The partnership between Ripple and Axelar is part of a strategic move into tokenizing real-world assets.
Ripple is partnering with the Axelar Foundation to add interoperability to the XRP Ledger (XRPL) blockchain, targeting the next stage of growth for the tokenization of real-world assets (RWAs).
The partnership will enable developers to use Axelar’s General Message Passing (GMP) to execute calls on smart contracts residing on over 55 blockchains, facilitating the cross-chain deployment of decentralized applications on the XRPL — Ripple’s open-source public blockchain.
Benefits of the integration include unlocking liquidity for stablecoins and large-cap assets, according to the companies.
