Deployments · platform by Ctrl Alt

Billiton Diamond tokenised diamond inventory (Ctrl Alt, XRP Ledger)New

Ctrl Alt tokenised more than AED 1 billion (about $280 million) of Billiton Diamond's GIA-certified polished diamonds, held in Dubai, as eight collection tokens on the XRP Ledger, with the assets secured using Ripple's enterprise custody technology. The aim is a digital twin of the inventory showing origin, grading and ownership, to shorten working-capital cycles for traders. It is a controlled pilot: every collection sits in one inventory account, and distribution to investors and secondary trading need approval from Dubai's VARA. Values count only in the recorded-on-ledger figure.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Pilot since 9 Feb 2026^[1] — Tokens minted but not distributed; each collection held by one inventory address pending VARA approval. · Reviewed 13d ago

Assets: Undisclosed^[2]
Eight collection tokens over Billiton Diamond's certified polished diamonds
Networks: XRP Ledger Public, permissionless^[1][2]
Use cases: Asset servicing^[2][1]Secondary trading^[1]
Jurisdictions: United Arab Emirates

Participants

Billiton DiamondIssuer^[1][3]United Arab Emirates
Ctrl AltPlatform provider, Technology provider^[1][2]United Kingdom
RippleTechnology provider^[1]United States

Operates under

Dubai Virtual Assets and Related Activities Regulations 2023 (VARA regime)United Arab Emirates · Primary legislation^[1][3]

Assets

IssuesCtrl Alt tokenised diamond collections (Billiton Diamond)^[2]

Metrics

$280.32mDiamond collection tokens outstanding (value) · as of 26 Oct 2026 · on XRP Ledgercontext^[2]
Eight collections, 82,399 diamonds, each in one inventory account. A 'represented' record of inventory. Counted in the recorded-on-ledger figure, not headline totals (record-only ledger; decision 2026-10-26-discovery-3). Recorded on ledger: the ledger mirrors an ownership record kept elsewhere, so this balance is counted in the separate recorded-on-ledger figure, not in totals.

Timeline

Happened 9 Feb 2026 · Announcement · recorded 26 Oct 2026
Billiton Diamond and Ctrl Alt say they have tokenised over AED 1 billion of certified polished diamonds on the XRP Ledger, with DMCC support; trading to follow once VARA approves.^[1]

Sources

[1]Billiton Diamond and Ctrl Alt Pioneer UAE Commodity Tokenisation with $280m Diamond Initiative — The Fintech Times, 10 Feb 2026. Accessed 26 Oct 2026.C
[2]RWA.xyz | Tokenized Commodities — RWA.xyz. Accessed 26 Oct 2026. Eight "Diamonds: ... Collection 1" tokens, issuer Ctrl Alt (Alt Ltd), XRP Ledger, one holder each; per-collection pages such as app.rwa.xyz/assets/DIA-AD-COL1..A
[3]Ctrl Alt Diamonds: SD Collection 1 (DIA-SD-COL1) — DefiLlama. Accessed 26 Oct 2026. Calls it a controlled pilot; tokens not yet distributed to investors, full supply in a single inventory account pending further VARA approval..B

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