• Fri. Dec 8th, 2023

Ripple teams up with research and development firm to conduct CBDC and crypto experiments

Ripple teams up with research and development firm to conduct CBDC and crypto experiments

Ripple Labs is teaming up with a Northern Europe-based research and development firm to conduct experiments focused on crypto assets and central bank digital currencies (CBDCs).

In a new company blog post, Ripple says it will partner with Super How?, a private blockchain technology research lab based in Latvia, to work on the Axiology project, a tokenized securities and settlement infrastructure built on top of the XRP ledger.

“Ripple and Super How? A great collaboration known as the Axiology Project began. The collaboration acts as a catalyst for the verification and distribution of digital assets, including central bank digital currencies and stablecoins, increasing regulators’ confidence in the safety and security of these transformative digital assets.

Axiology is a tokenized securities trading and settlement system (DLT TSS) infrastructure. This infrastructure enables multiple layers of current capital market infrastructure to co-exist at a single technology level, leading to multiple synergies, process efficiencies and new business models.

This collaboration aligns with Ripple’s commitment to foster innovation and adoption of blockchain technology in the financial industry.

According to Ripple, the point of the partnership is so that regulators can check the safety and security of crypto assets.

“The DLT pilot regime offers a unique platform for Ripple and SuperHow?, as innovative enterprises, to play an important role in fostering the safety and security of digital asset markets for all participants.

By subjecting the DLT pilot regime to rigorous scrutiny through the Axiology project, regulators gain unparalleled assurance regarding the resilience and security of digital assets.

Ripple says the project aims to highlight a key real-world business application for tokenization and digital assets on the XRP ledger.

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Featured image: Shutterstock/Robert Neschke

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