Ripple Teams Up with Research and Development Firm
• Ripple Labs is partnering with SUPER HOW?, a private blockchain technology research lab based in Latvia, to work on the Axiology project.
• This project is a tokenized securities and settlements infrastructure built on top of the XRP Ledger.
• The collaboration aims to bolster regulators’ confidence in the safety and security of crypto assets by testing their resilience and security.
What is the Axiology Project?
The Axiology project is a tokenized securities trading and settlement system (DLT TSS) infrastructure that enables multiple layers of current capital market infrastructures to coexist on one technology layer. This collaboration will drive innovation in the financial industry while advancing adoption of blockchain technology.
Why are Ripple & SUPER HOW? Partnering?
Ripple and SUPER HOW? are collaborating to test digital assets such as central bank digital currencies (CBDCs) and stablecoins under the DLT Pilot Regime, which offers a unique platform for innovative enterprises like them to play an instrumental role in fostering safety and security of digital assets markets for all participants. By subjecting the DLT Pilot Regime to rigorous testing through this project, regulators gain assurance regarding these digital assets’ resilience and security.
What Are The Benefits Of This Partnership?
This partnership serves as a catalyst for testing and issuing digital assets, leading to multiple synergies, process efficiencies, new business models, and increased regulatory confidence in crypto asset safety. Moreover, it highlights core real-world business application for tokenization and digital asset usage on the XRP Ledger.
Ripple’s partnership with SUPER HOW? provides an opportunity for both parties to collaborate on experiments related to CBDCs and crypto assets while promoting innovation within the financial industry through blockchain technology use cases. It also allows regulators to better understand how these new technologies can be used securely by gaining assurance about their resilience via rigorous testing under the DLT Pilot Regime.