The post a collaboration for the tokenization of RWA appeared on BitcoinEthereumNews.com.

Today Ripple announced the extension of its collaboration with Archax to promote the tokenization of Real World Asset (RWA).  Just announced at #XRPLApex! 1/ Ripple & @ArchaxEx are expanding their partnership to bring hundreds of millions of dollars in tokenized real-world assets (RWAs) to the XRP Ledger over the next year. This move solidifies the #XRPL as a leading blockchain for RWA tokenization.⬇️ — Ripple (@Ripple) June 13, 2024 The objective of this extension is to bring hundreds of millions of dollars of tokenized RWA assets onto the XRP Ledger over the course of the next year. Ripple: The tokenization and the RWA For a long time, many have believed that tokenization and RWAs will become a key element in the growth of the crypto markets.  The basic idea is to use tokens that can be created and exchanged on blockchain to represent on-chain assets of the real world, both physical and intangible.  The creation of tokens has now become very simple, but the problem in this case lies in the connection with real assets, which in themselves are not intrinsically tokenizable.  Once the problem of the direct connection between the tokens and the real assets is solved, the latter can be said to be successfully tokenized, and the tokens thus created are called RWA (Real World Asset). The collaboration of Ripple for the tokenization of RWA The idea of Ripple is to make XRPL (XRP Ledger) one of the main blockchains for the tokenization of Real World Assets. To achieve this, they have decided to extend their collaboration with Archax, which in turn collaborates with the main financial institutions to enable them to tokenize their financial RWA.  The objective of this extension is to lead financial institutions to use XRPL to tokenize their RWA. The collaboration between Ripple and…

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Filed under: News - @ June 13, 2024 4:16 pm