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- Billiton Diamond has partnered with Ctrl Alt to tokenize $280 million value of polished diamonds on XRPL, supported by Ripple.
- The mission will embed certification information and real-time stock data, enabling authorized events to confirm origin and possession historical past.
Billiton Diamond, a diamond administration and public sale providers firm primarily based in Dubai, is about to tokenize AED 1 billion ($280 million) value of polished diamonds held within the UAE on the XRP Ledger (XRPL).
Billiton has partnered with Ctrl Alt to deliver the valuable metals onchain. Ctrl Alt is a London-based tokenization platform whose know-how 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 should lead the mission, exploring how else it could actually use tokenization to chop prices and increase effectivity. It would launch a brand new platform that can embed the diamonds’ certification information and real-time stock administration data on the on-chain representations. This may allow any stakeholder alongside the provision chain to confirm the diamonds’ origin, grading and possession historical past on XRPL.
Additional down the road, Billiton intends to checklist tokenized diamonds on major 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 crucial 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 traders. Nevertheless, as soon as tokenized, they will buy the dimensions of diamond that matches inside their finances and later promote these tokens when the worth rises.
Diamonds on XRPL
Saying the brand new partnership, the top 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 reveals how Ripple’s know-how can bridge the hole between bodily property and the digital economic system, utilising our enterprise-grade custody resolution 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 reveals how @Ripple‘s know-how can bridge the hole between bodily property and the digital economic system, utilising our…
— Reece Merrick (@reece_merrick) February 3, 2026
The worldwide diamond market was value 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 traders alike. Tokenization introduces an unprecedented stage of transparency, unlocking the potential for brand spanking new liquidity, shortening working capital cycles for producers and merchants, and opening the door to seamless world participation in Dubai’s rising luxurious ecosystem.
The partnership expands XRPL’s world presence and comes only a day after Ripple obtained an EMI license to concern digital cash throughout the EU, as we reported.
XRP trades at $1.6, dipping 15% prior to now week because the markets have been hit by macro uncertainties and a liquidity crunch.
