Wow, this is actually huge! 😮
just tokenized over $280 million worth of certified polished diamonds on the $XRP Ledger, with backing from Ripple and in partnership with Billiton Diamond.
That’s more than 1 billion AED in real luxury assets now living on chain. One of the biggest tokenization deals we’ve seen come out of the Middle East so far.
They’re using XRPL’s super fast settlement, tiny fees, and built in transparency to handle provenance and ownership of high value diamonds. Plus Ripple is providing custody so everything stays secure and compliant.
From physical vaults in Dubai straight to the blockchain… the tokenization of real-world luxury goods is moving fast now.
Feels like we’re watching the early days of something massive.
Do you think diamonds (and other high end assets) are going to be the next big thing for RWAs on public chains?