Ripple and Archax announce plan to bring tokenized real-world assets to the XRP ledger
Ripple and UK-based digital asset exchange Archax are expanding their existing partnership to bring “hundreds of millions of dollars” in tokenized real-world assets to the XRP ledger over the next year and establish the XRP ledger as one of the leading blockchains for tokenizing real-world assets.
The deal represents an evolution of the relationship between Ripple and Archax, which was established in 2022 when Archax collaborated with Metaco to offer digital asset custody services to its clients. Metaco was acquired by Ripple in mid-2023.
The XRP ledger is an open source public decentralized blockchain with built-in capabilities such as tokenization, a native decentralized exchange, compliance features, and more.
The announcement was made at the XRP ledger APEX 2024 conference in Amsterdam and was also tweeted by the Ripple and Archax accounts on the X platform.
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