Ripple Integrates Wormhole With XRP Ledger to Power Institutional Multichain Moves
Ripple is pushing deeper into multichain interoperability with the integration of Wormhole, a leading cross-chain messaging protocol, with the XRP Ledger (XRPL) and its EVM-compatible sidechain.
The move, announced Thursday, aims to support institutional demand for seamless movement of crypto assets, including stablecoins and tokenized real-world assets, across multiple blockchain networks, without added friction or fragmentation.
Wormhole’s integration unlocks the ability to transfer the blockchain’s native token XRP XRP, issued assets and multi-purpose tokens across more than 35 supported chains, including Ethereum ETH, Solana SOL and Avalanche AVAX.
Developers can also initiate cross-chain smart contract interactions using Wormhole’s messaging infrastructure. Ripple says the upgrade will help developers and institutions build multichain applications that prioritize compliance, low cost, and fast settlement.
"If you want real mass adoption, interoperability is essential. The infrastructure has to be there, not just on one chain, but across them," said David Schwartz, the CTO of Ripple, in a press release shared with CoinDesk. "With this integration, tokens natively issued on the XRP Ledger are being set up for that reality by being able to move between blockchain networks while maintaining native issuance, and control."
The development comes as the XRP Ledger increasingly positions itself as a hub for institutions and tokenized real-world assets such as real estate. For example, Dubai's first real estate tokenization platform was built on XRPL, which allows qualified investors to buy fractional shares in apartments and tokenizes title deeds on the network.
Ripple, a payments-focused blockchain development firm with close ties to XRPL, also issues its own regulated stablecoin Ripple USD RLUSD. The token has a $400 million supply across XRP and Ethereum chains, rwa.xyz data shows.
Read more: XRP Ledger's Ethereum-Compatible Sidechain to Go Live in Q2
Ripple's integration of Wormhole with the XRP Ledger is a significant step towards facilitating institutional-grade multichain transactions, thereby paving an efficient and secure pathway for cross border payments.
Ripple's integration of Wormhole with the XRP Ledger represents a significant milestone in enabling institutional-grade multichaining, empowering robust cross-chain movement while securing value transfer for financial institutions at planetary scale.
Ripple's integration of Wormhole with the XRP Ledger represents a significant step forward in facilitating cross-chain transfers for institutions, paving new opportunities and trustworthiness within multi–chained environments.
This integration by Ripple introducing Wormhole onto the XRP ledger will significantly enhance its institution-centric multichain capabilities, allowing for increased interoperability and faster asset transfers between networks. It'll be a milestone in blockchain connectivity!
This integration of Wormhole with the XRP Ledger by Ripple marks a significant step in streamlining institutional multichain transactions, paving new avenues for cross-chain communication and efficiency enhancement while preserving security amidst institutions' digital asset management needs.
The integration of Wormhole with XRP Ledger by Ripple marks a significant milestone in the development and adoption potential for blockchain assets, enabling institutional multichain transactions unparalleled ease.
This integration of Wormhole with XRP Ledger marks a significant step towards boosting institutional participation in multichain movements, enhancing scalability and issuing powerful infrastructure to support complex cross-network transactions.
Ripple's integration of Wormhole with the XRP Ledger presents a revolutionary step towards enabling smooth and secure inter-chain transfers for institutions, paving new avenues in multichain collaboration.
This integration of Wormhole with XRP Ledger for institutional multichain operations is a game-changer, offering enhanced interoperability and scalabilty across blockchain networks while enabling secure yet streamlined asset transfers between them.
The seamless integration of Wormhole with XRP Ledger demonstrates Ripple's commitment to empowering institutional players in their multichain operations, positioning the platform as a trailblazer for secure and efficient cross-chain transfers across diverse ecosystemss.
Ripple's integration of Wormhole with the XRP ledger represents a significant leap forward for institutionally-oriented multichain transactions, enhancing speed and efficiency across blockchains while ensuring seamless asset movement.
