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In an exciting bounce, Ripple CTO David Schwartz shared a unique use case for the XRP Ledger (XRPL) from 2013, providing a glimpse into its early days.
In response to a tweet by user The XRP Ledger was first launched in June 2012, however, development work began in 2011.
Rector posted about token metals on XRPL, which are fully redeemable, and asked if any other blockchain does this yet. This prompted Schwartz to share his story about redeeming physical silver through the XRP Ledger.
Ripple CTO male How he traded silver dimes on XRPL in 2013, explaining the process in response to another "Silver."
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This early tokenization demo on XRPL highlights the platform's ability to connect digital and physical assets. While tokenization is now a buzzword in today's cryptocurrency scene, Schwartz's account might suggest that the concept has been part of XRPL's DNA since its inception.
After 11 years
Now, 11 years later, XRPL It continues to evolve with features including automated market makers (AMMs) and enhanced scripting capability.
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In June this year, Ripple and Archax announced an extension of their existing cooperation, expected to bring hundreds of millions of dollars in tokenized real assets (RWAs) to the XRP Ledger (XRPL) over the next year, positioning XRPL as one of the leading blockchains in RWA tokenization. .
Last month, Ripple announced the launch of its first tokenized money market fund on the XRP Ledger via the Archax collaboration, which includes Abrdn's $4.77bn (£3.8bn) USD liquidity fund.
Ripple US Dollar (RLUSD) It was launched on global exchanges on December 17, 2024, marking a significant milestone for Ripple and the XRP community. The Ripple USD stablecoin has been released on the XRP Ledger and Ethereum, heralding a new chapter for the XRP Ledger.
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