Deepening Partnership
Ripple, a leader in blockchain solutions, and Archax, the UK’s first FCA-regulated digital asset exchange, have expanded their partnership to tokenize hundreds of millions of dollars in real-world assets (RWAs) on the XRP Ledger (XRPL).
XRPL as a Tokenization Hub
This move positions XRPL as a frontrunner in the tokenization of RWAs, such as stocks, bonds, and money market funds. The XRPL’s built-in features, including tokenization support, a decentralized exchange, and compliance tools, make it an ideal platform for this purpose.
Benefits of RWA Tokenization
Graham Rodford, CEO of Archax, highlights the benefits of RWA tokenization: improved efficiency, increased liquidity, and enhanced transparency.
Compliance-First Approach
Archax’s regulatory status and Ripple’s global regulatory engagement strategy align to ensure compliance and foster institutional adoption of blockchain technologies.
XRPL’s Robust Architecture
The XRPL’s decentralized and open-source architecture has been operating reliably since 2012, facilitating billions of transactions and supporting millions of active wallets.
Ripple’s Ecosystem Expansion
This partnership is part of Ripple’s ongoing ecosystem expansion, which includes the creation of the XRPL Japan and Korea Fund and the acquisition of Standard Custody & Trust Company.
Future Outlook
Brad Garlinghouse, CEO of Ripple, believes that the partnership will accelerate the tokenization of RWAs on XRPL through regulated entities like Archax.
