Ripple Teams Up With Research and Development Firm To Run CBDC and Cryptocurrency Experiments

Ripple Labs is collaborating with a research and development organization situated in Northern Europe to conduct tests centered on crypto assets and central bank digital currencies (CBDCs).

Ripple announced a collaboration with SUPER HOW?, a private blockchain technology research lab based in Latvia, on the Axiology project, a tokenized securities and settlements infrastructure built on top of the XRP Ledger, in a new corporate blog post.

Axiology is an ambitious collaboration between Ripple and SUPER HOW? This collaboration serves as a catalyst for testing and releasing digital assets, such as central bank digital currencies and stablecoins, in order to increase regulators’ trust in the safety and security of these transformational digital assets…

Axiology forms the basis for a tokenized securities trading and settlement system (DLT TSS). This infrastructure allows several levels of present capital market infrastructures to coexist on a single technological layer, resulting in numerous synergies, process efficiencies, and new business models.

This partnership is consistent with Ripple’s commitment to fostering innovation and increasing blockchain technology adoption in the financial industry.”The goal of the partnership, according to Ripple, is for regulators to test the security and safety of crypto assets.”The DLT Pilot Regime provides a unique opportunity for Ripple and SUPER HOW? to play an important role in promoting the safety and security of digital asset markets for all participants. Regulators receive unique certainty about the resilience and security of digital assets by exposing the DLT Pilot Regime to rigorous testing through the Axiology project.  According to Ripple, the project’s purpose is to demonstrate a primary real-world commercial application for tokenization and digital assets on the XRP Ledger.

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