Gold

<ul>
 <li>Meld Gold and Ripple completed their first on-chain asset transaction on the XRP Ledger in September 2024.&nbsp;&nbsp;</li>  
 <li>The partnership enhances institutional access to secure and scalable DeFi services on the XRP Ledger.&nbsp;&nbsp;</li>  
 <li>Future upgrades include a patent-pending system to link physical items like gold to the blockchain for increased efficiency.&nbsp;&nbsp;</li> 
</ul>  
<p>Meld Gold and Ripple finalized their first on-chain transaction of fungible gold and silver assets on the XRP Ledger (XRPL). This significant step marks the beginning of their ongoing collaboration.&nbsp;</p>  
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<p>The partnership, <a href="https://cryptonewsland.com/in-2024-ripple-will-introduce-secure-gold-and-silver-on-the-xrp-ledger/" target="_blank" rel="noopener noreferrer nofollow">announced in June</a>, aims to enhance access, efficiency, and utility for Real-World Assets (RWAs). By integrating precious metals onto the <a href="https://xrpl.org/" target="_blank" rel="noopener noreferrer nofollow">XRPL</a>, the companies are reshaping how institutional users access these assets in the decentralized finance (DeFi) space.</p>  
<h2 class="wp-block-heading" id="h-ripple-focus-on-institutional-users-and-security"><strong>Ripple Focus on Institutional Users and Security</strong></h2>  
<p>The partnership between Meld Gold and Ripple aims to offer safe and expandable financial solutions. XRPL's inherent features like Decentralized Exchange (DEX) and Automated Market Maker (AMM) are anticipated to provide advantages for institutional users. These tools enable smooth and effective asset trading, improving the overall DeFi ecosystem.</p>  
<p><a href="https://www.meld.gold/" target="_blank" rel="noopener noreferrer nofollow">Meld Gold</a>'s infrastructure for transitioning assets on-chain has been years in the making. The first successful transaction is seen as a major milestone. Consequently, the companies have outlined plans to roll out more advanced features in the coming months.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-future-upgrades-and-innovations"><strong>Future Upgrades and Innovations</strong></h2>  
<p>Looking ahead, the collaboration will introduce upgrades, including the implementation of a patent-pending system. This system minimizes trust in connecting physical items, such as gold and silver, to the blockchain.&nbsp;</p>  
<p>By merging Ripple's technology with Meld Gold's knowledge in precious metals, the platform will offer users improved financial solutions that are both dependable and efficient.</p>  
<p>Moreover, Ripple is getting closer to <a href="https://cryptonewsland.com/ripples-rlusd-stablecoin-set-to-launch-exclusively-for-institutions/" target="_blank" rel="noopener noreferrer nofollow">releasing its RLUSD stablecoin</a> on the XRPL. Reports indicate that 99% of its entire supply has been created. This enhancement brings an additional level of usefulness and practicality to the XRPL, strengthening its presence in the DeFi sector.</p>  
<p>Meld Gold and Ripple have successfully completed the initial transaction and are now ready to transform the management and trading of real-world assets on the blockchain. Future improvements will offer more secure, scalable, and efficient services for both institutional and individual users.</p> 
<p>The post <a href="https://cryptonewsland.com/meld-gold-and-ripple-complete-first-on-chain-transaction/" rel="noopener noreferrer nofollow">Meld Gold and Ripple Complete First On-Chain Transaction on XRP Ledger</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Meld Gold and Ripple Complete First On-Chain Transaction on XRP Ledger

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