XRP Ledger Strengthens Institutional Finance With Wormhole Cross-Chain Integration

CN
8 hours ago

Ripple announced on June 26 that cross-chain protocol Wormhole is now integrating with the XRP Ledger mainnet and its Ethereum Virtual Machine (EVM) Sidechain. The crypto firm stated: “Wormhole, one of the leading cross-chain interoperability protocols, is integrating with both the XRP Ledger (XRPL) mainnet and the XRPL EVM Sidechain.” Ripple added:

This integration will enable cross-chain messaging, asset transfers and multichain issuances of tokens which will support additional use cases across DeFi, institutional on-chain finance, and real-world assets (RWAs).

This collaboration allows XRPL-native assets such as XRP, IOUs, and Multi-Purpose Tokens to move across more than 35 blockchain ecosystems. Developers will also be able to interact with smart contracts across chains, enabling greater functional breadth for financial applications. Since 2020, Wormhole has supported more than $60 billion in cross-chain volume and one billion cross-chain messages across 200 applications. Its client base includes financial institutions such as Blackrock, Apollo, and Securitize.

The addition of Wormhole complements XRPL’s prior interoperability initiatives with protocols like Axelar, reinforcing its modular infrastructure approach. Ripple CTO David Schwartz emphasized the strategic relevance of the move, stating:

If you want real mass adoption, interoperability is essential. The infrastructure has to be there, not just on one chain, but across them.

“With this integration, tokens natively issued on the XRP Ledger are being set up for that reality by being able to move between blockchain networks while maintaining native issuance, and control,” the executive further shared. XRPL continues to position itself as a compliance-centric, high-throughput blockchain tailored for institutional finance. With native tokenization, liquidity provisioning, and fast settlement at its core, this latest integration underscores Ripple’s drive to support a flexible, open ecosystem.

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