Overview
- Billiton Diamond and Ctrl Alt say over AED 1 billion in certified polished diamonds have been moved on-chain in the UAE.
- Ripple’s enterprise custody secures the tokenized inventory while the XRP Ledger handles issuance and transfers.
- Each token represents an individual diamond held in secure UAE vaults with certification and provenance data available on-chain.
- Dubai’s DMCC says it coordinated stakeholders to support the commodities tokenization ecosystem for the initiative.
- The partners outline a platform with real-time inventory management, certification tracking, and potential primary and secondary listings pending regulatory clearance.