Ripple Implements Wormhole Integration to XRPL: Expanding Multi-Blockchain Support
Ripple took a significant step in cross-chain interoperability by integrating the Wormhole protocol into the XRP Ledger (XRPL) network. With this integration, assets on XRPL – XRP, IOUs, and Multi-Utility Tokens – can now be freely transferred across more than 35 blockchains, including Ethereum, Solana, and Avalanche.
XRPL Assets Can Now Be Transferred Across Chains
Thanks to the new infrastructure, developers will be able to initiate transactions directly with smart contracts while transferring XRPL assets to other networks without needing an additional bridge layer. Additionally, the transferred assets will maintain their identity and status on the source blockchain, providing significant advantages in terms of compliance and transparency, especially for corporate users.
Ripple's CTO and co-founder of XRPL, David Schwartz, stated that this development provides 'almost frictionless asset transfer,' emphasizing that it facilitates access to liquidity without compromising compliance requirements. According to Schwartz, this structure offers a solution that reduces risk, especially for tokenization, securitization, and real asset-backed crypto products.
Corporate Interest is Increasing: Ecosystem Growth with Wormhole
Wormhole has managed over $60 billion in cross-chain transactions since 2020 and has proven itself by transmitting over a billion messages. Now, the integration of this bridge protocol with XRPL offers all developers and financial institutions in the ecosystem easy access to a multi-chain infrastructure.
In June, while Circle’s USD Coin (USDC) stable cryptocurrency joined the XRPL network, Ondo Finance launched its products based on U.S. Treasury bonds on Ledger. Thanks to the Wormhole bridge, these assets can also be easily used across different blockchain networks.
Additionally, Ripple will enable direct interaction of smart contracts written in Solidity with XRPL assets through its EVM-compatible side blockchain, which it plans to launch in the second quarter of 2025.
Corporate Giants Are Also Adopting This Infrastructure
The fact that major financial institutions like BlackRock, Apollo, and Securitize are already opting for the Wormhole infrastructure highlights the importance corporate investors place on cross-chain interoperability. Ripple officials point out that true mass adoption can only be achieved with a standard infrastructure that works across all networks, not just a single blockchain.
XRPL's modular architecture aims to enhance interoperability and flexibility in cross-chain protocols by leveraging insights gained from previous solutions like Axelar.
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