Ripple has announced that its XRP Ledger (XRPL) has integrated with Wormhole, one of the leading cross-chain protocols, in an effort to increase its multi-chain compatibility.
According to the company’s statement today, this integration will take place on the XRPL mainnet and the Ethereum Virtual Machine (EVM) sidechain.
“This integration with Wormhole will enable cross-chain messaging, asset transfers, and token issuance across multiple chains,” Ripple said in a statement. This move aligns with Ripple’s goal of making XRPL a central part of the on-chain infrastructure of corporate finance.
Wormhole’s services are already used by major financial institutions that deal with digital assets, such as BlackRock, Securitize, and Apollo. “Cross-chain compatibility is essential for true mass adoption,” said Ripple CTO and XRPL co-founder David Schwartz. Schwartz said that thanks to the integration, tokens issued directly on the XRP Ledger can be moved to different networks, maintaining control and local issuance in the process.
June has been a busy month for Ripple. XRPL has started supporting Circle’s USDC stablecoin on mainnet. DeFi platform Ondo Finance added XRPL to its supported networks for its US government bond-based products. Ripple also announced plans to launch its EVM-compatible sidechain in the second quarter of this year.
The new integration will allow developers and institutional investors to move digital assets across more than 35 supported blockchains, while also enabling cross-chain smart contract interactions.
*This is not investment advice.
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