Ripple and Archax have expanded their partnership to tokenize hundreds of millions of real-world assets on the XRP Ledger, enhancing the blockchain’s utility for institutional-grade financial use cases.
Ripple, a pioneer in business blockchain and cryptocurrency solutions, has announced an extension of its collaboration with Archax, the UK’s first digital asset exchange, broker, and custodian licensed by the Financial Conduct Authority (FCA). Over the next year, this partnership aims to tokenize real-world assets valued at hundreds of millions of dollars on the XRP Ledger, solidifying XRPL’s position as a top blockchain for RWA tokenization.
Blockchain researcher Collin Brown expressed excitement about this development, stating, “This is a significant step towards mainstream adoption of blockchain in financial markets.”
Archax plays a crucial role in the tokenization of financial RWAs, working closely with top financial institutions to bring these assets onto the XRPL for tokenization. This collaboration builds upon a previous alliance that began in 2022 when Archax and Metaco joined forces to provide custody services for digital assets. Ripple’s acquisition of Metaco in 2023 further strengthened this partnership, aligning with previous reports from CNF.
The XRPL, as a public, decentralized Layer 1 blockchain, offers built-in tokenization capabilities, a native decentralized exchange, and compliance features tailored for institutional-grade financial use cases. Markus Infanger, SVP of RippleX, highlighted the potential of blockchain technology to revolutionize financial markets at scale.
With a commitment to compliance, Ripple and Archax work closely with governments and regulators worldwide to integrate blockchain and cryptocurrency technologies into the global financial system. Archax, as the first and only FCA-regulated digital securities exchange, custodian, and brokerage, is well-positioned to offer clients the benefits of decentralized finance through RWA tokenization.
CEO Graham Rodford emphasized the advantages of RWA tokenization, noting that Archax has already tokenized assets such as money market funds, debt instruments, and stocks. As financial institutions recognize the efficiency, liquidity, and transparency offered by cryptocurrencies, Archax is eager to facilitate their adoption of this technology on the XRPL.
The XRPL’s advanced features, including Oracles, a Decentralized Identifier (DID), Multi-Purpose Tokens (MPT) capacity, and an Automated Market Maker (AMM), make it a reliable platform for institutional-grade DeFi and RWA tokenization. With over 120 validators and a track record of handling billions of transactions securely, the XRPL continues to demonstrate its capabilities.
Meanwhile, XRP is currently trading at around $0.4864, showing a slight increase of 0.14% in the last 24 hours. Ripple recently integrated the Axelar Bridge into the XRPL sidechain, further enhancing its versatility and adaptability as a blockchain for various use cases and applications.
