Ripple has expanded its real-world asset tokenization efforts, moving more than $280 million worth of polished diamonds onto the XRP Ledger (XRPL).

Key takeaways

• Over $280 million worth of diamonds have been tokenized on the XRP Ledger

• Each token corresponds to a real, physical diamond stored in UAE vaults

• Ripple’s custody infrastructure secures the assets, while XRPL handles issuance and transfers

• The move strengthens XRPL’s position in the real-world asset (RWA) tokenization market

The initiative places high-value physical assets directly onchain, with each token representing an individual diamond held in secure vaults in the United Arab Emirates, marking one of the largest diamond tokenization efforts to date.

? RIPPLE MOVES $280M OF DIAMONDS ON BLOCKCHAIN

Over $280M (AED 1M) in polished diamonds are now tokenized on the XRP Ledger.

Each token, minted on the XRP Ledger, represents a real diamond stored in secure UAE vaults.

Ripple’s custody will secure the tokenized inventory,… pic.twitter.com/oTXdR1g6Wh

— Coin Bureau (@coinbureau) February 3, 2026

Diamond Tokenization Moves XRPL Further Into Real-World Assets

Under the structure outlined in the announcement, Ripple’s custody solution safeguards the underlying diamond inventory, while the XRP Ledger provides the onchain rails for minting, transferring, and settling ownership tokens. This setup allows traditionally illiquid assets like diamonds to become programmable, transferable, and potentially more accessible within digital financial markets.

The development highlights Ripple’s broader strategy of positioning XRPL as infrastructure for tokenized real-world assets, alongside use cases such as payments, settlement, and institutional custody.

XRP Price Reaction and Market Context

Following the news, XRP traded around $1.59, posting a modest gain on the day, while remaining down 1.33% over the past 24 hours and approximately 15.22% lower over the past seven days. The muted short-term price reaction suggests the market is digesting the announcement as a long-term infrastructure milestone rather than an immediate catalyst.

Despite recent downside pressure, XRP continues to trade within its broader consolidation range, as investors balance macro market conditions against incremental adoption developments on the XRP Ledger.

Why This Matters

Tokenizing diamonds demonstrates how blockchain infrastructure can be applied to high-value, non-financial assets, addressing issues such as settlement speed, transparency, and custody verification. If scaled, similar models could extend to other commodities and collectibles, reinforcing XRPL’s relevance beyond pure cryptocurrency transactions.

While the immediate market impact on XRP has been limited, the move strengthens Ripple’s narrative around real-world asset tokenization – a sector increasingly viewed as one of the most practical bridges between traditional assets and blockchain technology.