John Deaton, a well-known Ripple advocate and founder of Cryptolaw, reminded him of the Crypto Ecosystem in his recent X-Post of a major move from the Ripple Ecosystem in 2012.
Ripple’s lawyers highlighted the major XRPL features that have long been neglected by the Crypto community after a recent announcement from the Lands Division of Dubai.
According to him, XRPL features important designs that are specially tailored to the tokenization of RWA without leaving the property behind.
DLD launches the first real estate tokenization platform with XRPL
Deaton’s posts about the major XRPL Defi features were triggered by a recent move from the Land Sector (DLD) of Dubai. A few hours ago, DLD revealed that it had launched its first real estate tokenization platform in its XRP ledger.
This major development of the XRP ledger will provide residents within the Dubai region with the opportunity to purchase a portion of the property in the form of stocks. This allows you to invest in the desired property even if you can’t afford the entire property. This will increase access to the real estate market through blockchain innovation.
According to real estate agencies, the move marks a major milestone for the $16 billion vision of real estate tokenized by 2033. As a leading player in the real estate ecosystem, collaboration with DLD positions the Ripple ecosystem for more awareness and widespread adoption.
While many people seem unrecognized this unusual XRPL feature, Deaton emphasized that this development further demonstrates XRPL’s ability to tokenize real estate. Nevertheless, Deaton confirmed that XRPL is an old leader in Defi innovation with the powerful ability to promote RWA tokenization.
What people don’t realize is that XRPL, created in 2012, has the world’s first DEX and was designed to tokenize RWAs such as real estate. https://t.co/hbselv9akm
– John E Deaton (@Johnedeathon1) May 26th,
Deaton further stated that the world’s first Dex was pioneered through the launch of XRPL in 2012, highlighting XRPL’s strong foothold in the Defi Ecosystem.
Following this major adoption in XRPL, Ripple’s native token, XRP, is set for greater market participation and drives the price of continuous growth in the long run.
