Dubai: $280 million worth of diamond inventory tokenized on XRP Ledger

2026-02-12 22:10:24

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A significant advancement in the digital asset sector has occurred in Dubai as Billiton Diamond and Ctrl Alt completed a $280 million diamond inventory tokenization project. This project marks an important milestone in applying blockchain technology to manage real-world assets, according to NS3.AI.

Billiton Diamond and Ctrl Alt Complete Historic Tokenization Project

This initiative utilizes the XRP Ledger platform along with Ripple’s custody technology to issue and transfer tokens backed by actual diamonds. The diamond inventory in Dubai has now been fully digitized, allowing investors and stakeholders to trade these tokens securely and transparently. This model opens new opportunities for the global diamond market, where authenticity and traceability are crucial factors.

Ripple Technology Ensures Security of Diamond Inventory

Ripple’s custody technology plays a key role in safeguarding asset values. Each token issued is backed by real diamonds stored securely. Currently, the project is awaiting official approval from Dubai’s Virtual Asset Regulatory Authority, a vital step toward fully operationalizing this tokenized inventory.

XRP Ledger: A New Trend in Physical Asset Tokenization

The success of this diamond tokenization project reflects the growing trend of using XRP Ledger for physical asset tokenization applications. From diamonds to other assets, this platform is becoming the preferred choice for organizations seeking to convert traditional assets into digital tokens. Dubai, as a global financial hub, has become an ideal launchpad for innovative blockchain projects like this.

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