Axelar

Band Protocol

<ul>
  
 <li>Ripple’s XRPL EVM sidechain connects XRP with 55+ blockchains, boosting interoperability and simplifying cross-chain transactions.</li>   
 <li>Band Protocol and DIA oracles on XRPL will provide accurate, real-time data for decentralized finance applications.</li>   
 <li>The MPT standard on XRPL allows complex token structures, revolutionizing asset management on the blockchain.</li> 
</ul>   
<p><a href="https://cryptonewsland.com/ripple-and-archax-expand-partnership-to-boost-rwa-tokenization-on-xrp-ledger/" target="_blank" rel="noreferrer noopener">Ripple (XRP)</a> has been making headlines with several strategic moves aimed at bolstering its ecosystem and enhancing the functionality of the XRP Ledger. These initiatives are set to bring substantial benefits to XRP and the broader blockchain community.</p>   
<h2 class="wp-block-heading" id="h-xrpl-evm-sidechain-and-oracles-integration">XRPL EVM Sidechain and Oracles Integration</h2>   
<p>One of the most significant developments is the <a href="https://peersyst.com/case-study/xrp-ledger-evm-sidechain-bridge/" target="_blank" rel="noreferrer noopener nofollow">XRPL EVM sidechain</a>. This exclusive Axelar bridge will connect eXRP with XRPL and over 55 blockchains.&nbsp;</p>   
<p>This integration is expected to enhance interoperability and provide users with a seamless experience across different blockchain networks. According to Axelar, this bridge will simplify cross-chain transactions and broaden the use cases for XRP.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   https://twitter.com/CollinBrownXRP/status/1820012650698260627 
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</figure>   
<p>Additionally, the integration of Band Protocol and DIA oracles on XRPL is a game-changer for <a href="https://www.coinbase.com/learn/crypto-basics/what-is-defi" target="_blank" rel="noreferrer noopener nofollow">decentralized finance</a> on the platform. Reliable data feeds are crucial for the functioning of DeFi applications, and these oracles will provide accurate and real-time data.&nbsp;</p>   
<p>Another groundbreaking development is the adoption of the MPT (Multi-Party Tokenization) standard on XRPL. This standard will allow for the creation of complex token structures, revolutionizing asset management on the blockchain.&nbsp;</p>   
<p>Moreover, Ripple's deal with Archax is set to bring hundreds of millions in tokenized real-world assets (RWAs) to XRPL. Archax, a digital securities exchange, will facilitate the issuance and trading of these tokenized assets on XRPL.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-innovation-fund-and-whale-alert">Innovation Fund and Whale Alert</h2>   
<p>Ripple's Innovation Fund is another exciting initiative, backing XRPL projects in Japan and Korea. This fund is meant to foster innovation and support startups developing on the XRPL.&nbsp;</p>   
<p><a href="https://cryptonewsland.com/ripples-investment-strategy-urged-by-former-director-amid-expanding-partnerships/" target="_blank" rel="noreferrer noopener nofollow">Ripple's strategic investments</a> in these regions highlight the company's focus on expanding its global footprint and nurturing local blockchain ecosystems. In recent news, Whale Alert, a blockchain tracking service, spotted a massive movement of 500 million XRP.&nbsp;</p>   
<p>OpenEden's addition of over $75 million in US Treasury tokens to XRPL is a noteworthy development. With a total value locked (TVL) of more than $75 million, this move brings traditional financial instruments to the blockchain.</p>   
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>   
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
  
 <li><a href="https://cryptonewsland.com/evm-sidechain-for-xrp-ledger-hits-devnet-v2-a-leap-in-blockchain-innovation/">EVM Sidechain for XRP Ledger Hits Devnet v2: A Leap in Blockchain Innovation</a></li>   
 <li><a href="https://cryptonewsland.com/ripples-xrp-poised-for-large-scale-adoption-with-xrpl-evm/">Ripple's XRP Poised for Large-Scale Adoption with XRPL EVM</a></li>   
 <li><a href="https://cryptonewsland.com/ripple-peersyst-technology-and-cosmos-evmos-make-bullish-announcement-to-build-an-xrp-ledger-evm-sidechain-as-partners/">Ripple, Peersyst Technology, and Cosmos’ evmOS Make Bullish Announcement to Build an XRP Ledger EVM Sidechain as Partners</a></li>   
 <li><a href="https://cryptonewsland.com/nibiru-evm-to-transform-ethereum-capabilities-for-tomorrows-web3/">Nibiru EVM to Transform Ethereum Capabilities for Tomorrow’s Web3</a></li>   
 <li><a href="https://cryptonewsland.com/cardanos-privacy-first-sidechain-midnight-network-set-to-debut/">Cardano’s Privacy-First Sidechain Midnight Network Set to Debut</a></li> 
</ul> 
<p>The post <a href="https://cryptonewsland.com/ripples-moves-implications-for-xrp/">Ripple’s Latest Moves: A Closer Look at the Implications for XRP</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Ripple’s Latest Moves: A Closer Look at the Implications for XRP

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