Saudi Aramco and XRP: The Hilarious Misunderstanding You Won’t Believe! 😂

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So, picture this: barely 24 hours after the internet exploded with rumors about Saudi Aramco teaming up with XRP, the oil behemoth decided to drop a truth bomb. Spoiler alert: they’re not working with the XRP Ledger (XRPL). Apparently, someone thought it would be a great idea to slap Aramco’s name on a project to make it look like a government-backed initiative. Classic! 🙄

Misinformation and Fake Signature in the Saudi Aramco Deal

Now, let’s talk about the XRP ecosystem, which has been the center of attention lately. Why? Because of a wild rumor about a project with Saudi Aramco, the state-owned oil giant. A document claiming that Aramco was collaborating with White Network to tokenize oil using the XRPL was making the rounds like it was the hottest gossip at a high school reunion.

According to an X post from BULLRUNNERS (yes, that’s a real account), they tried to authenticate this nonsense by claiming a government official named “Sheikh Abdullah bin Khalid Al-Falih” signed the document. But plot twist: no such official exists! It’s like trying to convince people that Bigfoot is real because you found a fuzzy photo. 🦶

🚨 BREAKING: Rumors are circulating that Saudi Arabia’s oil giant, Aramco, is exploring the tokenization of its oil reserves on the #XRP Ledger through a project called WhiteRock.

However, it’s important to note that there has been no official confirmation from Aramco regarding…

— BULLRUNNERS (@BullrunnersHQ) May 30, 2025

Now, the closest name we could find was Khalid bin Abdulaziz Al-Falih, Saudi Arabia’s Minister of Investment, who used to be the Minister of Energy. But let’s be real, that doesn’t exactly lend credibility to the document’s claims. And get this: the signature on the document looks suspiciously like that of Mahtab Keramati, a famous Iranian actress. Talk about a plot twist worthy of a soap opera! 🎭

This whole fiasco is just a classic case of misinformation, fueled by the hype train in the XRP community. Some shady characters are riding that wave to spread false info. Meanwhile, Saudi Aramco is busy being known for its expertise in bond sales and international energy deals, not blockchain or oil tokenization. Who knew? 🤷‍♀️

Aramco Partnership With Japanese DBI Group

In 2023, Aramco did partner with SBI Group, a big player in Japan’s financial scene and a Ripple partner. But before you get too excited, this partnership was all about exploring digital asset investments—not XRP or oil tokenization. WhiteRock may have some ties to the XRPL, but they haven’t said a peep about tokenizing oil. Just a bunch of crickets over there! 🦗

Two months ago, WhiteRock launched its platform on the XRP Ledger mainnet, allowing institutions to trade tokenized securities like stocks and bonds. They’ve raked in a cool $71 million in assets. Not too shabby, right?

DLD and VivoPower to Leverage XRP Ecosystem

Meanwhile, the XRP ecosystem is flexing its muscles. Just last week, the Dubai Land Department (DLD) decided to use the XRPL for its $16 billion Real Estate Tokenization Project. They’re banking on XRPL’s decade-long reliability to pull this off. No pressure! 😅

And let’s not forget Nasdaq-listed VivoPower International, which just launched the world’s first XRP-based crypto asset treasury strategy among publicly listed companies. They’re making moves after a private capital raise priced at $6.05 per share. But here’s the kicker: all these developments haven’t exactly sent XRP’s price soaring. As of now, it’s trading at $2.178, down 5.02% in 24 hours. Ouch! 💔

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2025-05-30 17:40