31.05.2025 06:51

A recently circulated document alleging that Saudi Aramco would launch an oil tokenization project on the XRP Ledger has been definitively debunked. The purported agreement, falsely attributed to a "Sheikh Abdullah bin Khalid Al-Falih," claimed a partnership between Aramco and WhiteRock to tokenize oil assets. However, this named individual is not a recognized Saudi government official, and the signature on the document has been confirmed as belonging to Iranian actress Mahtab Keramati.

Neither Saudi Aramco nor WhiteRock has verified or acknowledged the existence of any such project. In fact, while WhiteRock operates a tokenization platform on the XRP Ledger, its current focus is exclusively on the institutional trading of securities such as stocks and bonds, managing assets exceeding $71 million. There has been no public statement from Aramco regarding blockchain technology or XRP Ledger use cases, including any involvement with oil tokenization initiatives.

The closest verifiable match to the fraudulent document’s name is Khalid bin Abdulaziz Al-Falih, the Saudi Arabian Minister of Investment and former Minister of Energy. Yet, even this connection is tenuous and unsubstantiated, adding further credence to the document's fraudulent nature. The misuse of a celebrity's signature provided undeniable proof of the fabrication.

The viral document's false claims highlight the importance of verifying information from reputable sources. While VivoPower's substantial XRP treasury and Dubai's foray into real estate tokenization represent genuine growth indicators for XRP, this incident serves as a stark reminder of the prevalence of misinformation within the cryptocurrency sphere. Information sourced from internet resources should always be critically assessed.