The two firms to execute end-to-end tokenization of certified polished diamond inventory, enhancing transparency, speed, and accessibility within Dubai’s evolving gems and digital asset ecosystem.
To date, the collaboration has tokenized over $280+ million in diamonds.
Dubai, UAE – February 3, 2026 – In a landmark move for the diamond and digital asset industries, Billiton Diamond and leading tokenization provider Ctrl Alt, today announced a collaboration that has tokenized over AED 1 billion ($280m) of certified polished diamonds held in the UAE. This initiative marks a significant step in commodities tokenization, with the aspiration to expand access to diamond investment through institutional-grade blockchain-powered infrastructure.
Billiton Diamond, an established leader in rough diamond auctions with its unique Vickrey auction model designed to provide price clarity and efficient supply, is driving the exploration of new, innovative models for tokenized polished diamond sales in the coming phases of the initiative. Under the collaboration, Ctrl Alt will provide the end-to-end tokenization of over AED 1 billion worth of polished inventory from Billiton’s approved partners, building on the initial completed tokenization phase. The move positions Billiton at the forefront of diamond investment innovation and Ctrl Alt as a leader in commodities tokenization. The tokenized assets will be secured through Ripple’s enterprise-grade custody technology.
Through this collaboration, Billiton will launch a new tokenized diamond platform that embeds real-time inventory management and certification data on the blockchain, allowing stakeholders to verify the origin, grading, and ownership history of each polished stone before any transaction. It also aims to provide Billiton with a foundation to support the future listing of tokenized diamonds on both primary and emerging secondary markets, enhancing accessibility, auditability and operational efficiency across the end-to-end lifecycle. These novel operations will be subject to regulatory approval by the Virtual Assets Regulatory Authority (VARA) prior to launch.
Ctrl Alt is the tokenization provider for the initiative, having already tokenized over AED 1 billion in diamonds, with subsequent phases focused on lifecycle capabilities, including custody, transfer, and secondary market readiness. Tokens have been minted on the XRP Ledger (XRPL), chosen for its fast settlement, low fees, and scalable architecture.
DMCC played an integral part in making this initiative possible, connecting stakeholders and building the ecosystem required for diamond tokenization. By providing guidance and industry support, DMCC reinforced its position as the world’s leading business district and trade hub driving innovation in both commodities and digital assets.
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