XRPL will promote China’s global digital supply chain finance platform through new partnerships.
This collaboration will tokenize trade assets such as invoices and accounts receivables, allowing businesses to unlock liquidity.
LinkLogis offers businesses a way to access funds and increase transparency in their trade financing.
XRP has achieved a major victory in Asia by Chinese fintech company Linklogis in partnership with XRP Ledger (XRPL). Ledger has been chosen to power China’s global digital supply chain finance platform through new partnerships.
XRP Ledger is a partner with LinkLogis
In a recent press release, Linklogis, a leading Chinese supply chain fintech provider, revealed that it is joining forces with XRPL. The core of this collaboration is to integrate LinkLogis’ supply chain finance platform into the XRPL mainnet. This allows for the distribution of digital assets and cross-border settlements backed by real-world trade flows.
The partnership focuses on symbols of trade assets such as invoices and accounts receivables. By converting these assets into digital tokens, businesses can unlock liquidity. Ensure smoother transactions while increasing efficiency without delays in global trade finance.
Why is Linklogis working with XRPL?
In 2024, Linklogis processed RMB20.7 billion ($2.9 billion) with cross-border assets from 27 countries. By using ledgers, the company highlights the evolution of blockchain technology in Chinese companies’ decentralized systems.
With the new partnership, Linklogis will provide businesses with ways to access funds and increase transparency in their trade financing. The company plans to simplify settlements between exporters, importers and financiers by linking their financial infrastructure with XRPL.
The collaboration will also explore other areas, such as Stablecoins and Supply Chain Finance Innovation, which can bring real-world assets (RWAS) to the supply chain. We will also investigate the convergence of blockchain and AI in global trade finance.
Increased confidence in XRPL
Over the past month, XRPL’s tokenized RWA volume has exceeded 22.81%, reaching approximately $358 million. This places XRPL as the ninth largest blockchain by its RWA value.
Earlier this year, in May, the land sector in Dubai adopted ledgers to strengthen its real estate tokenization programme. Several other countries are investigating XRP to reduce their reliance on traditional currencies such as the US dollar and improve cross-border trade. Latin American countries, particularly Mexico, Brazil and Argentina, are some of the major adopters of XRP, driven by their rapid and cost-effective international payments.
