A tokenization project supported by Ripple moved over US$ 280 million in polished diamonds to the blockchain in the United Arab Emirates, using the company's custody infrastructure and the XRP Ledger for issuing the tokens. Despite institutional progress, the price of XRP was practically stable over the last 24 hours, trading around US$ 0.78, with a variation of +0.6% during the period and a daily volume close to US$ 1.2 billion. The movement occurs amid the broader narrative of tokenizing real-world assets (RWA), one of the main focuses of banks and regulators in 2026.
In the daily chart, XRP remains consolidated below the resistance at US$ 0.82, with immediate support at US$ 0.74. The 14-period RSI marks 51 points, signaling balance between buyers and sellers, while the MACD remains close to the zero line, reinforcing the absence of a clear trend in the short term.
What is behind the tokenization of diamonds in the Emirates?
In practice, the initiative involves Billiton Diamond and the tokenization company Ctrl Alt, which have already placed over AED 1 billion (US$ 280 million) in certified on-chain diamonds in Dubai. Each token on the XRP Ledger represents a physical stone stored locally, with provenance and custody data digitally recorded.
Ripple enters as an infrastructure provider, offering institutional-grade custody solutions to protect tokenized assets. This positioning reinforces Ripple's institutional tokenization strategy, which aims to capture value as a technological layer, not as a marketplace.
Tokenization of real assets gains institutional traction
The movement in the Emirates connects to a broader regional effort of blockchain adoption in finance and commodities, aligned with Ripple's expansion in the Middle East. The DMCC, an entity related to trade in Dubai, acted as the articulator of the ecosystem, indicating government support for the model.
For Brazilian investors, the key point is to understand that RWA does not only impact short-term prices but can alter the structural demand for blockchains used as infrastructure. The tokenization of real assets expands the addressable market of these networks, even if the reflection on the native token is gradual.
Where are the risks and limits of the model?
Despite the volume already tokenized, the project still depends on authorization from the VARA to launch a regulated trading platform. There are no details on secondary liquidity, price formation, or physical redemption mechanisms — critical points for these tokens to have use beyond controlled pilots.
Without these elements, the impact on XRP tends to be more narrative than financial in the short term. The market remains attentive to concrete signs of large-scale adoption, especially while global investors monitor macro forecasts such as the expectations for Bitcoin in 2026 and other long-term scenarios discussed in analyses like BTC price projections.
In the short term, XRP needs to break US$ 0.82 with volume above average to signal a trend resumption. Until then, projects like the diamond one reinforce Ripple's strategic positioning, but do not eliminate the regulatory and execution risks that still surround the tokenization of commodities.