Billiton and Ctrl Alt Tokenize $280M in Diamonds on XRP Ledger
The project has moved polished diamonds on-chain in Dubai with custody infrastructure provided by Ripple as participants pursue a regulated tokenized trading setup [4].
Billiton Diamond, working with tokenization firm Ctrl Alt, has tokenized more than $280 million worth of certified diamonds on the XRP Ledger, moving polished stones on-chain in Dubai as part of the initiative [1][5][2][4].
Ripple is providing custody infrastructure for the project, with reports saying Ripple-backed custody secures the UAE tokenization push and supports the teams as they work toward a regulated tokenized trading setup [4][2][1].
Ctrl Alt’s platform enables on-chain diamond investment products, and the effort has been described as part of a broader real-world-asset tokenization trend that is expanding beyond tokenized precious metals to gemstones [5][6][1].
The initiative has already put over $280 million of diamonds on-chain and highlights growing industry activity around tokenizing physical assets; further steps will focus on custody, regulatory compliance and building regulated trading infrastructure [4][1].
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Citations
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- 1Diamond Tokenization: Billiton Partners With Ctrl Alt to Mint $280M Diamonds on XRP LedgerCoinpedia Fintech News• Feb 3, 2026
- 2XRP Ledger Hosts $280M in Tokenized Diamonds with Ripple’s SupportMoneyCheck• Feb 3, 2026
- 4Ripple-backed custody secures $280 million diamond tokenization push in UAECoinDesk• Feb 3, 2026
- 5Billiton Diamond Tokenizes $280M on XRP LedgerCoinoMedia• Feb 3, 2026
- 6Big RWA Move: Billiton and Ctrl Alt Tokenize Over $280 Million Worth DiamondsCoinGape• Feb 3, 2026
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