Enterprise blockchain solutions provider Ripple announced a new partnership this week with digital asset management leader Zoniqx, formerly Tassets. The strategic alliance integrates Ripple’s efficient XRP Ledger (XRPL) infrastructure with Zoniqx’s cutting-edge tokenization platforms.
The collaboration aims to simplify issuing 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 solutions, the partners seek to make traditionally illiquid assets more efficient, accessible, and liquid in digital markets.
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The integration effectively allows multi-asset tokenization directly on the XRP Ledger, leveraging its innate scaling capabilities and low fees to maximize efficiency advantages.
Zoniqx also ensures regulatory compliance and interoperability using its proprietary Dynamic Compliant Security Token Standard (DyCIST) framework.
XRP surges 5% amidst market rally
Token issuers can seamlessly connect with the XRPL through the alliance and provide intuitive user flows for asset digitization. Primary users can easily create accounts, undergo KYC verification, and submit purchase offers to own fractionalized tokens, thereby bolstering overall market accessibility for next-generation railways.
RippleX Senior VP Markus Infanger hailed the milestone “in the journey to enable the Internet of Value.” He cites the XRPL’s unmatched scalability for global asset tokenization demands.
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By merging Zoniqx’s full lifecycle tokenization services with Ripple’s high-performance, low-cost XRPL, the partnership essentially forms a turnkey solution for institutions to convert analog assets into digitally tradable tokens.
According to CoinGecko data, XRP has surged 5% in the last 24 hours. This could be primarily due to the recent collaboration and the overall market surge. XRP is trading at $0.5613 at press time, up from a 24-hour low of $0.5292.