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Ripple Expands Archax Partnership for RWA Tokenization on XRPL

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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.

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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.

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Bybit Invites Traders to Embark on a Token Treasure Hunt

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Bybit Invites Traders to Embark on a Token Treasure Hunt

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Blockchain

India Electronic Contract Services Market to Worth Over US$ 624.33 Million By 2033 | eSignature Demand Among Financial Institutes to Remain High Says Astute Analytica

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UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System

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The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.

Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.

“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”

ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.

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“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”

The post UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System appeared first on News, Events, Advertising Options.

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