Ripple and Meld Gold have come together to introduce Real World Assets (RWA) on the XRP Ledger (XRPL) in order to provide secure and efficient use cases for builders and businesses. This collaboration aims to bring greater transparency by holding metals accountable for their location.
The partnership between Ripple and Meld Gold will integrate Real-World Assets (RWA) into the XRP Ledger (XRPL), offering increased access, utility, and efficiency through institutional-grade functionality and features. This move is set to enable secure, efficient, and scalable financial services and use cases, as stated in the official release.
Moreover, this collaboration will empower businesses and developers to capitalize on XRPL opportunities while offering users better ways to engage with RWAs. In an exciting development, Meld Gold will be delivering fungible gold and silver assets on the XRPL in Q3 of this year, with each token representing 1g of precious metal from industry leaders like MKS Pamp and Imperial Vaults.
Meld Gold will also provide the necessary infrastructure to introduce a variety of assets on-chain through close collaboration with the precious metals and alternative physical asset industries. This initiative will bring greater transparency by holding metals accountable for their location and will involve upgrades to implement a patent-pending system for connecting physical items to the blockchain.
The collaboration between Meld Gold and Ripple is set to tokenize real-world assets on the XRP Ledger, bringing traditional currencies into the future of finance. CEO Michael Cotton expressed his enthusiasm for disrupting and advancing digital ownership through the upcoming RWA revolution, leveraging the team’s industry expertise in the supply chain.
The integration of Meld Gold and XRPL is expected to accelerate the growth of the XRPL DeFi ecosystem and offer the world’s most widely accepted large-cap assets on-chain. Users, both new and existing, will benefit from XRPL’s native features, including DEX, AMM, payment systems, and the upcoming EVM side and money market.
In the blockchain ecosystem, the connection of assets to the blockchain and their accurate accountability have often been overlooked. This collaboration aims to minimize trust levels while ensuring the security of precious metals. This development is anticipated to have a positive impact on the price of XRP, which recently experienced a 0.4% decrease in value.