Ripple Launches A New Token Standard On XRP Ledger To Facilitate Crypto & NFTs Issuance

Ripple,
one
the
leading
providers
of
digital
asset
infrastructure
for
financial
services,
has
launched
a
new
token
standard
on
its
XRP
Ledger
to
facilitate
seamless
crypto
assets
and
non-fungible
token
collection
issuance.
This
new
token
standard
will
pay
way
to
the
creation
of
stablecoins,
meme
coins,
and
non-fungible
token
collections
among
other
digital
assets
in
the
future.

Ripple
Unveils
A
New
Token
Standard

In
a
short
live
interview
on
September
02,
Jazzi,
the
Head
of
Defi
Products
at
Ripple,
confirmed
that
they
have
launched
a
new
token
standard
known
as
“multi-purpose
token
or
MPT”
on
their
XRP
Ledger
blockchain
network.
The
token
will
seamlessly
facilitate
asset
issuance,
value
transfer,
exchange,
and
credit
all
while
prioritizing
security
and
regulatory
compliance.

????BREAKING:

@Ripple
Unveils “Multi-Purpose
Tokens”
on
the

#XRP
Ledger
in
Q3
2024!

pic.twitter.com/QymzWTxxCW

—
JackTheRippler
©️
(@RippleXrpie)

September
2,
2024

Ripple
is
a
blockchain-based
digital
payment
company
that
has
created
a
network
and
protocol
that
uses
the
cryptocurrency
XRP
and
the
XRP
Ledger.
The
XRP
Ledger
(XRPL)
is
a
decentralized,
public
blockchain
network
led
by
a
global
community
of
businesses
and
developers
looking
to
solve
problems
and
create
value.
XRP
Ledger
allows
fast,
low-cost,
and
real-time
transfer
of
XRPs,
NFTs,
and
other
digital
assets.

In
its
recent
advancement,
Ripple
has
unveiled
its
new
token
standard
(MPTs).
By
description,
token
standards
are
sets
of
rules
that
define
how
digital
tokens,
including
non-fungible
tokens,
should
be
created,
managed,
and
transferred
on
a
blockchain
network.
Ripple’s
Multi-purpose
token
joins
a
rapidly
growing
list
of
token
standards,
such
as
ERC-721,
ERC-20,
and
BRC-20.

#Ripple
Unveils
“Multi-Purpose
Tokens”
on

$XRP
Ledger
in
Q3
2024!
????????

The
XRP
devs
are
bringing
institutional-grade
real-world
asset
tokenization
to

#XRPL!
????

Introducing
MPT
with:

1️⃣
On-Chain
Real-Time
Data
2️⃣
Adaptive
Flexibility
3️⃣
Freezing,
Clawbacks
&
Non-Transferable…

pic.twitter.com/TMYoTCGkSU

—
Collin
Brown
(@CollinBrownXRP)

September
2,
2024

Key
Use
Cases
Of
Ripple
Multi-purpose
Token

Ripple
anticipates
using
its
new
multi-purpose
token
to
create
tokenized
products,
including
Treasury
Bonds,
Airline
Credits,
University
Certificates,
Art,
and
other
Real
World
Assets
NFTs.
Ripple,
through
its
SBI
Holdings,
hinted
at
plans
to
launch
tokenized
assets
in
January.,
Ripple’s
ally
SBI
Holdings
planned
to
release
NFTs
on
the
XRP
Ledger
network
and
unveil
it
at

the
Expo
2025
event.

Soon
the
leaves
will
be
turning
red
with
autumn
colors…
????✨

／#EXPO2025
opens
on
Apr.
13
(Sun),
2025!
222
days
to
go
until
the
opening????
＼

Filming
location:
Kasugataisha
Shrine
(Nara
City,
Nara
Prefecture)#EXPO2025

#MYAKUMYAKUsJapanTrip

—
Expo
2025
Osaka
Kansai
(@expo2025japan)

September
2,
2024

Expo
2025
is
an
upcoming
technology
exhibition
event
that
is
scheduled
to
open
on
April
13,
2025,
and
close
on
October
13,
2025,
in
Osaka,
Japan.
The
highly
expected
event
will
pave
the
way
for
the
birth
of
new
technologies
and
products,
including
blockchain
technology,
that
will
help
improve
the
convenience
of
everyday
life.
The
firm
has
partnered
with
SMBC,
Resona,
and
MUFG
to
issue
NFTs
for
the
Expo
2025
event.

Related
NFT
News: