Ripple and Archax Expand Collaboration to Tokenize Real-World Assets

Summary:
Ripple and Archax have expanded their collaboration to tokenize hundreds of millions of dollars in real-world assets (RWAs) on the XRP Ledger (XRPL) over the next year. Ripple’s blockchain and crypto solutions will be combined with Archax’s expertise as a U.K. FCA-regulated digital asset exchange, broker, and custodian. This partnership aims to facilitate financial institutions in tokenizing their RWAs using the XRPL, which offers operational efficiency, access to liquid markets, and transparency. With the XRPL’s robust infrastructure, including over 1,000 projects and 2.8 billion transactions, the collaboration is poised to drive mainstream adoption of blockchain technology in financial markets. Additionally, Ripple has launched the XRPL Japan and Korea Fund to foster innovation in these regions.