Ripple Tokenizes $280 Million In Dubai Diamonds—Here's How It Works

Through a partnership with Billiton Diamond and tokenization firm Ctrl Alt, Ripple-backed custody technology secured $280 million in polished diamonds on the XRP (CRYPTO: XRP) Ledger, the companies announced Tuesday in Dubai. The Diamond Tokenization Setup Billiton Diamond and Ctrl Alt moved over AED 1 billion ($280 million) worth of certified polished diamonds on-chain in the UAE. Ripple’s enterprise custody tools secure the physical diamonds, while the XRP Ledger creates digital tokens representing ow ...