XRP Ledger Secures $280M Diamond Tokenization

Ripple empowers the diamond tokenization on the XRP Ledger, totaling $280million. Billiton Diamond and Ctrl Alt of the  UAE are taking luxury assets on-chain with enterprise custody.

Dubai is undergoing a significant change in the high-end asset market. In a pioneering step, Billiton Diamond and Ctrl Alt tokenized over two hundred and eighty million dollars worth of confirmed polished diamonds on the XRP Ledger blockchain.

The tokenized diamond inventory is cemented by Ripple’s enterprise-grade custody product. This way, traditionally illiquid luxury assets will be made into digital investments. Such a combination of commodity trading and blockchain technology makes Dubai a pioneer in the industry

$280M Diamond Inventory Moves Onchain

The initial stage of tokenization was finished by Billiton Diamond and Ctrl Alt. Diamonds valued at over AED 1 billion of polished diamonds are now on the blockchain. These tokens are stored on the XRP Ledger, as the fast settlement and low-fee nature were selected.

Reece Merrick on X writes that Ripple is in this venture with Billiton Diamond and Ctrl Alt. The Managing Director of Middle East and Africa emphasized that Ripple technology fills in the gap between the physical assets and the digital economy. Enterprise-grade custody provides high-value diamond holdings with security.

Ripple is proud to support Billiton Diamond and @CtrlAltCo who have tokenized over AED 1 billion ($280m) of certified polished diamonds on the XRPL.

This initiative shows how @Ripple’s technology can bridge the gap between physical assets and the digital economy, utilising our…

— Reece Merrick (@reece_merrick) February 3, 2026

Source: Reece_merrick

The project tokenization provider is Ctrl Alt. The company already tokenized more than 850 million of assets in real property and commodities. According to Robert Farquhar, CEO MENA of Ctrl Alt, the platform provides institutional-level infrastructure to the multifaceted diamond supply chain.

Blockchain Transforms Dubai’s Diamond Trade

The tokenized platform incorporates inventory management on the blockchain in real time. Every transaction is verified by the stakeholders in terms of the source, grading, and ownership history. Experts polish every stone and store the certification data on-chain to ensure transparency.

Jamal Akhtar, a joint owner of Billiton Diamond, clarified that the venture converts refined diamonds into digital assets for investment. The tokenization opens up liquidity and reduces working-capital cycles. The platform makes the world a participant in the luxury ecosystem of Dubai.

DMCC was very instrumental in facilitating this venture. The business district had provided business advice and industry support regarding diamond tokenization. As DMCC CEO, Ahmed Bin emphasized that the cooperation shows that digital innovation can even transform the physical trade of diamonds.

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Secondary Markets and Regulatory Framework Ahead

The successive stages will revolve around custody, transfer, and secondary-market preparedness. Billiton will also list tokenized diamonds in secondary and developing primary markets. The Virtual Assets Regulatory Authority has to approve all operations prior to launch.

The project is consistent with the latest developments of VARA regulations. The framework in Dubai encourages digital resources to fit conventional commodity-trading standards. This partnership opens the door to valuable commodity tokenization at a massive level.

The scalable structure of the XRP Ledger allows managing diamond assets easily. The blockchain manages complex ownership transfers with verified certification. Asset tokenization of real estate into luxury commodities is growing in reality.