Ripple and ArchaxEx Partner to Bring Tokenized Real-World Assets to XRP Ledger

On June 13, 2024, Ripple made a significant announcement on its social media platform X (formerly known as Twitter), despite its ongoing legal challenges with the SEC.  

The announcement revealed that Ripple and ArchaxEx are expanding their partnership to introduce hundreds of millions of dollars in tokenized real-world assets (RWAs) to the XRP Ledger within the next year. 

This bold move reinforces the position of the XRP Ledger (XRPL) as a prominent blockchain for RWA tokenization. ArchaxEx collaborates with top-tier financial institutions to facilitate the tokenization of RWAs. 

As a result of this extended collaboration, these institutions will now be able to leverage XRPL to tokenize their assets.  

According to Ripple, this initiative marks the beginning of the next significant adoption phase for the industry, during which blockchain technology will deliver tangible value in financial markets at a large scale.