XRP Ledger launches native cross-chain transfers via Axelar
In brief
- XRP Ledger integrates with Axelar Network for native cross-chain transfers
- Nine assets including XRP, WETH, WBTC, and mTBILL now move cross-chain
- XRP Ledger Foundation expands node infrastructure globally via Ankr partnership
- Ripple invests in ZILO and Licuido for capital markets infrastructure
Cross-Chain Infrastructure Expands
The XRP Ledger launched native cross-chain transfers through Axelar Network. Both the XRP Ledger and the XRPL EVM Sidechain are available via the Axelar App. The integration initially supports XRP, SHx, USDf, SOIL, WETH, WBTC, mBTC, mTBILL and mXRP.
The XRP Ledger Foundation stated that users can move assets cross-chain and settle in seconds on the XRP Ledger. Cross-chain infrastructure is designed to solve interoperability challenges in blockchain. Axelar enables tokens to move securely between different blockchains, expanding liquidity and access to DeFi applications.
Ripple Pushes Capital Markets Buildout
The ecosystem saw additional momentum this week on the infrastructure side. Ripple announced investments in ZILO and Licuido to develop capital markets on the XRP Ledger. The move follows Aviva Investors' tokenization of its U.S. Dollar Liquidity Fund on XRPL.
Ripple President Monica Long stated that financial institutions are moving from testing to production deployments. She reiterated that Ripple aims to provide the full infrastructure stack for using tokenized assets on the XRP Ledger.
Foundation Expands Node Infrastructure
The XRP Ledger Foundation announced a partnership with Ankr to expand globally distributed XRPL node infrastructure. Meanwhile, the foundation is collaborating with VS1 Finance on an open-source reference application for lending on XRPL.
On the development side, XRPL developers are preparing for the upcoming xrpld 3.3.0 release. 100% of dUNL validators have upgraded to XRPL 3.2.1.
