XRP Ledger Hosts $280M in Tokenized Diamonds with Ripple’s Support

TLDR

Table of Contents

Over $280M in diamonds have been tokenized on XRP Ledger in the UAE.
Ripple’s custody solution powers the secure management of these digital diamond tokens.
Ctrl Alt has already handled $850M in asset tokenization across sectors.
Billiton’s platform includes real-time inventory and verified certification on-chain.

Over $280 million worth of certified diamonds have been tokenized on the XRP Ledger (XRPL). Ripple, alongside Ctrl Alt and Billiton Diamond, has launched a platform to convert high-value polished diamonds into digital financial assets. This new market is now live in the UAE, bringing traditional commodities into blockchain trading through Ripple’s institutional tools.

XRP Ledger Hosts $280 Million in Tokenized Diamonds

A new tokenized diamond market worth over $280 million has launched on the XRP Ledger. The project is backed by Ripple, Billiton Diamond, and Ctrl Alt. It brings polished, certified diamonds into the blockchain space using verified on-chain tokens. These digital assets represent physical diamonds stored by approved partners in the UAE.

Ripple supports the effort through its enterprise-grade custody system. This system is built for security and scalability, allowing institutions to manage assets safely. The diamonds have been verified, certified, and then converted into tokens that live on the XRP Ledger.

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

The value of these diamonds exceeds AED 1 billion. They are held in secure facilities, and each token corresponds to a physical asset. This enables traceable ownership and trade.

Real-World Assets Come On-Chain with Ctrl Alt

Ctrl Alt is managing the technology behind the tokenization. The company has experience with over $850 million in asset handling, including real estate and funds. Their role includes linking real-world items to the blockchain and ensuring secure issuance.

Ctrl Alt and Billiton have launched a full platform that provides real-time inventory tracking. Certification data is immutable and stored directly on-chain. This makes it easier to prove authenticity and to trade the diamonds in both primary and secondary markets.

This move is designed to remove the opacity in traditional diamond markets. It replaces manual verification with a tamper-proof digital record.

Regulatory Support from Dubai’s DMCC and VARA

The UAE’s regulatory bodies are involved in supporting the new system. The Dubai Multi Commodities Centre (DMCC) and the Virtual Assets Regulatory Authority (VARA) are helping align infrastructure and rules for this asset class.

The DMCC acted as the key coordinator in bringing the involved companies together. The project complies with local regulations, aiming to build trust in tokenized commodities.

The combination of custody, compliance and blockchain is designed for institutional clients and large-scale trading. It also helps prevent fraud by attaching permanent records to each diamond token.

Ripple Supports Institutional-Grade Custody and Market Readiness

Ripple’s technology is central to the custody and token issuance process. The company offers enterprise custody solutions that are tailored for high-value assets. These solutions offer secure storage and access controls suitable for institutions.

Reece Merrick, Ripple’s managing director for the Middle East and Africa, said, “This is a leap forward in real-world asset tokenization.” The XRPL provides the infrastructure to host these tokens with speed and transparency.

Each token on XRPL is backed by an actual diamond, creating a bridge between physical goods and digital markets. Investors can now buy, sell, or trade diamonds through the blockchain using verified data.