Ripple Labs Inks NEW Partnership Deal

Ripple Labs has inked a new partnership deal geared at improving multi-asset tokenization for the blockchain firm.

The blockchain company will be partnering with Zoniqx, a firm specializing in multi-asset tokenization, to bring real-world assets on-chain.

Analysts estimate total global wealth to equal roughly $454 trillion. All of that wealth could potentially be headed to the blockchain as investors, businesses, and speculators look to improve asset liquidity and the velocity of money.

Ripple appears to be the leading blockchain network exploring the possibilities of bringing real-world assets on-chain. Ripple X announced on Monday:

“Today, Zoniqx Inc. and Ripple are partnering to bring multi-asset tokenization onto the XRPLedger. This partnership aims to revolutionize asset tokenization on the XRPL, making it more efficient, accessible, and liquid in the digital asset market.”

Today, @zoniqxinc and Ripple are partnering to bring multi-asset tokenization onto the #XRPLedger.

This partnership aims to revolutionize asset tokenization on the #XRPL, making it more efficient, accessible, and liquid in the digital asset market.https://t.co/OHyAMUOXA6

— RippleX @ #ETHDenver2024 (@RippleXDev) February 26, 2024

“When Real World Assets Are integrated into the blockchain the narrative changes” 😏

Global wealth = $454 Trillion

This is the amount of capital that could end up flow into digital assets

Ripple-Zoniqx RWA Partnership = BULLISH 🤝 https://t.co/hVE9HHa1Md pic.twitter.com/BDxQShzSyE

— SMQKE (@SMQKEDQG) February 26, 2024

Yahoo Finance went into further detail about the operations at Zoniqx:

Zoniqx, formerly known as Tassets, stands as a beacon in financial technology from Silicon Valley, specializing in Tokenization Platform as a Service (TPaaS).

It adeptly transforms Real World Assets into Digital Assets. The cornerstone of its offerings, the Tokenized Asset Lifecycle Management (TALM) solution, embraces the DyCIST – Dynamic Compliant Interoperable Security Token (ERC-7518) standard, ensuring utmost security and scalability.

Central to Zoniqx’s ecosystem is SecureConnect, a groundbreaking platform that seamlessly bridges asset tokenization with institutional liquidity, amplifying market reach and ensuring compliance.

This synergy positions Zoniqx not just as a provider but as an innovator at the forefront of digital asset transformation.

Wrath of Kahneman explained: “They also tokenize real estate and their big 2023 partner was Red Swan. Their tech powers Red Swan’s real estate token engine. Both carbon credits & real estate have been explored by Ripple, specifically, and RWA in general.”

6. Zoniqx reg compliance seems a good match for Ripple. The mention of AI also resounds. This blogpost covers their active 2023 accomplishments, but OMG, these are product names that could only be forged in the Stygian hells of fintch sulfur. https://t.co/m1DkBnOwne pic.twitter.com/JGbIBluS1W

— WrathofKahneman (@WKahneman) February 26, 2024

XRP News: Ripple and Zoniqx Brings Multi-Asset Tokenization on XRP Ledger

Zoniqx and Ripple join forces to transform asset tokenization on the XRP Ledger, leveraging blockchain infrastructure for efficiency and accessibility.https://t.co/iufIMdvE1g

— 🇳🇱 MackAttackXRP® 🇳🇱 66K-XRP-Followers (@MackAttackXRP) February 23, 2024

According to Cryptopolitan:

With projections indicating that the tokenization market could reach $16 trillion by 2030, Ripple’s foray into this space, alongside financial giants like J.P. Morgan and Bank of America, underscores the potential of blockchain technology in revolutionizing asset management and investment.

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