GOLDILOCKS
Meld Gold and Ripple are partnering to bring Real World Assets (RWAs) to the XRP Ledger (XRPL) platform. This partnership will bring in institutional grade functionality along with secure and efficient protocols.
This is done through leveraging the Algorand Standard Asset Core functionality. In essence, Meld will tokenize digital gold in the form of a Meld Digital Gold Certificate. Each token will be equal the value of 1 gram of physical gold.
The implementation of this new digital asset (Meld Gold) is just around the corner. Fungible gold and silver assets on XRPL will begin in Q3. Yes, July.
Through the use of the new digital economy, gold standard protocols uniting real world assets backed by gold and gold payment tokens are about to usher in a new Financial System.
Gold will set us free!
© Goldilocks
https://medium.com/meld-gold/meld-gold-to-launch-rwas-on-xrp-ledger-05eee5da97ea
https://algorandtechnologies.com/ecosystem/use-cases/meld-gold
https://developer.algorand.org/articles/algorand-standard-assets/#:~:text=An%20Algorand%20Standard%20Asset%2C%20ASA,use%20as%20the%20native%20Algo.
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