In the face of market uncertainty for XRP, Ripple is shifting its focus toward the real-world use of blockchain technology through the tokenization of high-value physical assets.

The price of XRP is trading around $1.60, reflecting a slight daily increase of +0.45%, but remains under pressure over a broader time horizon.

On a 24-hour basis, the asset is down by –1.84%, and over the week, it has declined by nearly -14.5%, reflecting the overall correction in the crypto market.

XRP's market capitalization is approximately $97.9 billion, and the daily trading volume exceeds $3 billion, indicating that interest in the asset remains high despite volatility.

Diamond tokenization worth over $280 million on XRPL: What's behind the initiative

Ripple announced that it supports a large-scale initiative for the tokenization of real assets, carried out jointly with Billiton Diamond and Ctrl Alt.

The two companies have tokenized over AED 1 billion (, approximately $280 million.) in certified, polished diamonds that already exist as digital tokens on the XRP Ledger (XRPL).

This involves high-quality physical assets that are certified and traceable, with each token representing a real diamond. This enables easier transfer of ownership, higher liquidity, and greater transparency compared to traditional precious stone markets.

The initiative demonstrates how blockchain technology can connect physical assets with the digital economy without losing the link to real value.

It is expected that similar projects will open the door for broader use of XRPL in the tokenization of real assets—from precious metals and luxury goods to real estate and financial instruments. For the XRP ecosystem, this means not just speculative demand, but real value that can, in the long term, support network activity and interest from institutional participants.