Ripple partners with Wormhole to expand XRP Ledger’s cross-chain capabilities
Ripple has partnered with Wormhole, a cross-chain messaging protocol, to bring multichain support to the XRP Ledger (XRPL) and its upcoming Ethereum Virtual Machine (EVM) sidechain.
According to the June 26 statement, the integration will introduce advanced functionality to the XRPL and allow assets and data to flow freely between it and over 35 other blockchain networks.
This move follows a series of recent upgrades to the XRP Ledger, including the release of version 2.5.0 of its core software. These changes aim to boost performance, enhance support for institutional tools, and ensure regulatory alignment as blockchain adoption grows.
Expanding XRPL’s ability
According to the statement, the Wormhole integration adds new capabilities to an already established ledger known for fast transactions and native asset issuance.
The move would allow developers to send XRP, IOUs, and new token types like Multi-Purpose Tokens (MPTs) to other supported blockchains. They’ll also be able to trigger smart contract functions on external networks using cross-chain data inputs.
David Schwartz, Chief Technology Officer at Ripple, said interoperability is critical to XRPL’s evolution.
He explained that creating bridges between chains allows the blockchain network to expand its reach without compromising on security or performance. He added that the integration will support wider adoption by making it easier to move value across networks.
The firm stressed that breaking down the barriers between chains is critical to making blockchain infrastructure more usable for institutions and application developers. It added that the partnership will enable cross-chain messaging, token transfers, and the launch of multichain digital assets.
These features will support emerging use cases tied to DeFi, institutional blockchain services, and tokenized real-world assets (RWAs).
Meanwhile, Ripple’s broader strategy focuses on positioning XRPL as a flexible and secure alternative to dominant networks like Ethereum and Solana, particularly for use cases involving smart contracts, tokenization, and cross-chain applications.
The post Ripple partners with Wormhole to expand XRP Ledger’s cross-chain capabilities appeared first on CryptoSlate.
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Ripple partners with Wormhole to expand XRP Ledger’s cross-chain capabilities
Ripple has partnered with Wormhole, a cross-chain messaging protocol, to bring multichain support to the XRP Ledger (XRPL) and its upcoming Ethereum Virtual Machine (EVM) sidechain.
According to the June 26 statement, the integration will introduce advanced functionality to the XRPL and allow assets and data to flow freely between it and over 35 other blockchain networks.
This move follows a series of recent upgrades to the XRP Ledger, including the release of version 2.5.0 of its core software. These changes aim to boost performance, enhance support for institutional tools, and ensure regulatory alignment as blockchain adoption grows.
Expanding XRPL’s ability
According to the statement, the Wormhole integration adds new capabilities to an already established ledger known for fast transactions and native asset issuance.
The move would allow developers to send XRP, IOUs, and new token types like Multi-Purpose Tokens (MPTs) to other supported blockchains. They’ll also be able to trigger smart contract functions on external networks using cross-chain data inputs.
David Schwartz, Chief Technology Officer at Ripple, said interoperability is critical to XRPL’s evolution.
He explained that creating bridges between chains allows the blockchain network to expand its reach without compromising on security or performance. He added that the integration will support wider adoption by making it easier to move value across networks.
The firm stressed that breaking down the barriers between chains is critical to making blockchain infrastructure more usable for institutions and application developers. It added that the partnership will enable cross-chain messaging, token transfers, and the launch of multichain digital assets.
These features will support emerging use cases tied to DeFi, institutional blockchain services, and tokenized real-world assets (RWAs).
Meanwhile, Ripple’s broader strategy focuses on positioning XRPL as a flexible and secure alternative to dominant networks like Ethereum and Solana, particularly for use cases involving smart contracts, tokenization, and cross-chain applications.
The post Ripple partners with Wormhole to expand XRP Ledger’s cross-chain capabilities appeared first on CryptoSlate.
Read More