Ripple Secures $280M Diamond Tokenization as UAE Pushes Real-World Assets Onto XRPL
Key Takeaways:$280M in Diamonds Move On-Chain Using XRPLOn-Chain Inventory with Embedded Certification DataVerification Before Any TransactionDubai Positions Itself as a Tokenization Hub
DMCC was a facilitating factor by contacting industry players and facilitating the ecosystem required to tokenize commodities. The program is part of a wider role of Dubai to combine the conventional commodity exchanges with regulated electronic asset infrastructure. The whole tokenization pipeline is handled by Ctrl Alt, which has been tokenizing over $850M in assets in various industries. Future stages will concentrate on custody processes, transfer operations, and preparation to the secondary market that will bring the project one step closer to an actual trading environment.About Author
