- Ripple & Meld Gold have joined hands to bring Real World Assets to XRP Ledger.
- This integration will also provide greater transparency for Q3 by ensuring the location of the metals.
Collaboration between Ripple Real-World Assets will be integrated with Meld Gold. XRP Ledger (XRPL) The combination of built-in functionality, institutional grade functionality, and greater accessibility and efficiency will allow for a more efficient and effective use of the system. The According to official releaseThe system would be scalable, secure and efficient. financial Service and usage cases
This collaboration will also allow businesses and developers the opportunity to capitalize on XRPL while providing utilities to those users looking for better solutions. own Interact with RWAs
The Fungible-Gold Delivery will Be in the Q3
CNF’s team reviewed the release and found that Meld Gold integration would deliver fungible silvers on XRPL as well as a fusion of golds in the third-quarter of 2024 (Q3 of 2019). Each token will represent exactly 1g of precious metals owned by giants in the industry such as MKS Pamp or Imperial Vaults.
Meld Gold will also provide the infrastructures needed to bring a variety of assets onto-chain through close work Precious metals and the alternative physical asset industry.
The accountability for metals and their locations would provide greater transparency during the quarter. Meld Gold will be undertaking a number of upgrades, including the “first implementation of patent-pending work on minimized trust systems for connecting physical items to the blockchain.”
Melt Gold #Ripple The two companies are working together to tokenize assets in the real world. #XRP Ledger brings ancient currencies into the financial future. In Q3, they’ll introduce fungible gold and silver assets, with each token representing 1g of precious metals held by industry leaders like… pic.twitter.com/AeXol9BvrB— Collin Brown (@CollinBrownXRP) June 8, 2024
Meld Gold and Ripple Collaboration: More Information
Meld Gold’s CEO Michael Cotton believes that RWA will be a perfect fit for their passion of disrupting the digital world and improving ownership.
Our industry experts have extensive experience across the entire supply chain: from certification and logistics to storage and insurance. For the RWA revolution, our passion to disrupt and advance digital ownership makes us a perfect fit. The industry is delivering systems that only it could create to bring physical assets on-chain.
In the past, blockchain has provided many benefits, such as immediate accessibility to global markets, easy and secure ownership accountability and standard data rails for interoperability. For XRPL it was always a layer 1 decentralized blockchain, known for its reliability and stability. The XRP-powered platform was created to help businesses and developers. It has delivered on this mission perfectly, and is now trusted by over 1,000 builders and businesses around the world.
Experts say that the integration of Meld Gold with XRPL could accelerate the growth and development of XRPL’s DeFi ecosystem. This would provide Meld Gold as the most widely accepted and largest cap assets in the world. XRPL features are available to both new and existing users. These include DEX and AMM as well as payment systems and the upcoming EVM and money market.
The blockchain ecosystem has a number of components that are often ignored. These include how assets are linked to the chain and their precise accounting. In the meantime, trust is always needed for precious metals but often it’s reduced to just what’s required.
The price is likely to rise as a result of this exciting new development. XRP Who had lost? 0.4% Its value has dropped by $0.49 in the past 24 hours.
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