- Linklogis brings its global supply chain finance platform to XRPL, supporting tokenized assets and faster settlements.
- XRP ecosystem expands as futures volume tops $1B, Gemini launches XRP credit card, and price climbs $3.
Linklogis (9959.HK) has announced XRP Ledger (XRPL) as a strategic partner in the development of digital supply chain finance solutions.
Meanwhile, their partnership will allow Linklogis to launch their supply chain finance global application directly on XRPL mainnet. Both parties emphasized that their main goal is to facilitate the circulation and settlement of digital assets backed by real trade flow.
This initiative marks the first step for Linklogis into a decentralized blockchain environment. Additionally, it enhances the function of XRPL as an enterprise-grade platform that is curated to handle payments, tokenization, and even settlement at scale. Anchoring trade finance assets on XRPL is a step towards their plan to aid larger use cases, especially in cross-border markets.
Expansion Into Stablecoins and Tokenization
The partners confirmed plans to work on stablecoin development and tokenization of real-world assets in supply chain finance. They are also studying how smart contracts and artificial intelligence can be combined with blockchain to improve cross-border settlement.
Linklogis has built a presence outside China under its “Go Early” and “Go Deep” strategy since 2019. It processed RMB 20.7 billion in cross-border assets last year and now serves clients in 27 markets. Adding XRPL as an operational layer is intended to enhance speed, transparency, and security in its network.
In recent years, Linklogis has taken significant strides in digital finance. Following the successful acquisition of a local digital banking license, in 2020, alongside Greenland Financial, Linklogis founded Green Link Digital Bank in Singapore.
As of 2023, with the project tending towards asset tokenization, Linklogis has joined the BIS Innovation Hub alongside Standard Chartered, RD Technologies, and Simmons & Simmons on Project Dynamo. In the same year, alongside the Monetary Authority of Singapore, Linklogis participated in Project Guardian, resulting in the issuance of a tokenized trade asset–backed product.
Further expanding DeFi in 2024, Linklogis co-founded SuperFi Labs, a DeFi lab providing tokenized real-world assets and on-chain funding products.
Wider XRP Developments
The announcement comes as XRP activity expands globally. CME Group said its crypto futures suite passed $30 billion in open interest, with XRP futures surpassing $1 billion in just over three months. That made it the fastest-growing new contract in CME’s crypto portfolio.
As BTCDaily reported, Gemini has also unveiled a limited-edition XRP credit card with up to 4 percent cashback on spending. The product was launched as the exchange prepares for an IPO, backed by Ripple through a credit facility.
At the same time, corporate treasuries are running new payment pilots on Ripple’s technology, even as XRP continues to face regulatory uncertainty in the United States.
Consequently, XRP price traded at $3 at press time, showing a 3% increase in the past 24 hours and 4% in the past week.
Separately, an XRP Ledger developer under the alias “Vincent Van Code” has shared the idea of a file storage system. His design aims to preserve files and their entire edit histories without any possibility of further changes, with the goal of guaranteeing accessibility for at least 100 years.
