Blockchain
Ripple Expands Archax Partnership for RWA Tokenization on XRPL
Ripple has announced an expanded partnership with Archax, the UK’s first Financial Conduct Authority-regulated digital asset exchange. This collaboration aims to bring hundreds of millions of dollars in tokenized real-world assets (RWAs) to the XRP Ledger (XRPL). The announcement, made during the XRP Ledger Apex 2024 summit, highlights the combined efforts of Ripple and Archax to leverage blockchain technology in financial sectors.
Ripple’s CEO, Brad Garlinghouse, expressed excitement about the potential for growth in tokenization projects on the XRPL. He noted that financial institutions are increasingly adopting this technology to enhance asset management versatility and efficiency. The partnership, initially started in 2022, focuses on utilizing XRPL for tokenizing a wide range of RWAs, creating new investment and asset management opportunities in the financial industry.
Markus Infanger, Ripple’s Senior Vice President of RippleX, emphasized XRPL’s capabilities as a leading blockchain for tokenizing real-world assets. Archax’s CEO, Graham Rodford, called this milestone significant for the mainstream adoption of blockchain solutions, affirming Archax’s dedication to promoting digital assets technology among financial institutions.
Both Ripple and Archax are committed to a compliance-first approach, working closely with regulators to ensure their innovations meet current financial regulations. This engagement is crucial for creating a stable and legally compliant environment for introducing RWAs into the blockchain ecosystem. The partnership showcases the potential of regulated digital asset exchanges to transform financial services.
Additionally, Ripple introduced the XRPL EVM Sidechain, enhancing XRPL’s compatibility with the Ethereum Virtual Machine (EVM) and opening new possibilities for decentralized finance (DeFi) and RWA utilization. Following the announcement, XRP’s price saw a modest increase, reflecting positive market response.
Source: coinfomania.com
The post Ripple Expands Archax Partnership for RWA Tokenization on XRPL appeared first on HIPTHER Alerts.
Join us in our 10th-anniversary celebrations – special campaigns every week!
bitFlyer Europe S.A. is launching 17 new crypto-assets over the next four weeks to celebrate 10 successful years of the bitFlyer Group. Each week we will launch a new crypto-assets campaign and each week you can win exciting prizes! Our first campaign started September 26, 2024 with the launch of Axie Infinity (AXS), Decentraland (MANA), Immutable (IMX), and The Sandbox (SAND)!
Here is our campaign calendar** for the next three weeks:
- Week 2 (October 3, 2024: ApeCoin (APE), Chilliz (CHZ), Ripple (XRP), Palette Token (PLT).
- Week 3 (October 10, 2024): Avalanche (AVAX), Mask Network (MASK), The Graph (GRT), Chainlink (LINK).
- Week 4 (October 17, 2024): Flare (FLR), Symbol (XYM), Nem (XEM), Dogecoin (DOGE), and Shiba Inu (SHIB).
* Visit our 10th-anniversary site for more details. (https://bitflyer.com/en-eu/s/lp/10th-anniversary). Terms and conditions apply.
** The listing schedule is subject to change.
“These new crypto-assets not only allow customers to benefit from a more diverse environment for their investments but also gives them the opportunity to participate in cutting-edge web3 projects,” said Ms Ami Nagata, CEO of bitFlyer Europe.
“With a firm foundation in Japan and a strong regional presence in Luxembourg, bitFlyer serves a large loyal customer base that reflects its global reach. bitFlyer is truly glocal,” added Mr Yuzo Kano, founder and CEO of the bitFlyer Group.
How to Create an Account: If you are not already using our market
If you are not already using our market leading services, you can create an account and start your crypto journey with bitFlyer today. Visit our website or download the bitFlyer App on iOS and Android.
The post Join us in our 10th-anniversary celebrations – special campaigns every week! appeared first on HIPTHER Alerts.
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