Coin

<ul class="news-points">
 <li>Ripple and Archax have partnered to boost RWA funding on the XRP Ledger.</li>
 <li>XRPL would benefit from Archax’s existing partnerships with leading financial institutions.</li>
 <li>The partnership is strategic and timely, considering the current state of the blockchain industry.</li>
</ul>
Ripple, the blockchain payments company behind XRP, and Archax, a regulated digital asset exchange, are expanding their <a href="https://ripple.com/ripple-press/ripple-collaborates-with-archax-to-bring-hundreds-of-millions-of-dollars-of/" target="_blank" rel="noopener noreferrer nofollow">partnership</a> to bring hundreds of millions of dollars in tokenized Real-World Assets (RWAs) to the XRP Ledger. The move positions the XRP Ledger as a frontrunner in the emerging market for tokenized assets.
In a post on its official X account, Ripple highlighted aspects of the partnership, noting that XRPL will benefit from Archax’s existing partnerships with leading financial institutions in the tokenization of RWAs. As a result, those institutions could use the XRPL to tokenize their assets following the recent Ripple-Archax partnership.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Just announced at <a href="https://twitter.com/hashtag/XRPLApex?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRPLApex</a>! 1/ Ripple &amp; <a href="https://twitter.com/ArchaxEx?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@ArchaxEx</a> are expanding their partnership to bring hundreds of millions of dollars in tokenized real-world assets (RWAs) to the XRP Ledger over the next year. This move solidifies the <a href="https://twitter.com/hashtag/XRPL?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRPL</a> as a lead…
 </blockquote>
 </div>
</figure>
The post <a href="https://coinedition.com/new-ripple-archax-deal-bets-big-on-tokenized-real-world-assets/" rel="noopener noreferrer nofollow">New Ripple-Archax Deal Bets Big on Tokenized Real-World Assets</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

New Ripple-Archax Deal Bets Big on Tokenized Real-World Assets

Coin Edition

Other articles published on Jun 13, 2024

Tesla Shareholders Approve Elon Musk’s Historic $56 Billion Pay Deal

Crypto Analyst Predicts Cardano Price Will Rally 370% To $2, Here’s The Timeline

Vertex: The game-changer in decentralised trading

Sail to Success with MoonBag's 88% APY: Leave Bitbot’s Uncertainty and TRON's Scalability Woes in...

Analysts Predict Ethereum’s Future Movements

Injective Displaying Strength: Is the Retracement Over? Will INJ Price Hit $50 This Month?

Join our free newsletter for daily crypto updates!