DLD-25-TRE-HSMB-M, issued by Ctrl Alt Solutions FZCO, is a tokenized real-estate fund interest that represents fractional ownership of the Dubai property Executive Residences Building 1, Hadeeq Sheikh, held through a dedicated legal vehicle. [S1][S2]

Holders receive economic exposure to the underlying Dubai real-estate asset, Executive Residences Building 1, Hadeeq Sheikh, through shares in a separate legal vehicle in which investors are shareholders, with the asset held by that vehicle rather than by Ctrl Alt. [S1][S3] Returns derive from the underlying property with capital at risk. [S4] Fees are disclosed on the platform and in trade confirmations, and may include transfer, registration, exchange, settlement, and stamp duty or other fiscal liabilities. [S5]

Ctrl Alt Solutions FZCO is registered in Dubai through the DMCC (No. DMCC199928) and licensed by Dubai's Virtual Assets Regulatory Authority (VARA) for Broker Dealer and Issuer Services since May 24, 2025, under VASP Licence VL/25/05/002. [S4] The holder's claim is structured through a dedicated vehicle in which investors become shareholders, with the asset held separately from Ctrl Alt so the issuer has no claim to it. [S1][S3] Access is restricted to professional or institutional investors. [S1][S4] No guaranteed redemption mechanism applies, and investors may be required to hold for an indefinite period. [S5] Digital-asset custody for UAE real-estate title-deed projects is provided through Ripple's institutional-grade custody technology. [S6]

The token is issued on the XRP Ledger (XRPL), used for Dubai Land Department real-estate title deeds. [S6] Ctrl Alt mints onchain issuance and performs real-time onchain cap-table management, with settlement via onchain transactions and smart contracts enabling immediate transfers and trades. [S7][S3]

<Sources
  retrievedAt="2026-06-19"
  items={[
    { id: "S1", url: "https://www.ctrl-alt.co/faq" },
    { id: "S2", url: "https://www.ctrl-alt.co/press-releases/billiton-ctrl-alt-diamond-tokenization" },
    { id: "S3", url: "https://www.ctrl-alt.co/for-asset-managers/asset-owners" },
    { id: "S4", url: "https://www.ctrl-alt.co/compliance-hub" },
    { id: "S5", url: "https://www.ctrl-alt.co/terms-and-conditions" },
    { id: "S6", url: "https://www.ctrl-alt.co/press-releases/ripple-expands-global-custody-footprint-into-middle-east-with-ctrl-alt" },
    { id: "S7", url: "https://www.ctrl-alt.co/" },
  ]}
/>


# Asset holders methodology

## 1. Overview

Asset holders is measured as the number of unique addresses that hold a non-zero balance of a project’s assets. This metric is used by investors to track the expansion or contraction of the asset holder base over time. Data is aggregated daily for each tracked asset across all supported blockchain networks.

## 2. Data sources

- **EVM chain data**: Ledger state and ERC-20 `Transfer` events, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others).
- **Solana instructions**: SPL token account data and transfer instructions.
- **Other chain types**: Account and balance data from Aptos, Near, and Polkadot Asset Hub.
- **Asset metadata**: Token contract addresses and decimal precision retrieved from asset metadata.

## 3. Step-by-step calculation

### Component A: Address balance identification

- **Purpose**: Identify all unique addresses associated with a specific token and determine their current holdings.
- **Logic**: For EVM-compatible chains, balances are derived by parsing ERC-20 `Transfer` events or by querying the ledger state for all addresses that have interacted with the token contract. On Solana, account balances are retrieved from the SPL token program. Similar account-based balance records are extracted for Aptos, Near, and Polkadot Asset Hub to identify the population of potential holders.
- **Key fields**: `token_address` (the contract address of the asset), `address` (the unique identifier of the holder), `timestamp` (the time of the state record).

### Component B: Normalization and non-zero filtering

- **Purpose**: Ensure token amounts are accurate and exclude addresses that no longer hold the asset.
- **Logic**: Decimal precision is retrieved from token metadata for each asset. All raw amounts are normalized by decimal precision. A filter is applied to exclude any address where the resulting balance is zero. Only addresses with a positive balance are retained for the final count.
- **Key fields**: `amount` (the normalized quantity of tokens held), `decimals` (the precision factor for the asset).

### Component C: Daily aggregation and gap filling

- **Purpose**: Calculate the final daily count and ensure continuity in the time series.
- **Logic**: Unique addresses are counted for each asset per chain on a daily grain. The data is combined across all chains to provide a total holder count per asset. For days where no new balance changes are recorded, the metric is filled with zero values or the previous known state is maintained to ensure a continuous daily record.
- **Key fields**: `asset_holders` (the count of unique addresses), `timestamp` (the day of the observation).

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Unique addresses holding a non-zero balance of the asset.

Asset holders

Tokenized funds

Ctrl Alt structures real-world assets into special-purpose vehicles, tokenizes the economic interest on public blockchains (primarily the XRP Ledger and Solana), and handles issuance, custody, and lifecycle administration.

Ctrl Alt is a real-world-asset tokenization platform issuing tokenized alternative-asset products across the XRP Ledger and Solana.

Ctrl Alt is a UK-based tokenization infrastructure provider that gives institutions and platforms access to alternative real-world assets through a single API and custody-backed token issuance.

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Real-world asset (RWA) issuers

Ctrl Alt

Executive Residences Building 1, Hadeeq Sheikh (DLD-25-TRE-HSMB-M) is a tokenized fund share issued by Ctrl Alt through Ctrl Alt Solutions DMCC.

Each token is a direct claim on the issuer.

The fund invests in real estate in the Middle East.

Ctrl Alt Solutions DMCC is regulated under Dubai's virtual-asset regime and is supervised by the Dubai Virtual Assets Regulatory Authority.

DLD-25-TRE-HSMB-M has been issued on XRP Ledger as a XRPL issued currency token since February 2026.

Executive Residences Building 1, Hadeeq SheikhDLD-25-TRE-HSMB