- Ripple partners with Wormhole to enable XRPL multichain asset transfers and messaging.
- XRPL tokens can move across 35+ blockchains while maintaining native control.
- Integration supports institutional finance with cross-chain payments, DeFi, and RWA use cases.
Ripple has announced a partnership with Wormhole to extend multichain interoperability across the XRP Ledger (XRPL) mainnet and its upcoming Ethereum Virtual Machine (EVM) sidechain. This alliance aims to support cross-chain messaging, asset transfers, and token issuance across multiple blockchain networks.
The integration with Wormhole enables the XRPL network to interact with more than 35 supported blockchains, allowing for seamless asset movement and smart contract operations across different chains. Wormhole is a widely used cross-chain interoperability protocol that currently supports major financial entities such as BlackRock, Securitize, and Apollo.
With this development, tokens issued natively on XRPL will be able to move across multiple blockchain networks while preserving their original issuance and control mechanisms. This is intended to facilitate greater interoperability between XRPL and other blockchain ecosystems.
Institutional and Developer Use Cases
The partnership between Ripple and Wormhole is a continuation of a strategy to make XRPL a significant infrastructure layer to institutional finance on the blockchain. The integration is likely to help developers and institutions that want to create cross-chain applications, especially those involving payments, decentralized finance (DeFi), and real-world assets (RWA).
In June, a number of improvements were made to XRPL, such as the introduction of a stablecoin USDC stablecoin by Circle on the mainnet. Furthermore, the DeFi platform Ondo Finance doubled its network by including the XRPL in its supported networks to include the on-chain U.S. government debt product. Ripple has also considered the future of its EVM sidechain launch during the second quarter of the year, which will further widen the smart contract capabilities on the XRPL.
Supporting Multichain Finance Infrastructure
The inclusion of Wormhole allows XRPL to consolidate its presence in the multichain financial environment and ensures greater interoperability with the major blockchain platforms. This integration provides a system for the flow of digital assets and performance of cross-chain interaction of smart contracts through the enhancement of aligning XRPL’s capabilities with the demands of institutions.
Wormhole’s co-founder highlighted the possibilities unlocked by this integration, noting the importance of connectivity between established blockchain networks in enterprise finance. The alliance signals a large technical advancement in enabling cross-chain infrastructure that could serve a wide array of financial applications.
