UAE’s Ctrl Alt wins FCA nod to expand tokenization

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, which will enable the firm to expand its digital capital markets services and support the 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.

Ctrl Alt has already tokenized over $1.2 billion in assets

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, secured 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 the Dubai Land Department, which is tokenizing real estate using the XRP Ledger Blockchain. The initiative, which is being carried out alongside Dubai’s Virtual Assets Regulatory Authority (VARA), 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.