Dubai Diamond Inventory Tokenized on XRP Ledger

Billiton Diamond and Ctrl Alt have successfully tokenized $280 million worth of diamond inventory in Dubai on the XRP Ledger. According to NS3.AI, this initiative utilizes Ripple's custody technology to securely issue and transfer tokens backed by diamonds. The project is awaiting approval from Dubai’s Virtual Assets Regulatory Authority and underscores the growing use of the XRP Ledger for tokenizing physical assets.