NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

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

Published 06/13/2024, 05:54 PM
Updated 06/13/2024, 06:45 PM
© Reuters.  New Ripple-Archax Deal Bets Big on Tokenized Real-World Assets
XRP/USD
-

  • Ripple and Archax have partnered to boost RWA funding on the XRP Ledger.
  • XRPL would benefit from Archax’s existing partnerships with leading financial institutions.
  • The partnership is strategic and timely, considering the current state of the blockchain industry.

Ripple, the blockchain payments company behind XRP, and Archax, a regulated digital asset exchange, are expanding their partnership 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.

The post New Ripple-Archax Deal Bets Big on Tokenized Real-World Assets appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.