Ripple and Meld Gold have come together to introduce Real World Assets (RWA) on XRP Ledger (XRPL), aiming to provide secure, efficient, and beneficial use cases for builders and businesses. This collaboration will enhance transparency in Q3 by tracking metals and their locations.
The partnership between Ripple and Meld Gold will bring Real-World Assets (RWA) to XRPL, offering greater accessibility, utility, and efficiency through institutional-grade functionality and built-in features. This integration will enable secure and scalable financial services and use cases, providing a platform for businesses and developers to capitalize on XRPL opportunities.
In the upcoming months, Meld Gold will deliver fungible gold and silver assets on XRPL, with each token representing 1g of precious metals from industry leaders like MKS Pamp and Imperial Vaults. This integration will also pave the way for introducing a variety of assets on-chain, enhancing transparency through accountability of metals and their locations.
Meld Gold CEO, Michael Cotton, believes that the RWA revolution aligns with their mission of advancing digital ownership. The collaboration with Ripple will leverage blockchain technology to provide global accessibility, secure ownership accountability, and standardized data rail for interoperability and velocity. XRPL, known for its reliability and stability, is trusted by over 1,000 builders and businesses globally.
The integration of Meld Gold and XRPL is expected to boost the XRPL DeFi ecosystem and offer the world’s largest-cap assets on-chain. Users can utilize XRPL’s native features, including DEX, AMM, payment systems, and upcoming EVM side and money market functionalities. This development will address the crucial aspect of connecting assets to the blockchain and ensuring precise accounting, particularly for precious metals.
This partnership is anticipated to have a positive impact on the price of XRP, which recently traded at $0.49. As the collaboration unfolds, it will open new possibilities for users and businesses, showcasing the potential of blockchain technology in revolutionizing digital ownership and asset management.