Ripple-Partnered Metaco Secures $280M Diamond Tokenization Deal in UAE, Boosting XRP Ecosystem

Metaco, a leading digital asset custody provider acquired by Ripple, has secured a landmark deal to facilitate a $280 million diamond tokenization initiative in the United Arab Emirates. The partnership with the UAE-based diamond trading platform will leverage Metaco's institutional-grade custody solutions to tokenize physical diamond assets. This strategic move underscores the growing institutional adoption of blockchain for real-world asset (RWA) tokenization and significantly strengthens the utility and credibility of the Ripple (XRP) ecosystem. The project aims to enhance liquidity, transparency, and accessibility in the high-value diamond market through blockchain technology.