Linklogis, a leading Chinese supply chain fintech firm, announced a strategic partnership with XRP Ledger on August 25.
Goals of the Partnership
Linklogis aims to integrate its global digital supply chain finance platform with XRP Ledger. This will enable the use and settlement of digital assets based on real-world trade across borders.
The partnership showcases Linklogis's entry into the decentralized finance space while continuing to innovate in international trade.
Global Expansion of Linklogis
Since 2019, Linklogis has expanded its cross-border business with its ‘Go Early’ and ‘Go Deep’ strategies. The company currently serves customers in 27 countries and regions and handled RMB 20.7 billion in cross-border assets in 2024.
In 2023, Linklogis collaborated with the BIS Innovation Hub, Standard Chartered, RD Technologies, and Simmons & Simmons on Project Dynamo, which focuses on asset tokenization. In 2024, Linklogis became a founding shareholder of SuperFi Labs, a DeFi innovation lab creating new on-chain consumer products.
Ripple Updates
Recently, the long-running lawsuit between Ripple and the SEC ended after nearly five years. Both parties agreed to drop their appeals, and the U.S. Court of Appeals for the Second Circuit approved this decision, officially concluding the matter. Ripple and its executives will pay a $125 million penalty for past securities violations.
Earlier this August, Ripple’s CTO David Schwartz announced he will personally run a high-performance server for the XRP Ledger to enhance its infrastructure as network activity increases.
The partnership between Linklogis and XRP Ledger marks a significant step in the development of decentralized finance and global trade, with the synergy of both companies' technologies potentially leading to further innovations in this field.
