Saudi Aramco Denies Partnership with XRP Ledger Following Misinformation
Saudi Aramco has denied any partnership with the XRP Ledger (XRPL), clarifying that reports of a project involving tokenization of oil were based on misinformation. A document circulating online had falsely claimed that a government official endorsed the deal, but no such official exists.
Key Points
- Claims of Saudi Aramco working with White Network to tokenize oil using XRPL are unfounded.
- A fake signature attributed to "Sheikh Abdullah bin Khalid Al-Falih" was identified; no official by that name is recognized.
- Khalid bin Abdulaziz Al-Falih is the closest match to the name mentioned, but this does not validate the claims.
- Saudi Aramco has no recent interest in blockchain or oil tokenization.
- In 2023, Aramco partnered with SBI Group for digital asset investments, unrelated to XRP or oil tokenization.
- WhiteRock, associated with XRPL, recently launched a platform for trading tokenized securities, raising $71 million.
- The Dubai Land Department is using XRPL for a $16 billion real estate tokenization project.
- VivoPower International introduced an XRP-based crypto asset treasury strategy, priced at $6.05 per share.
- XRP's price was $2.178, down 5.02% in 24 hours.