Ripple is embarking on a strategic initiative to tokenise real-world assets by partnering with the Axelar Foundation, aiming to introduce interoperability to the XRP Ledger (XRPL) blockchain.
This collaboration is set to fuel the next phase of growth in the tokenisation of real-world assets (RWAs), enhancing the XRPL's functionality.
Through Axelar’s General Message Passing (GMP), developers will now be capable of executing smart contract calls across more than 55 blockchains, thereby promoting the cross-chain development of decentralised applications on the XRPL, Ripple's open-source public blockchain.
The integration with Axelar is poised to unlock significant benefits, most notably the unlocking of liquidity for stablecoins and major capital assets.
This move represents a pivotal step in expanding the XRPL ecosystem by enabling seamless interaction and transaction execution across a diverse range of blockchain platforms, thereby amplifying the scope and efficiency of decentralised applications deployed on the XRPL.