Ripple Collaborates with Archax to Bring Tokenized Real-World Assets to the XRP Ledger
In June 2024, Ripple, the leader in enterprise blockchain and crypto solutions, and Archax, the UK’s first Financial Conduct Authority regulated digital asset exchange, broker and custodian, today announced an extension to their existing collaboration which is expected to bring hundreds of millions of dollars of tokenized real world assets (RWAs) onto the XRP Ledger (XRPL) over the coming year and establish the XRPL as one of the leading blockchains for RWA tokenization.
The XRPL provides a foundation for RWA tokenization and institutional-grade DeFi thanks to its proven reliability, efficiency, and its roadmap of comprehensive features such as an Automated Market Maker (AMM) currently live on the XRPL as well as the upcoming Decentralized Identifier (DID), Multi-Purpose Tokens (MPT) capability, a Lending Protocol, and Oracles. Over the past decade, the XRPL has been the home of over 1,000 projects, processing over 2.8 billion transactions without failure or security breach since 2012 and supporting over 5 million active wallets with a network of over 120 validators.
As a result of this collaboration, financial institutions will be able to select the XRPL to tokenize their RWAs, creating opportunities for numerous downstream use cases for these assets.
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