Ctrl Alt, a leading financial engineering and tokenization platform that utilizes blockchain technology, with offices in the UK and Ireland, has set up its office in Dubai UAE in DMCC ( Dubai Multi Commodities Center), after partnering with Emirates NBD. It intends to serve Dubai initially as it plans expansion into MENA region.
Launched in 2022 by Matt Ong (formerly of Morgan Stanley and Credit Suisse) to improve access to different assets through the power of tokenization, Ctrl Alt has since become one of the leaders in the tokenization space.
The company will initially focus on Dubai already partnering with Emirates NBD.
As per the press release, this expansion is driven by Dubai’s momentum and focus to accelerate the integration of tokenized assets across a variety of use cases and clients. Having already achieved significant success in the UK and Europe with $150m of assets under management, Ctrl Alt aims to replicate and expand upon this in the UAE.
The region will be led by Robert Farquhar, previously Senior Executive Officer at Prypco, a leading real estate and fractional real estate provider. Ctrl Alt has already tokenized a residential house in the UK and will look to further innovation of the real estate industry and other asset classes in Dubai and beyond.
Founder and CEO, Matt Ong stated, “ “The momentum in Dubai has been remarkable, making it a natural choice for our third office. Dubai is going to be at the forefront of tokenization and I’m thrilled for Ctrl Alt to be part of that journey. With Robert’s experience and his proven track record in the region, we look forward to deepening our presence and working more closely with our clients here.”
Robert Farquhar added, “Joining and launching Ctrl Alt in Dubai is an incredible opportunity. Ctrl Alt has already paved the way for tokenizing real-world assets in the UK and Europe. Their expertise in financial engineering, combined with cutting-edge technology, is exactly what Dubai needs to further its ambitions as a leader in this space.”
This comes at the heels of an announcement by Xalts, a UAE based Fintech firm specializing in tokenization, collaboration with Avalanche to bring more enterprise-grade real world asset tokenization solutions for institutions.
