Enterprise blockchain solutions provider Ripple this week announced a new partnership with digital asset management leader Zoniqx (formerly Tassets). This strategic partnership will integrate Ripple's efficient XRP Ledger (XRPL) infrastructure with Zoniqx's cutting-edge tokenization platform.
The partnership aims to simplify the issuance of real-world asset tokens on the high-speed XRPL blockchain, which supports both native XRP and customizable tokens.
By combining XRPL's low-cost platform with Zoniqx's tokenization solution, the partners aim to make traditionally illiquid assets more efficient, accessible, and liquid in digital markets.
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This integration effectively enables multi-asset tokenization directly on the XRP Ledger, leveraging its inherent scaling capabilities and low fees to maximize efficiency benefits.
Zoniqx also uses the proprietary Dynamic Compliant Security Token Standard (DyCIST) framework to ensure regulatory compliance and interoperability.
XRP soars 5% amid market rally
Through the alliance, token issuers can seamlessly connect to XRPL and provide an intuitive user flow for asset digitization. Primary users can easily create an account, undergo KYC verification, and submit a purchase offer to own the segmented tokens, enhancing overall market access for next generation railways.
RippleX Senior Vice President Markus Infanger welcomed this milestone “On the journey to realizing the Internet of Value”.” He cites XRPL's unparalleled scalability for global asset tokenization demands.
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By integrating Zoniqx's full-lifecycle tokenization services with Ripple's high-performance, low-cost XRPL, this partnership essentially creates a turnkey solution for institutions to convert analog assets into digitally tradable tokens. form.
According to data from CoinGecko, XRP has surged 5% in the past 24 hours. This can be mainly attributed to recent collaborations and the overall market surge. XRP is trading at $0.5613 at the time of writing, up from a 24-hour low of $0.5292.
