$XRP 💎 Real diamonds are coming to the Ripple network.
A historic alliance has just been announced in the United Arab Emirates. The diamond firm Billiton Diamond and the platform Ctrl Alt have tokenized over $280 million in polished diamonds using Ripple technology.
What you need to know:
- Real-World Assets (RWA): Tokens have been issued on the XRP Ledger (XRPL) representing physical inventory of diamonds held in Dubai.
- Cutting-Edge Technology: They used Ripple's institutional custody tools to ensure the security of the assets.
- Transparency: The goal is to make the trading of these precious stones faster, have clearer provenance data, and be accessible at an institutional level.
- Regulation: The project already has a massive tokenized inventory, but its mass launch to the public will depend on the approval of VARA (Dubai's virtual assets authority).
This move positions the XRP network as one of the key infrastructures for digitizing valuable real-world assets, beyond simple money transfers.
What do you think of this movement?
