Billiton Diamond and Ctrl Alt Launch Initiative to Tokenize $280 Million of Diamonds in the UAE.. What Does This Mean for Investors?

Billiton Diamond and Ctrl Alt announced a major initiative to tokenize (Tokenization) of polished diamonds valued at over 1 billion AED (≈$280 million) in the UAE.
♦️ What does this mean for investors?

Transforming diamonds from traditional physical assets into easily tradable digital assets via blockchain technology.
♦️ Digital Diamond Platform

Billiton will launch a new digital diamond platform that provides real-time inventory management and certificate data on the blockchain. The platform aims to pave the way for the listing of digital diamonds on primary and secondary markets.
♦️ Key Features of the Initiative:

✅ Transparency: Track the origin, classification, and ownership history of the stone in real time.
✅ Institutional Security: Secure assets through institutional custody technology via Ripple’s global company.
✅ High Liquidity: Facilitate buying and selling of diamonds in primary and secondary digital markets.
✅ Regulatory Support: The initiative is carried out in collaboration with DMCC and in compliance with the standards of the Virtual Asset Regulatory Authority (VARA).
✅ Technical Efficiency: Tokens are issued on XRP Ledger (XRPL) for fast settlement and low fees.
‎Ripple
‎CtrlAltCo
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