In what is certainly a massive development for the company, Ripple has announced that tokenized gold is coming to the XRP ledger in 2024. Specifically, digital finance company Meld Gold took to X (formerly Twitter) to announce a partnership with Ripple that will see gold-backed stablecoins arrive in Q3 of this year.
Additionally, the partnership will see a silver-backed stablecoin also debut on the platform. Moreover, the company stated that its decision to use the XRP Ledger was made due to the “reliability and stability” that Ripple offers in the tokenization and exchanging of both crypto and real-world assets.
Now, those two assets are coming together in what could be a massively important partnership. Indeed, Ripple has announced that tokenized gold is coming to the XRP ledger in 2024. Specifically, the tokenized metal is landing on XRPL as a result of a partnership between Ripple and Meld Gold.
The company took to X to announce the collaboration and discuss what investors could expect. Indeed, they revealed that both gold and silver tokens would be arriving on the XRPL in Q3. Furthermore, the launch would combine “the world’s oldest cy with the reliability, utility, and accessibility offered by XRPL.”
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