Ripple Integrates Wormhole with XRP Ledger for Multichain Interoperability
Ripple has integrated Wormhole, a cross-chain messaging protocol, with the XRP Ledger (XRPL) and its EVM-compatible sidechain. This integration aims to facilitate seamless movement of crypto assets across multiple blockchain networks.
- Supports transfer of XRP and issued assets across 35 chains, including Ethereum, Solana, and Avalanche.
- Enables cross-chain smart contract interactions.
- Aims to help developers build compliant, low-cost, and fast settlement multichain applications.
- Positions XRPL as a hub for institutional asset tokenization, such as real estate.
- Ripple's regulated stablecoin, Ripple USD (RLUSD), has a supply of $400 million across XRP and Ethereum.
David Schwartz, Ripple’s CTO, emphasized the importance of interoperability for mass adoption, stating that native tokens on XRPL can now move between networks while maintaining control.