I think this concept has already been commercialized and extensively studied. Still I am attaching a few links in the hopes it will help you understand.
It depends on the TiO2 nanoparticles you used. If you use P25 powders, ethanol is good for the dispersion. If you synthesize the TiO2 by yourself, it depends on the surface properties of your synthesized nanoparticles. In particular, you can modify the surface properties of TiO2 nanoparticle using the proper agent that helps to disperse in your paint.