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<a href="https://bitcoinworld.co.in/ripple-and-axelar-partner-to-boost-real-world-asset-tokenization-on-xrp-ledger/" title="Ripple and Axelar Partner to Boost Real-World Asset Tokenization on XRP Ledger" rel="noopener noreferrer nofollow"></a>
Ripple and the Axelar Foundation <a href="https://twitter.com/axelarnetwork/status/1762480558062662074" rel="noopener noreferrer nofollow">partner</a> to enhance interoperability on the XRP Ledger (XRPL) blockchain, aiming to propel the next phase of real-world asset (RWA) tokenization.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Ripple</a> and <a href="https://twitter.com/Axl_Foundation?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Axl_Foundation</a> are <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f91d.png" alt="🤝" class="wp-smiley" style="height: 1em; max-height: 1em;">, supporting a pioneering step forward for XRP Ledger <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/1WPrAisMoL" rel="noopener noreferrer nofollow">pic.twitter.com/1WPrAisMoL</a>
 — Axelar Network (@axelarnetwork) <a href="https://twitter.com/axelarnetwork/status/1762480558062662074?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 27, 2024</a>
</blockquote>
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This strategic partnership will empower developers to utilize Axelar’s General Message Passing (GMP) technology.&nbsp;
GMP allows them to execute calls on smart contracts across over 55 blockchains.&nbsp;
This capability facilitates the deployment of decentralized applications (dApps) on the XRPL, fostering a more interconnected ecosystem.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/ripple-ceo-brad-garlinghouse-says-it-makes-sense-to-have-xrp-etf/" aria-label="“Ripple CEO Brad Garlinghouse Says It “Makes Sense” To Have XRP ETF” (Edit)" rel="noopener noreferrer nofollow">Ripple CEO Brad Garlinghouse Says It “Makes Sense” To Have XRP ETF</a>
“Real-world asset tokenization will be the driving force of the blockchain economy,” said David Schwartz, Ripple’s Chief Technology Officer and XRPL co-creator.&nbsp;
He envisions widespread adoption of tokenized RWAs by traditional lending platforms, enabling collateralized loans.
The XRPL, established over a decade ago, has witnessed an 8.8% increase in daily activity volume during 2023, driven by diverse transaction types, with a notable 73.7% growth in non-fungible token activity, as reported by Messari.
Axelar, a Canadian startup founded in 2020 by former Algorand team members and MIT graduates, provides an inter-blockchain communication layer.&nbsp;
This technology enables networks to exchange data securely without requiring intermediaries or centralized entities.
Tokenization involves converting ownership rights into digital tokens on a blockchain.&nbsp;
These tokens represent real-world assets like real estate, artwork, or company shares, simplifying their buying, selling, and trading processes.
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 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
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The post <a href="https://bitcoinworld.co.in/ripple-and-axelar-partner-to-boost-real-world-asset-tokenization-on-xrp-ledger/" rel="noopener noreferrer nofollow">Ripple and Axelar Partner to Boost Real-World Asset Tokenization on XRP Ledger</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Ripple and Axelar Partner to Boost Real-World Asset Tokenization on XRP Ledger

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