Ripple and Archax Extend Collaboration to Boost Real-World Asset Tokenization on XRP Ledger

Ripple, a leading enterprise in blockchain and crypto solutions, and Archax, the UK’s first regulated digital asset exchange, have announced an extension to their existing collaboration on June 13, 2024. This partnership aims to bring hundreds of millions of dollars of tokenized real-world assets onto the XRP Ledger over the next year, positioning the XRPL as a leading blockchain for such tokenization. The collaboration will enable financial institutions to tokenize their assets, creating numerous downstream use cases. This agreement builds upon the relationship established in 2022 when Archax collaborated with Metaco, later acquired by Ripple, to offer digital asset custody services. Both Ripple and Archax share a compliance-first mindset and work proactively with global regulators and policymakers. The announcement was made at the XRP Ledger APEX 2024 summit in Amsterdam.

Source: Bitcoin

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