Ripple News: Custody service moves $280 million of tokenized diamonds on XRP Ledger

Ripple News: Custody service moves $280 million of tokenized diamonds on XRP Ledger

The project has already moved more than $280 million of polished diamonds on-chain in Dubai, with Ripple providing custody infrastructure as the firms work toward a regulated tokenized trading setup.

UAE Puts Diamonds On The XRP Ledger: $280M Now On-Chain

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 pitched as an end-to-end tokenization effort for certified polished diamond inventory in the Du…

Billiton Diamond and Ctrl Alt Announce $280 Million Tokenization Initiative in the UAE

Billiton and Ctrl Alt have partnered to tokenize diamonds in the UAE. The initiative launched over $280 million in tokenized diamonds. The group eyes regulatory compliance ahead of further expansion. Billiton Diamond and the Ctrl Alt tokenization firm have partnered to move over $280 million worth of certified polished diamonds on-chain in the UAE. In a Tuesday press release, the firms noted that they used Ripple’s custody technology to secure t…

Ctrl Alt To Tokenize $280M Worth Of Diamonds In XRP Ledger

Ctrl Alt will tokenize $280 million worth of polished diamonds curated by Billington Diamond in the UAE using the XRP Ledger. The company also now has $469.99 million in represented asset value in tokenized RWAs. The XRP Ledger (XRPL) is building significant momentum in real-world asset (RWA) tokenization. Recently, it has flexed its muscles once more, enabling the tokenization of over AED 1 billion ($280 million) worth of certified polished dia…

Big RWA Move: Billiton and Ctrl Alt Tokenize Over $280 Million Worth Diamonds

Tokenization of commodities sees to be an emerging trend in the booming RWA market. After all the attention that tokenized gold coin has created via XAUT, now it’s on diamonds. In a landmark initiative that bridges the centuries-old diamond trade with modern blockchain infrastructure, Billiton Diamond and tokenization firm Ctrl Alt have jointly tokenized over The post Big RWA Move: Billiton and Ctrl Alt Tokenize Over $280 Million Worth Diamonds …

UAE Tokenizes $280M in Diamonds With Ripple Custody and XRPL More Stories ETHNews

Billiton Diamond and tokenization platform Ctrl Alt have moved more than $280 million (AED 1 billion) worth of certified polished diamonds onto the blockchain in the United Arab Emirates, marking a major milestone for real-world asset (RWA) tokenization. The initiative places physical diamond inventory on-chain while maintaining secure custody of the underlying assets in the UAE. The project aims to modernize how diamonds are financed, held, and…