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- Billiton Diamond has partnered with Ctrl Alt to tokenize $280 million price of polished diamonds on XRPL, supported by Ripple.
- The undertaking will embed certification knowledge and real-time stock info, enabling accepted events to confirm origin and possession historical past.
Billiton Diamond, a diamond administration and public sale providers firm primarily based in Dubai, is ready to tokenize AED 1 billion ($280 million) price of polished diamonds held within the UAE on the XRP Ledger (XRPL).
Billiton has partnered with Ctrl Alt to convey the dear metals onchain. Ctrl Alt is a London-based tokenization platform whose expertise has been utilized by startups, enterprises and governments to tokenize real-world property. By finish of January, the corporate had tokenized over $850 million in RWA property.
Billiton says it would lead the undertaking, exploring how else it may use tokenization to chop prices and increase effectivity. It should launch a brand new platform that may embed the diamonds’ certification knowledge and real-time stock administration info on the on-chain representations. This can allow any stakeholder alongside the availability chain to confirm the diamonds’ origin, grading and possession historical past on XRPL.
Additional down the road, Billiton intends to record tokenized diamonds on main and secondary markets, opening up entry to each retail and institutional merchants. As our detailed information explains, tokenization permits the fractional possession of any asset, which is important for retail participation. A carat of diamond can value as a lot as $10,000, which is past the attain for a lot of retail buyers. Nevertheless, as soon as tokenized, they’ll buy the scale of diamond that matches inside their price range and later promote these tokens when the value rises.
Diamonds on XRPL
Asserting the brand new partnership, the pinnacle of Center East and Africa at Ripple, Reece Merrick, described it as “a big leap ahead for the way forward for commodities tokenization.”
“This initiative exhibits how Ripple’s expertise can bridge the hole between bodily property and the digital financial system, utilising our enterprise-grade custody answer to safe high-value diamond property with unrivalled belief and safety,” he commented.
Ripple is proud to help Billiton Diamond and @CtrlAltCo who’ve tokenized over AED 1 billion ($280m) of licensed polished diamonds on the XRPL.
This initiative exhibits how @Ripple‘s expertise can bridge the hole between bodily property and the digital financial system, utilising our…
— Reece Merrick (@reece_merrick) February 3, 2026
The worldwide diamond market was price an estimated $102 billion final 12 months, and is projected so as to add $4 billion in worth this 12 months and shoot to $153 billion by 2034. Attracting this market to tokenize on its community, XRPL can considerably increase the worth of property on its blockchain.
Billiton Diamond proprietor Jamal Akhtar commented:
This partnership transforms polished diamonds from a historically illiquid asset class right into a clear, investable digital asset that helps producers, manufacturers, and buyers alike. Tokenization introduces an unprecedented stage of transparency, unlocking the potential for brand new liquidity, shortening working capital cycles for producers and merchants, and opening the door to seamless international participation in Dubai’s rising luxurious ecosystem.
The partnership expands XRPL’s international presence and comes only a day after Ripple obtained an EMI license to difficulty digital cash throughout the EU, as we reported.
XRP trades at $1.6, dipping 15% up to now week because the markets have been hit by macro uncertainties and a liquidity crunch.
