Dubai Launches $280M Diamond Tokenization on XRP Ledger Amid Market Uncertainty
February 6, 2026
A $280 million diamond tokenization project in Dubai will digitize ownership of diamonds in secure Dubai vaults using Ripple’s enterprise blockchain and the XRP Ledger, marking a major real-world asset tokenization push in the Middle East.
The initiative aims to create an institutional-grade tokenization pipeline for polished stones to speed up settlement and improve provenance, with broader rollout contingent on VARA regulatory approval.
Ripple sits at the custody and settlement layer, addressing trading viability, pricing, and redemption mechanics for tokenized commodities rather than building the trading marketplace itself.
In the near term, outlook ranges from modest bounces around current support to potential declines to long-term lows, with models diverging based on macro conditions and unlock dynamics.
Bitwise’s CIO notes that market lows during Winters often end when selling pressure fades and sentiment shifts, implying fundamentals may lag until a turning point is reached.
Franzen’s commentary sits within a broader market mood, including Nasdaq-100 weekly close trends as investor dynamics shift.
His view aligns with previous assessments of the Nasdaq-100 as it approaches near-record weekly closes, reflecting his broader market perspective.
BNB faces strong bearish pressure, with a Death Cross signaling downward momentum as investors seek higher-growth alternatives.
Fund flow shows mixed signals: CMF hints at institutional accumulation despite price declines; ETF inflows are positive toward month-end, but surging exchange inflows since mid-January raise downside risk if support fades.
A breakout above descending resistance and entry into liquidity pockets could trigger rapid price moves, while no breakout keeps the scenario conditional.
Industry signals show memory price volatility and AI demand shaping hardware supply and pricing, impacting Intel’s timing and strategy.
The reflation narrative persists with a relatively weak dollar range, encouraging USD-based funds to maintain high-risk allocations as a hedge against fading purchasing power.
Summary based on 42 sources
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Sources

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Ripple News: Custody service moves $280 million of tokenized diamonds on XRP Ledger