At the ongoing Money 20/20 Europe 2024 event held in Amsterdam, Ripple President Monica Long shared insights into the company’s latest push and strategic initiatives.
At the ongoing Money 20/20 Europe 2024 event held in Amsterdam, Ripple President Monica Long shared insights into the company’s latest push and strategic initiatives.
Speaking with CNBC’s Arjun Kharpal, Long highlighted the growing demand for real-world asset (RWA) tokenization among Ripple’s custody clients and the company’s entry into the stablecoin market.
“It’s great to catch up with Arjun Kharpal in beautiful Amsterdam about Ripple’s recent momentum, including the growing demand for RWA tokenization from our custody clients and our entry into the stablecoin market,” Long wrote in a tweet.
Long expresses optimism about Ripple’s current trajectory, particularly as it relates to RWA tokenization.
Tomiwabold OlajideReal-world assets (RWA) are being explored on XRPL in several ways. Along these lines, Zoniqx, a pioneer in digital asset management, and Ripple are collaborating to deliver Zoniqx tokenization services to XRP Ledger.
In addition to talking about RWA tokenization, Long highlighted Ripple’s recent entry into the stablecoin market.
Earlier this year, in April, Ripple announced plans to create a USD-pegged stablecoin on both XRPL and Ethereum, using XRPL’s native functionality and ERC-20 token standards, respectively. The stablecoin will be fully backed by US dollar deposits, short-term US Treasuries “and other cash equivalents,” with monthly third-party certifications. Ripple’s president expressed hope for the stablecoin’s launch this year.
Ripple’s momentum is further bolstered by its strategic partnerships as it continues to collaborate with financial institutions and technology providers to drive the adoption of blockchain technology and digital assets.
Yesterday, ripple Announced its partnership with global payments solutions provider Clear Junction to improve sterling and euro payments for its customers. The collaboration, according to Ripple, would strengthen its cross-border payment solutions, ensuring faster and more secure transactions in the UK and EU.
