Ripple and Archax Forge Multi-Million Dollar RWA Tokenization Partnership

EddieJayonCrypto

 13 Jun 24

tl;dr

Ripple and Archax have expanded their partnership to bring hundreds of millions of dollars in tokenized Real-World Assets (RWAs) to the XRP Ledger, positioning it as a leading blockchain for RWA tokenization. Archax's existing partnerships with financial institutions will benefit XRPL, and both comp...

Ripple and Archax have expanded their partnership to bring hundreds of millions of dollars in tokenized Real-World Assets (RWAs) to the XRP Ledger, positioning it as a leading blockchain for RWA tokenization. Archax's existing partnerships with financial institutions will benefit XRPL, and both companies emphasize a compliance-first mindset and commitment to driving blockchain adoption among financial institutions.

Ripple, the blockchain payments company behind XRP, and Archax, a regulated digital asset exchange, are expanding their partnership to bring hundreds of millions of dollars in tokenized Real-World Assets (RWAs) to the XRP Ledger. The move positions the XRP Ledger as a frontrunner in the emerging market for tokenized assets.

In a post on its official X account, Ripple highlighted aspects of the partnership, noting that XRPL will benefit from Archax’s existing partnerships with leading financial institutions in the tokenization of RWAs. As a result, those institutions could use the XRPL to tokenize their assets following the recent Ripple-Archax partnership.