{"id":70722,"date":"2026-02-04T00:01:32","date_gmt":"2026-02-04T00:01:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=70722"},"modified":"2026-02-04T00:01:32","modified_gmt":"2026-02-04T00:01:32","slug":"uae-puts-diamonds-on-the-xrp-ledger-280-million-now-on-chain","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=70722","title":{"rendered":"UAE Puts Diamonds On The XRP Ledger: $280 Million+ Now On-Chain"},"content":{"rendered":"
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Ripple says more than AED 1 billion (over $280 million) of certified polished diamonds held in the United Arab Emirates have been tokenized on the XRP Ledger, in a deal that ties a high-value physical inventory to on-chain issuance, custody, and (eventually) secondary-market rails.<\/p>\n

The initiative, announced Tuesday by Billiton Diamond and Ctrl Alt, is pitched as an end-to-end tokenization effort for certified polished diamond inventory in the Dubai market<\/a>, one that is designed to make provenance, grading, and ownership history verifiable before a transaction, while compressing settlement and operational workflows that have historically relied on offline certification and paper-heavy transfer processes.<\/p>\n

XRP Ledger Powers Dubai Tokenization Push<\/h2>\n

According to the companies\u2019 press release, Ctrl Alt has already tokenized more than AED 1 billion in diamonds, with tokens minted on the XRP Ledger. The partners said the network was selected for \u201cfast settlement, low fees, and scalable architecture,\u201d while the tokenized assets are secured through Ripple\u2019s \u201centerprise-grade custody technology.\u201d<\/p>\n

Reece Merrick framed<\/a> the move as a proof point that custody and auditability are central to institutional-grade commodity tokenization. \u201cThis initiative shows how Ripple\u2019s technology can bridge the gap between physical assets and the digital economy, utilising our enterprise-grade custody solution to secure high-value diamond assets with unrivalled trust and security,\u201d Merrick wrote on X.<\/p>\n

He added that the firms were \u201cproviding the infrastructure needed to move physical commodities on-chain at scale,\u201d calling it \u201ca significant leap forward for the future of commodities tokenization.\u201d Notably, the firms first announced their partnership<\/a> in July last year.<\/p>\n

Billiton, which the release describes as a leader in rough diamond auctions using a Vickrey auction model, said the collaboration is intended to expand into tokenized polished diamond sales phases. The planned platform would embed real-time inventory management and certification data on-chain, enabling verification of origin, grading, and ownership history before trades.<\/p>\n

The firms also pointed to future \u201csecondary market readiness\u201d workstreams: custody, transfer, and market participation, implying the tokens are being structured not just as a digitized record, but as infrastructure for distribution.<\/p>\n

The press release said the next stages are subject to regulatory approval by Virtual Assets Regulatory Authority (VARA)<\/a> prior to launch. That detail matters: the partners are explicitly positioning the effort as compliant market infrastructure, not a one-off proof of concept.<\/p>\n

Jamal Akhtar argued the core unlock is liquidity and time-to-cash in a market where diamonds have traditionally been operationally complex to finance and transfer.<\/p>\n

\u201cThis partnership transforms polished diamonds from a traditionally illiquid asset class into a transparent, investable digital asset that supports manufacturers, brands, and investors alike,\u201d Akhtar said. \u201cTokenization introduces an unprecedented level of transparency, unlocking the potential for new liquidity, shortening working capital cycles for manufacturers and traders, and opening the door to seamless global participation in Dubai\u2019s growing luxury ecosystem.\u201d<\/p>\n

The announcement also credits DMCC with connecting stakeholders and helping build the ecosystem for diamond tokenization, with Ahmed Bin Sulayem describing DMCC as a \u201cbridge between commodities, capital and next-generation digital markets,\u201d and pointing to coordination with VARA as part of the framework underpinning the rollout.<\/p>\n

Ctrl Alt\u2019s Robert Farquhar said: \u201c\u200dBilliton needed robust, institutional-grade infrastructure to handle the complexity and scale of its polished diamond supply. Our proven tokenization expertise and technology provide a clear, secure, and compliant route for diamond ownership to move on-chain, from asset origination to digital market participation. This establishes a more accessible and operationally efficient model for commodity investment in the UAE.\u201d<\/p>\n

At press time, XRP traded at $1.60.<\/p>\n

\"XRP<\/div>\n","protected":false},"excerpt":{"rendered":"

Ripple says more than AED 1 billion (over $280 million) of certified polished diamonds held in the United Arab Emirates have been tokenized on the XRP Ledger, in a deal that ties a high-value physical inventory to on-chain issuance, custody, and (eventually) secondary-market rails. The initiative, announced Tuesday by Billiton Diamond and Ctrl Alt, is […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-70722","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/70722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70722"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/70722\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}