A significant milestone is set to unfold on the XRP Ledger as Dubai-based DAMAC Properties partners with CryptoTradingFund to introduce cryptocurrency rewards in real estate transactions.
This collaboration, which takes effect on June 23, 2025, is expected to bring significant transaction volumes to the XRP Ledger.
According to a post on X by JackTheRippler, a recognized figure within the XRP community, DAMAC will be integrated into CryptoTradingFund’s payment rewards framework.
The arrangement allows buyers who use Bitcoin or Ethereum for property purchases to receive a 0.5% reward in CTF tokens. These tokens will be distributed through the XRP Ledger, offering a fast and secure channel for reward delivery.
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With this decision, a leading property developer is the first to use blockchain to reward customers. DAMAC has currently delivered 48,000 homes and has prepared plans for an additional 50,000 units. The deal brings blockchain benefits to real estate on a massive new scale.
Dollar Connects and GameStop are investigating the possibility of allowing customers to use CTF tokens to make their full property payments. Once this is implemented, people could use XRP Ledger to settle real estate purchases and receive rewards.
🚨BIGGEST REAL ESTATE DEAL EVER ON THE #XRP LEDGER HAPPENING JUNE 23RD!!! DUBAI REAL ESTATE GIANT THAT HAS 48,000 HOMES AND HAS MORE THEN 50,000 UNITS IN PLANNING IS JOINING THE TOP PAYMENT REWARDS TOKEN ON XRP LEDGER AND MAY SOON ACCEPT THEM AS PAYMENT!!!
THE ANNOUNCEMENT IS… pic.twitter.com/k0Kttz3Crd
— JackTheRippler ©️ (@RippleXrpie) May 30, 2025
CTF Tokens Poised to Play a Larger Role in Property Transactions
The two firms are actively discussing the possibility of using CTF tokens for full payments. This development could reshape how digital assets interact with real-world property ownership in Dubai’s luxury market.
Industry observers have noted strong reactions from the XRP community following the announcement, viewing it as a major step toward broader adoption and increased transaction value on the network.
Aligning onboarding with blockchain fits with the broader industry’s efforts to incorporate this technology.
The goal is to ensure that deals involving large amounts of money are processed more efficiently and openly. Thanks to the XRP Ledger, CTF can give instant rewards after a transaction is confirmed, leading to trust and no delays.
CTF emphasized that its blockchain-based incentives are secure and scalable. This partnership marks the first step toward joining the real estate and digital asset worlds.
The CTF framework will be introduced to DAMAC Properties on June 23, 2025. Further developments are projected as the two companies work on expanding the scope of the project.
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