In this post:
- WhiteRock announced the integration of XRP Ledger into its tokenization platform to boost reliability and speed.
- WhiteRock’s AUM has surged to over $131M due to increasing institutional demand for tokenized shares and promises of more tokenized assets.
- XRPL’s infrastructure will enhance WhiteRock’s platform with fast settlement and minimal fees.
WhiteRock unveiled its partnership with the XRP Ledger on Feb. 27, bringing more speed and reliability to its tokenization platform. The tokenized assets manager disclosed that it was ‘already racking over $100 million in weekly trades of tokenized stocks’. XRPL’s infrastructure is expected to improve WhiteRock’s settlement speed and help lower fees.
Maxime Pizzolitto, the CEO of WhiteRock, said integrating with the XRP Ledger was a ‘natural step’ for the tokenized assets platform, suggesting that the XRPL could move transactions faster than traditional systems and Ethereum.
According to WhiteRock’s press release dated January 27th, XRPL transactions were settled in under five seconds ‘for pennies’. XRPL is ‘backed by a native decentralized exchange and a spotless track record of over 2.8 billion transactions since 2012’, noted WhiteRock.
WhiteRock confirms integration with XRPL is still in the works
The WhiteRock announcement revealed that the integration with the XRP Ledger was ‘still in the works’, and WhiteRock aims to leverage XRPL’s infrastructure to boost its platform’s growth. Institutional interest in tokenized assets was surging, regulators were warming up, and Brazil was making headlines this week by approving the world’s first XRP ETF, highlighted the WhiteRock team. Brazil’s approval of the XRP ETF pushed XRPL’s user base to 6.1 million accounts holding 62.5 billion XRP.
WhiteRock also claimed that the partnership with XRPL could speed up the XRP burning process, ‘gradually trimming the token’s 100 billion supply’ since ‘a small piece of XRP gets burned every time someone uses XRPL’. The press release also noted that more action on the ledger might ‘ramp up’ the role of XRP in covering fees and enabling liquidity’, which could give its market standing ‘an additional lift’.
“The XRP Ledger moves trades at a speed traditional systems and even Ethereum can’t touch. It’s a natural step for us.”
- Maxime Pizzolitto, CEO of WhiteRock
WhiteRock also predicted that its ‘move to XRPL could attract more traders and institutional players, elevating the platform’s standing in the tokenized asset game and generating excitement for its native WHITE token.
WhiteRock says XRPL supporters ‘won’t overlook’ XRPL collaboration
According to the team, this collaboration was certain to deeply anchor XRP into the WhiteRock ecosystem and ‘both tokens seem well-positioned to benefit from the collaboration’. It was unlikely that XRP’s supporters would ‘overlook’ the WhiteRock-XRPL partnership despite persisting regulatory challenges and Ethereum’s DeFi grip.
WhiteRock launched its direct tokenization platform late last year, allowing users to buy the WHITE token and the USDX stablecoin. WhiteRock’s roadmap consisted of different products which were launched in multiple phases. Phase 1 is already live and the next phases are still in active development. The trading infrastructure is currently fully operational with equities and bonds already live on-chain. WhiteRock aims to provide access to a diverse portfolio of over 500 securities from exchanges like the NASDAQ, NYSE, and LSE.
According to the Entrepreneur, the substantial trading volumes reported by WhiteRock–reaching tens of millions of dollars quarterly–suggested that RWA tokenization was resonating with both institutional and retail investors. However, further analysis was needed to determine long-term adoption rates. WhiteRock’s USDX stablecoin is backed by short-term U.S. Treasury bonds and designed to track the value of the US dollar.
WhiteRock also reportedly developing a lending platform where tokenized holdings can serve as collateral. The WhiteRock team mentioned that its trust-building approach includes independent auditing of its transactional infrastructure, which is done by accredited firms such as OpenZeppelin.
