Ripple (XRP) Unstoppable: New Million Dollar Partnership Announced!
Ripple (XRP) is on a roll with its global expansion, and the latest news of a groundbreaking partnership is making waves.
The announcement reveals that Ripple has teamed up with Archax, the UK’s first registered crypto exchange, to revolutionize the tokenization of real-world assets (RWAs) on the XRP Ledger.
This strategic partnership aims to inject millions of dollars into the XRP Ledger (XRPL) by focusing on tokenizing RWAs and utilizing XRPL’s infrastructure to enhance the efficiency and market accessibility of these assets.
Markus Infanger, RippleX Senior Vice President, expressed his enthusiasm for the partnership, stating, “Our industry is entering a new phase of widespread adoption where blockchain technology will truly benefit financial markets. Ripple is thrilled to support Archax’s mission to promote blockchain and digital asset technology within financial institutions, highlighting XRPL as a leading blockchain for RWA tokenization.”
Ripple CEO Brad Garlinghouse also weighed in on the development, noting the increasing trend of financial institutions tokenizing real-world assets on XRPL and other Layer-1 blockchains. He foresees exponential growth in this practice moving forward.
Exciting times ahead with the collaboration between @Ripple and @ArchaxEx – financial institutions are increasingly embracing tokenization of RWAs on layer 1 blockchains like XRPL through regulated entities like Archax, and this trend is only expected to soar in the future.
*This is not financial advice.
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