Ripple and Meld Gold have come together to introduce Real World Assets (RWA) on the XRP Ledger (XRPL), aiming to provide secure and efficient solutions for builders and businesses. This collaboration will enhance transparency by holding metals accountable for their location in Q3.
The partnership between Ripple and Meld Gold will seamlessly integrate Real-World Assets (RWA) into the XRP Ledger (XRPL), offering enhanced access, functionality, and efficiency. This move is set to provide secure and scalable financial services and use cases for users, as stated in the official release.
Furthermore, this collaboration will empower businesses and developers to leverage XRPL’s opportunities and provide users with better ways to interact with RWAs. In Q3 of this year, Meld Gold will introduce fungible gold and silver assets on XRPL, with each token representing 1g of precious metals from industry leaders like MKS Pamp and Imperial Vaults.
Meld Gold will also introduce infrastructures to bring a variety of assets on-chain by working closely with precious metals and other physical asset industries. This initiative will enhance transparency by holding metals accountable for their location and implementing innovative trust systems for connecting physical items to the blockchain.
Meld Gold CEO Michael Cotton expressed excitement for the upcoming RWA revolution, highlighting their team’s expertise in disrupting and advancing digital ownership. The integration of Meld Gold and XRPL is expected to boost the growth of the XRPL DeFi ecosystem and provide the largest-cap assets on-chain, benefiting both new and existing users.
In the blockchain ecosystem, the connection and accountability of assets on the blockchain are crucial factors often overlooked. This collaboration is anticipated to have a positive impact on the price of XRP, which recently experienced a slight decline. With the integration of Meld Gold and XRPL, the future of finance looks promising with the tokenization of real-world assets on the XRP Ledger.