Chinese fintech company Linklogis has recently announced a groundbreaking partnership with the XRP Ledger (XRPL) to revolutionize global supply chain finance. This strategic collaboration aims to digitize international trade flows and streamline cross-border settlements through blockchain technology.
Linklogis will leverage XRPL’s mainnet to deploy its trade finance application, facilitating faster circulation of digital assets for exporters, importers, and financiers. By integrating its financial infrastructure with XRPL, Linklogis aims to enhance efficiency and transparency in global supply chains. Additionally, both parties have committed to developing new products on XRPL, including stablecoin-based settlement systems and smart contract platforms for tokenizing real-world assets.
Moreover, Linklogis is exploring the integration of artificial intelligence with blockchain to further enhance trade finance efficiency. The company’s “Go Early” and “Go Deep” business programs processed over RMB 20.7 billion in cross-border assets last year, underscoring the potential impact of anchoring these flows to XRPL.
In parallel, XRPL has been expanding its footprint in the realm of tokenized real-world assets (RWA). Data from RWA.xyz indicates a notable 22.81% increase in XRPL’s tokenized RWA volume over the past month, reaching approximately $305.8 million. This growth has solidified XRPL as the ninth-largest blockchain by RWA value, bolstered by its growing network of enterprise partners.
Recent global partnerships have further underscored XRPL’s relevance in tokenization. The Dubai Land Department, for instance, adopted the ledger to power its real estate tokenization program, while RWA platform Ondo Finance launched tokenized US Treasuries on XRPL. In Latin America, Brazilian securitization firm VERT issued a significant Agribusiness Receivables Certificate on XRPL, with exchange Mercado Bitcoin announcing plans to tokenize over $200 million in fixed-income and equity products on the ledger.
Overall, the Linklogis-XRPL partnership represents a significant step towards digitizing and streamlining global supply chain finance. By harnessing the power of blockchain technology and tokenization, the collaboration aims to drive innovation and efficiency in international trade settlements.