Transforming Global Supply Chain Finance: Linklogis Partners with XRP Ledger
According to a recent statement, Chinese FinTech company Linklogis has announced a strategic partnership with the XRP Ledger (XRPL) to digitize global supply chain financing. This collaboration aims to unlock faster international trade flows by combining Linklogis’ financial infrastructure with XRPL’s blockchain technology.
The partnership will utilize Linklogis’ trade financing application on the XRPL-MINNET, a move designed to scale blockchain adoption for cross-border settlements. By integrating their systems, Linklogis and XRPL intend to simplify settlements for exporters, importers, and financiers, making global trade more efficient.
Unlocking New Opportunities in Global Trade
The collaboration between Linklogis and XRPL will also involve the development of new products, including stablecoin-based settlement systems and intelligent contract platforms. These platforms will enable the tokenization of real-world assets (RWAs), bringing supply chains into a more digital and efficient form. Additionally, Linklogis plans to explore the use of artificial intelligence (AI) in conjunction with blockchain technology to further improve the efficiency of trade financing.
Linklogis’ business programs, “Go Early” and “Go Deep,” processed over 20.7 billion RMB (approximately $2.8 billion) in cross-border assets last year. By anchoring these transactions in XRPL, the company aims to expand efficiency and transparency across global supply chains. This partnership marks a significant step forward in the adoption of blockchain technology in global trade, highlighting the potential for XRPL to transform the way businesses operate worldwide.
XRPL’s Expanding Footprint in Real-World Assets
The integration with Linklogis comes as XRPL accelerates its expansion into the real-world assets (RWA) sector. According to data from RWA.XYZ, the tokenized RWA volume on the XRPL network increased by 22.81% last month, reaching around $305.8 million. This growth positions XRPL as the ninth-largest blockchain by RWA value, supported by its growing list of corporate partners.
XRPL’s recent global partnerships underscore its increasing relevance for tokenization. For instance, the Dubai government adopted the Ledger earlier this year, and the RWA platform ONDO FINANCE launched tokenized US state bonds on the network. Similarly, in Latin America, the Brazilian securitization company Verte issued a real estate certificate worth 700 million real ($130 million) via a blockchain-based private credit platform. Around the same time, Exchange Mercado Bitcoin announced plans to tokenize over $200 million in fixed income and equity products on the main registry.
For more information on this partnership and its implications for global supply chain finance, visit https://cryptoslate.com/china-based-linklogis-partners-with-xrp-ledger-to-transform-global-supply-chain-finance/
