AD
AD
News

Ripple and Meld Gold Forge Partnership: Pioneering Real-World Asset Integration on XRPL

John KumiBy 0Edited by Alex Morrison 9. June 20244 Mins Read
XRP ETF
  • Ripple and Meld Gold join hands to introduce Real World Assets (RWA) on XRP Ledger (XRPL) to enable secure, efficient and use cases for the benefit of builders and businesses. 
  • The integration would also ensure the delivery of greater transparency in Q3 via the accountability of metals and their location. 

A strategic collaboration between Ripple and Meld Gold would see Real-World Assets (RWA) integrated into XRP Ledger (XRPL) coupled with the offering of greater access, utility, and efficiency through the provision of institutional-grade functionality and built-in features. According to the official release, this would enable secure, efficient, and scalable financial services and use cases.

In addition to that, the collaboration will enable businesses and developers to build on XRPL opportunities while offering utilities to users seeking better ways to own and interact with RWAs. 

Fungible Gold to be Delivered in Q3

The release reviewed by the CNF team discloses that the initial integration of Meld Gold would ensure that fungible golds are delivered in addition to silver assets on XRPL in the third quarter of this year (Q3 2024). Interestingly, each token would adequately represent 1g of the corresponding precious metal possessed by industry giants such as MKS Pamp and Imperial Vaults. 

On top of that, Meld Gold would deliver the needed infrastructures meant to introduce a range of assets on-chain via close work with precious metals and alternative physical asset industries. 

After all of these, it would deliver greater transparency within the quarter through the accountability of metals held and their location. Meld Gold would embark on a series of upgrades including the “first implementation of patent-pending work on minimized trust systems for connecting physical items to the blockchain.”

Meld Gold and #Ripple are teaming up to tokenize real-world assets on the #XRP Ledger, bringing ancient currencies to the future of finance. In Q3, they’ll introduce fungible gold and silver assets, with each token representing 1g of precious metals held by industry leaders like… pic.twitter.com/AeXol9BvrB— Collin Brown (@CollinBrownXRP) June 8, 2024

More on the Meld Gold and Ripple Collaboration

According to Meld Gold CEO Michael Cotton, the upcoming RWA revolution would perfectly fit their passion for disrupting and advancing digital ownership. 

Our team of industry experts has deep experience in every component of the supply chain, from origination, certification, and logistics, to storage and insurance. Our passion for disrupting and advancing digital ownership is ideal for the coming RWA revolution. This is the industry, delivering the systems only they could design, to bring the physical world on-chain.

Over the years, blockchain technology has been leveraged for advantages including immediate global accessibility, simple and secure ownership accountability, and standardized data rail for interoperability and velocity. For XRPL, it has always existed as a decentralized layer 1 blockchain known for its long reliability and stability in the tokenization and the exchanging of crypto native and RWA. It is powered by XRP and was designed to support businesses and builders. Having perfectly delivered this mandate, it is trusted by more than 1,000 visionary builders and businesses worldwide. 

According to experts, the integration of Meld Gold and XRPL would accelerate the growth of the XRPL DeFi ecosystem and provide the world’s most accepted largest-cap assets on-chain. New and existing users can equally take advantage of the XRPL’s native features which include DEX, AMM, payment systems, and the coming EVM side and money market.

In the blockchain ecosystem, how the assets are connected to the blockchain and how they are precisely accounted for have been the main components often overlooked. Meanwhile, precious metals always require trust but it is often minimized to the required level. 

This exciting development is expected to positively impact the price of XRP which had lost 0.4% of its value in the last 24 hours to trade at $0.49. 

 

Recommended for you:

Subscribe to our daily newsletter!


>> Subscribe <<

          No spam, no lies, only insights. You can unsubscribe at any time.

This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.

John is a seasoned cryptocurrency and blockchain writer and researcher, boasting an extensive track record of years immersed in the ever-evolving digital frontier. With a profound interest in the dynamic landscape of emerging startups, tokens, and the intricate interplay of demand and supply within the crypto realm, John brings a wealth of knowledge to the table. His academic background is marked by a Bachelor's degree in Geography and Economics, a unique blend that has equipped him with a multifaceted perspective. This diverse educational foundation allows John to dissect the geographical and economic factors influencing the cryptocurrency market, offering insights that go beyond the surface. John's dedication to the crypto and blockchain space is not merely professional but also personal, as he possesses a genuine passion for the technologies that underpin this revolutionary industry. With his astute research skills and commitment to staying at the forefront of industry trends, John is a trusted voice in the world of cryptocurrencies, helping readers navigate the complex and rapidly changing terrain of digital assets and blockchain innovation. John Kiguru is an accomplished editor with a strong affinity for all things blockchain and crypto. Leveraging his editorial expertise, he brings clarity and coherence to complex topics within the decentralized technology sphere. With a meticulous approach, John refines and enhances content, ensuring that each piece resonates with the audience. John earned his Bachelor's degree in Business, Management, Marketing, and Related Support Services from the University of Nairobi. His academic background enriches his ability to grasp and communicate intricate concepts within the blockchain and cryptocurrency space. Business Email: info@crypto-news-flash.com Phone: +49 160 92211628

Related Posts

Exit mobile version