HomeNewsCoindeskRipple Integrates Wormhole With XRP Ledger to Power Institutional Multichain Moves

Ripple Integrates Wormhole With XRP Ledger to Power Institutional Multichain Moves

-


Ripple is pushing deeper into multichain interoperability with the integration of Wormhole, a leading cross-chain messaging protocol, with the XRP Ledger (XRPL) and its EVM-compatible sidechain.

The move, announced Thursday, aims to support institutional demand for seamless movement of crypto assets, including stablecoins and tokenized real-world assets, across multiple blockchain networks, without added friction or fragmentation.

jwp-player-placeholder

Wormhole’s integration unlocks the ability to transfer the blockchain’s native token XRP

, issued assets and multi-purpose tokens across more than 35 supported chains, including Ethereum , Solana and Avalanche .

Developers can also initiate cross-chain smart contract interactions using Wormhole’s messaging infrastructure. Ripple says the upgrade will help developers and institutions build multichain applications that prioritize compliance, low cost, and fast settlement.

“If you want real mass adoption, interoperability is essential. The infrastructure has to be there, not just on one chain, but across them,” said David Schwartz, the CTO of Ripple, in a press release shared with CoinDesk. “With this integration, tokens natively issued on the XRP Ledger are being set up for that reality by being able to move between blockchain networks while maintaining native issuance, and control.”

The development comes as the XRP Ledger increasingly positions itself as a hub for institutions and tokenized real-world assets such as real estate. For example, Dubai’s first real estate tokenization platform was built on XRPL, which allows qualified investors to buy fractional shares in apartments and tokenizes title deeds on the network.

Ripple, a payments-focused blockchain development firm with close ties to XRPL, also issues its own regulated stablecoin Ripple USD {{RLUSD}}. The token has a $400 million supply across XRP and Ethereum chains, rwa.xyz data shows.

Read more: XRP Ledger’s Ethereum-Compatible Sidechain to Go Live in Q2





Source link

News source: Ripple Integrates Wormhole With XRP Ledger to Power Institutional Multichain Moves
Read the full article and more directly from the source!

Enjoying our initiative? Support us with a BTC donation:
BTC Wallet: bc1q0faa2d4j9ezn29uuf7c57znsm5ueqwwfqw9gde

LATEST POSTS

OranjeBTC To List On Brazil’s B3 Bringing Bitcoin To Markets

Brazil is about to see something new on its stock exchange: a company going public not for its products, but for its bitcoin.  OranjeBTC, founded...

Tether Seeks $500 Billion Valuation, Wants $20 Billlion Stake

Tether Holdings SA, the issuer of the world’s largest stablecoin, is reportedly in talks with investors to raise as much as $20...

FTX Trust Files $1.15 Billion Lawsuit Against Bitcoin Miner Genesis Digital

The FTX Bankruptcy Trust has filed a $1.15 billion lawsuit against Bitcoin mining firm Genesis Digital Assets, marking one of the largest...

Federal Reserve Rate Cut Fails To Lift Bitcoin Price Past $118,000

Bitcoin Price Weekly Outlook Bitcoin price closed last week at $115,333, rejecting the $118,000 resistance level. After three straight weeks of gains, Bitcoin bulls finally...

Most Popular

spot_img