chain.
This innovation is set to bring real-time, 24/7 automation to XRPL and will play a crucial role in enabling next-gen Web3, DeFi, and tokenization projects to thrive on Ripple’s high-speed, low-cost network.
Community-Driven Governance and Early Access Perks
XRPTurbo isn’t just a tech platform—it’s a governance-enabled ecosystem. With the forthcoming Governance & Launchpad DApp, $XRT holders will gain the power to vote on protocol upgrades, project listings, and funding allocations.
Moreover, $XRT unlocks exclusive early access to new launches, including AI-driven and Real World Asset (RWA) projects. This gives holders a front-row seat—and financial advantage—as new innovations hit the XRPL.
Conclusion
With Bitcoin at all-time highs and DeFi rapidly expanding, XRPTurbo is carving out a distinctive niche where AI meets decentralized finance. It’s not just another project—it’s shaping the future of DeFi on XRPL.
Explore liquid staking, participate in governance, and access tomorrow’s projects today.
Buy $XRT on Bitmart or XPmarket, and learn how via this quick guide: How to Buy $XRT
@ Newshounds News™
Source: CryptoDaily
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