UAE regulated Ctrl Alt authorized in UK for tokenization offering

Two months after UAE regulated UAE regulated Ctrl Alt, a tokenization provider was approved to participate in the Bank of England’s Digital Securities Sandbox and Synchronization Lab program as a Synchronization Operator (SO), it has now secured a direct authorization for the UK Financial Conduct Authority (FCA) which will enable it to offer regulated investment services and expansion of its tokenization and capabilities.

As per the press release, the authorization places Ctrl Alt Ltd, a subsidiary of Alt Ltd, on the FCA’s register under the UK framework for investment firms, will enable the firm to expand its digital capital markets services, and support end to end lifecycle of tokenized assets.

Matt Ong, CEO & Founder of Ctrl Alt, said, “This authorization is an important step for Ctrl Alt and for financial innovation in the UK as a whole. It allows us to continue expanding our tokenization capabilities and support the development of more efficient and accessible financial markets.”

In both the sandbox and lab, Ctrl Alt is already exploring the use of its tokenization infrastructure for the issuance, trading, and settlement of securities, as well as testing synchronization capabilities with the Bank’s renewed real-time gross settlement service, respectively.

As of April 2026, Ctrl Alt has tokenized over $1.2 billion in assets, spanning real estate, private credit, funds, commodities and more.

In February of this year, Billiton Diamond, a Dubai based diamond management and auction services provider of rough and polished diamonds and Ctrl Alt, tokenized $280 million worth of diamonds held in the UAE secure through Ripple custody, with the aim of expanding access to diamond investment using blockchain and its power of tokenization.

Ctrl Alt is also the tokenization partner for Dubai Land Department which is tokenizing real estate using XRP Ledger Blockchain. The initiative which is being carried out alongside VARA ( Dubai’s Virtual Assets Regulatory Authority), the Dubai Future Foundation, and PRYPCO seeks to tokenize real estate to develop the future of property investment in Dubai through fractional ownership. It is projected to contribute to the growth of an AED 60 billion ($16 billion) tokenized real estate market by 2033, equivalent to 7% of Dubai’s total property transactions.

Recently The Dubai Land Department, (DLD), and Ctrl Alt, launched phase two of Dubai’s Real Estate Tokenization Project Pilot, a controlled secondary market trading capabilities for tokenized real estate assets. DLD had announced that it would be launching the secondary market previously.