Ripple CEO breaks silence on recent milestones: details

Ripple CEO breaks silence on recent milestones: details

Responding to the company’s latest milestones, Ripple CEO Brad Garlinghouse expressed his excitement about the company’s partnership with digital asset broker and custodian Archax. This collaboration marks an important step forward in the world of financial technology, particularly in the area of ​​asset tokenization.

Responding to the company’s latest milestones, Ripple CEO Brad Garlinghouse expressed his excitement about the company’s partnership with digital asset broker and custodian Archax. This collaboration marks an important step forward in the world of financial technology, particularly in the area of ​​asset tokenization.

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At the ongoing XRP Ledger Apex 2024 event, it was announced that Ripple and Archax would expand their partnership to bring hundreds of millions of dollars in tokenized real-world assets (RWA) to the XRP Ledger over the next year. This move is expected to establish XRPL as one of the leading blockchains for RWA tokenization.

The recent deal marks an expansion of Ripple’s collaboration with Archax, which began in 2022 when Archax partnered with Metaco to provide digital asset custody services to its clients. Ripple acquired Metaco in mid-2023.

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In reaction to this milestone, Garlinghouse highlighted the growing trend among financial institutions to tokenize their real-world assets (RWA) on blockchain platforms such as XRP Ledger (XRPL). This trend is gradually changing the face of asset management.

Archax Partners with Leading Financial Institutions to Enable RWA Tokenization; Thanks to this expanded collaboration, these institutions could use XRPL to tokenize their assets.

Ripple’s CEO is excited because he sees potential in this trend. He anticipates that RWA tokenization will not only continue but expand exponentially in the future. This growth is expected to be driven by the inherent benefits of blockchain technology, along with growing demand.

XRPL is an open source decentralized public Layer 1 blockchain and over the last decade has been home to over 1,000 projects, processed over 2.8 billion transactions without any failures or security breaches since 2012, and supports more of five million active wallets. with a network of more than 120 validators.

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