- Ripple and Archax Expand Partnership
- XRPL's Reliability and Wide Adoption
- Major Milestone for XRP Ledger
Ripple and Archax have announced an expanded collaboration to bring tokenized real-world assets (RWAs) to the XRP Ledger (XRPL). This significant development promises to transform the XRPL community, improve decentralized finance (DeFi) solutions, and provide access to a wider array of assets.
Ripple and Archax Expand Partnership
The partnership between Ripple and Archax opens up numerous possibilities for developers and financial institutions in the XRPL ecosystem. Tokenized assets, including stocks, bonds, and money market funds, can now be easily incorporated into decentralized applications (dApps).
XRPL's Reliability and Wide Adoption
Financial institutions stand to gain a lot from this partnership as XRPL is a reliable and efficient system for tokenizing and trading assets. The platform supports over 5 million active wallets and works with over 120 validators. Its integrated features such as decentralized exchange, compliance mechanisms, and tokenization capabilities make it ideal for institutional financial applications.
Major Milestone for XRP Ledger
On August 12, XRPL reached a significant milestone by processing its 90 millionth ledger. This achievement highlights the engagement and coordination within the XRPL community. The next major step is to reach 100 million ledgers. The adoption of XRPL continues to grow, especially with SBI Holdings launching its NFT service, Myaku N!, on the XRPL in Tokyo.
The expanded partnership between Ripple and Archax for tokenizing real assets on the XRPL promises significant improvements for the decentralized finance sector and further growth of the XRP Ledger ecosystem.
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