In order to conduct research on crypto assets and central bank digital currencies (CBDCs), Ripple Labs has partnered with a research and development company based in Northern Europe.
In a recent blog post, Ripple announced that it would work on the Axiology project, a tokenized securities and settlements infrastructure built on top of the XRP Ledger, in partnership with SUPER HOW?, a private blockchain technology research lab based in Latvia.
Ripple and SUPER HOW? Have started working together on the big Axiology project. This partnership acts as a catalyst for the testing and issuance of digital assets, such as stablecoins and digital currencies issued by central banks, to increase regulators’ faith in the reliability and security of these game-changing digital assets.
Axiology is a Distributed Ledger Technology Trading and Settlement System (DLT TSS) architecture. This infrastructure makes it possible for many layers of the current capital market infrastructures to live on a single technology layer, creating numerous synergies, process efficiencies, and new business models.
This partnership supports Ripple’s mission to promote innovation and accelerate blockchain adoption in the financial sector.
The purpose of the agreement, according to Ripple, is to allow authorities to evaluate the security and safety of cryptocurrency assets.
“The DLT Pilot Regime gives Ripple and SUPER HOW?, as cutting-edge businesses, a special platform to play a crucial part in improving the security and safety of digital asset markets for all participants.
The Axiology project, which rigorously tests the DLT Pilot Regime, gives regulators unmatched certainty about the security and resilience of digital assets.
The XRP Ledger initiative, according to Ripple, intends to showcase a key real-world commercial application for tokenization and digital assets.