Gold

<ul> 
 <li>A recent collaboration between Ripple and Meld Gold is expected to integrate stablecoins backed by gold and silver on the XRP Ledger (XRPL).&nbsp;</li> 
</ul> 
<ul> 
 <li>This is expected to be delivered in the third quarter of 2024 (Q3 2024), with each token representing 1g of the metal.&nbsp;</li> 
</ul> 
In June, <a href="https://www.crypto-news-flash.com/what-is-ripple-and-what-is-xrp-origin-and-beginner-guide/" target="_blank" rel="noopener">Ripple</a> announced a strategic partnership with technology company Meld Gold to integrate Real World Assets (RWA) into the XRP Ledger (XRPL).&nbsp;As we&nbsp;<a href="https://www.crypto-news-flash.com/ripple-and-meld-gold-forge-partnership-pioneering-real-world-asset-integration-on-xrpl/" target="_blank" rel="noopener">indicated earlier</a>, the collaboration was meant to provide RWA greater access, utility, and efficiency by ensuring that built-in features and institutional-grade functionality are delivered for secure, efficient, and scalable financial services. 
Two months after the partnership, Ripple&nbsp;disclosed that Meld Gold would release two stablecoins on the XRPL. According to the&nbsp;<a href="https://cryptonewsland.com/in-2024-ripple-will-introduce-secure-gold-and-silver-on-the-xrp-ledger/" target="_blank" rel="noopener">report</a>, these stablecoins would be backed by gold and silver, with each token representing 1g of the precious metal held. As the official statement claimed, these would be done by renowned custody providers MKS Pamp and Imperial Vaults. 
Analysts have lauded the idea, claiming that users would be provided with an easier and more secure way to trade digital gold and silver. Liquidity in the precious metal market would also greatly increase as the metals become more accessible.&nbsp; 
In the long run, the adoption of the Ripple network could increase as it may attract investors from both the retail and institutional sectors. New users may also have the opportunity to leverage the XRPL’s native features, such as DEX, AMM, payment systems, the upcoming EVM side, and the money market.&nbsp; 
<h3 id="more-on-the-gold-and-silver-integration-on-xrpl">More on the Gold and Silver Integration on XRPL</h3> 
A blog post announcing this plan indicates that the collaboration would enhance the growth of the Decentralized Financial (DeFi) system.&nbsp; 
According to Michael Cotton, the CEO of Meld Gold, their passion for promoting the growth of digital ownership is important for the RWA revolution.&nbsp; 
<blockquote>
 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.
</blockquote> 
Meld Gold has a reputation for integrating assets on-chain by working closely with precious metals and the alternative physical asset industry.&nbsp; 
According to the report, the digital gold and assets are expected to be integrated into the XRPL in the third quarter of 2024 (Q3 2024). The firm will deliver greater transparency within the period and execute the “first implementation of patent-pending work on minimized trust systems for connecting physical items to the blockchain.” 
<blockquote>
 Utilizing blockchain technology offers significant advantages, such as immediate global accessibility, simple and secure ownership accountability, and standardized data rails for interoperability and velocity. A key component, often overlooked, is how the assets are connected to the blockchain and precisely how they are accounted for…Meld Gold’s subject matter expertise in alternative physical assets and blockchain technology has led to the development of its pioneering technology, slated for release in 2025.
</blockquote> 
To experts, this collaboration underscores Ripple’s potential to influence the money sector by increasing the accessibility of gold and silver. Also, it falls in line with the vision to expand the use of XRPL while facilitating the combination of traditional assets and blockchain technology.&nbsp; 
At press time, <a href="https://www.crypto-news-flash.com/bill-morgan-secs-appeal-against-ripple-has-only-9-chance/" target="_blank" rel="noopener">XRP</a> was trading at $0.61 after surging by 4% in the last 24 hours and 5% in the last seven days.&nbsp; 

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XRP Ledger to Support Secure Gold and Silver in 2024, Says Ripple

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