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TokenizationXRPL Events

Ripple & Archax Partner Up! Millions in RWAs to Hit XRPL

Ripple has announced an expanded partnership with Archax, the UK’s first Financial Conduct Authority-regulated digital asset exchange. This collaboration aims to bring hundreds of millions of dollars worth of tokenized real-world assets (RWAs) onto the XRP Ledger (XRPL) over the next year, establishing XRPL as a leading blockchain for RWA tokenization.

Major Announcement at XRP Ledger APEX 2024

The partnership was unveiled at XRP Ledger APEX 2024, held from June 11-13 in Amsterdam. This collaboration is expected to significantly influence the future of asset tokenization on the XRPL.

Archax works with top financial institutions to tokenize their RWAs. Through this partnership, these institutions can now use XRPL for tokenizing their assets, creating various new opportunities. This agreement marks a significant development in the Ripple-Archax relationship, which started in 2022 when Archax collaborated with Metaco for digital asset custody services. Ripple’s acquisition of Metaco in mid-2023 further strengthened this partnership.

Why XRPL?

The XRPL is an open-source, decentralized Layer 1 blockchain with built-in tokenization features, a native decentralized exchange, and compliance capabilities. It is designed to support high-level financial applications. XRPL’s advanced infrastructure includes an Automated Market Maker (AMM), upcoming features like Decentralized Identifier (DID), Multi-Purpose Tokens (MPT) capability, a Lending Protocol, and Oracles.

Features to Know

Over the past decade, XRPL has hosted over 1,000 projects and processed more than 1.8 billion transactions without failures or security breaches. It supports over 5 million active wallets and has a network of more than 120 validators. This strong track record makes it an ideal platform for RWA tokenization and institutional-grade decentralized finance (DeFi).

Ripple’s partnership with Archax is poised to transform the tokenization of real-world assets, utilizing XRPL’s advanced features and proven reliability. This collaboration promises to open new doors for financial institutions, positioning XRPL as a key player in the future of asset tokenization.

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Digital AssetsXRPL Events

Ripple CEO Voices Support for XRP Community

The XRPL Apex event, a global summit hosted by Ripple, is happening in Amsterdam from June 11th to 13th, 2024. This key gathering brings together developers, innovators, businesses, and investors who are building the future of finance on the XRP Ledger blockchain.

Adding to the event momentum, Ripple CEO Brad Garlinghouse publicly expressed his support for the XRP community. A tweet featuring a picture of Garlinghouse alongside Ripple CTO David Schwartz at the event included the message “We’re ready for you,” underscoring Ripple’s commitment to the XRP ecosystem.

XRPL Apex Marks a Milestone for the XRP Ledger

The XRPL Apex summit signifies a significant milestone for the XRP Ledger. The event serves as a platform for collaboration and knowledge sharing, fostering a vibrant community that is actively shaping the future of the XRP Ledger.

With a growing number of community-led events and increasing participation, the XRP ecosystem is experiencing a surge in activity and innovation. This growth coincides with Ripple’s leadership taking a proactive role in the community’s progress, acting not just as observers but as facilitators and active participants.

The XRPL Apex event is generating significant buzz within the XRP community. Key takeaways from the summit’s sessions are already being shared on social media. The official XRP Ledger Apex social media handle highlighted a crucial point from Ripple CTO David Schwartz’s presentation: “Interoperability… extremely important.

XRP Gold Coast 2024: A Successful Precedent

The recently concluded XRP Gold Coast 2024 conference set a high standard for community-driven events. Held in Australia from March 22-24, the conference attracted significant attention with noteworthy keynote speakers like Massachusetts senatorial candidate John Deaton and SpendTheBits founder Jay Kambo.

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Ripple CEO Voices Support for XRP Community

xrpl news

Judge Torres Sets Timeline for SEC vs XRP

Judge Torres Sets Timeline for SEC vs XRP Remedies in Court Filing

Earlier today, Attorney James K. Filan stated that Judge Analisa Torres has established the timeline for the “remedies discovery and briefing” associated with the U.S. Securities and Exchange Commission (SEC) vs. XRP case.

Meanwhile, a member of the crypto community on X claimed, “This timeline means no chance an appeal would be issued before mid-2026 by the second Circuit.” Moreover, he emphasized that Judge Torres’ ruling on July 13, 2023, would remain firm for a considerable period.

Lawyer Jeremy Hogan shared that the final briefs due in April 2024 suggested a possible final judgment in July. He highlighted that Ripple remained the sole defendant, indicating that the defense has significantly reduced the case’s scope to just 20% of its original size. He questioned how much of the case would remain by July, emphasizing the importance of hiring top lawyers.

Furthermore, lawyer Bill Morgan noted that the SEC’s brief on remedies is scheduled for submission just nine days before the beginning of the 2024 XRP Gold Coast Conference, hosted by the Wave of Innovation.

Morgan also highlighted that John Deaton is slated to be a keynote speaker at the conference, where there will be valuable insights shared on this aspect of the case. Morgan also speculated on the possibility of the case settling before the conference.

Morgan countered arguments from Bitcoin advocates like ScamDaddy on X (formerly known as Twitter) regarding Ripple’s win against the SEC. Morgan argued that Judge Torres’s Howey Test analysis of XRP gave its supporters an edge in debates against Bitcoin maximalists.

ScamDaddy contended that Torres’s ruling was unclear on whether XRP is a commodity or a security, but Morgan disagreed, saying that the judge stated that XRP by itself isn’t a security. He maintained that the ruling is valid despite the SEC’s ambiguity on XRP’s status, providing a counterargument for XRP holders against Bitcoin maximalists.