UAE Firm Tokenizes 280M in Diamonds on XRP Ledger in Record Deal Middle East Hub

UAE’s Billiton Diamond tokenizes $280M in certified diamonds on XRP Ledger, marking a Middle East luxury asset record.

The UAE has recorded a new milestone in digital assets after a major diamond tokenization deal on the XRP Ledger.

Billiton Diamond, a UAE-based firm, is tokenizing $280 million in certified polished diamonds.

Ctrl Alt executes the transaction on the XRP Ledger (XRPL) and uses Ripple’s custody technology.

UAE Firm Tokenizes $280M in Diamonds on XRP Ledger

Billiton Diamond confirmed that it will tokenize $280 million worth of certified polished diamonds.

Ctrl Alt will issue the assets on the XRP Ledger through its tokenization platform. The firms describe the deal as the largest luxury-asset tokenization project in the Middle East to date.

THE MIDDLE EAST JUST SET A NEW TOKENIZATION RECORD

UAE firm Billiton Diamond is tokenizing $280M in certified polished diamonds via Ctrl Alt on the $XRP Ledger (XRPL) — backed by Ripple’s custody tech — marking the largest luxury-asset tokenization deal in the region to date.… pic.twitter.com/BeO67jL2eC

— CryptosRus (@CryptosR_Us) February 27, 2026

The diamonds involved in the transaction are certified and audited before token issuance.

Each token represents ownership tied to specific physical stones. The structure links digital records with verified physical inventory.

Ctrl Alt stated that the XRP Ledger was selected for its fast settlement and low transaction costs.

Ripple’s custody technology provides storage and security for the tokenized assets. The firms said the system aims to ensure secure handling of high-value commodities.

XRP Ledger Expands Role in Real-World Asset Tokenization

Developers and enterprises have used the XRP Ledger for payments and asset issuance for over a decade**.** It offers near-instant settlement and predictable transaction fees.

These features are often cited for real-world asset tokenization projects. Tokenized real-world assets, also known as RWAs, have grown sharply in 2025.

Market data shows that tokenized RWAs increased by about 300% this year. Demand for blockchain-based ownership records has driven growth.

Ripple’s custody solution plays a central role in this diamond tokenization effort.

Ripple’s custody technology backs digital tokens with secure asset management systems. The integration aims to maintain compliance and operational standards.

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Diamond Industry Sees Shift Toward Blockchain Records

The global diamond trade exceeds $80 billion in annual value. However, the industry has faced issues related to fraud and verification.

Blockchain-based records are being adopted to address traceability concerns. Tokenization allows each diamond to carry a digital record of origin and certification.

These records can be accessed on-chain and verified by participants. This structure can reduce disputes and improve transaction efficiency.

Industry participants in the Middle East are increasing blockchain adoption. The region has positioned itself as a digital asset hub with supportive regulations.

The Billiton Diamond transaction places the UAE at the center of luxury asset tokenization activity.

The deal reflects growing institutional interest in blockchain infrastructure.

As more assets move on-chain, platforms like the XRP Ledger continue to attract enterprise use. The project marks a record transaction for the region’s tokenized luxury market.