Ripple (XRPUSD)

[europa7]

Hill Delivers Remarks at Hearing on How Tokenization of Real-World Assets Will Facilitate Efficient Markets
https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=409286

Ripple and Archax Partner on Tokenization of Real-World Assets
https://www.pymnts.com/partnerships/2024/ripple-and-archax-partner-on-tokenization-of-real-world-assets/

"...This collaboration brings together Ripple’s enterprise blockchain and crypto solutions and Archax’s capabilities as a U.K. Financial Conduct Authority (FCA)-regulated digital asset exchange, broker and custodian, the companies said in a Wednesday (June 13) press release.

Because Archax works with financial institutions to enable them to tokenize their financial RWAs, this collaboration will allow those institutions to select the XRPL to do so, according to the release.

“We have hit the tipping point for mainstream adoption of digital assets for real-world use cases,” Graham Rodford, CEO at Archax, said in the release. “There is clear real-world utility in use cases like RWA tokenization for the operational efficiency, access to liquid markets and transparency inherent to crypto, and Archax has already tokenized assets such as equities, debt instruments and money market funds.”

The XRPL is an open-source public decentralized Layer 1 blockchain built to power institutional-grade financial use cases, according to the release. Its built-in capabilities include tokenization, a native decentralized exchange and compliance features..."