San Francisco, CA – Zoniqx, formerly known as Tassets, a pioneer in digital asset management, has announced a collaboration with Ripple, the enterprise blockchain and crypto solutions provider. This partnership integrates Zoniqx’s Tokenization Platform as a Service (TPaaS) and Tokenization Life Cycle Management (TALM) solutions with the robust infrastructure of the XRP Ledger (XRPL).
Revolutionizing Asset Tokenization on the XRPL
The integration will enable the tokenization of diverse real-world financial assets on the XRPL. Zoniqx’s TPaaS ensures compliance with local jurisdictions utilizing the DyCIST standard and offers direct access to liquidity options. Token issuers can now easily integrate with the XRPL, streamlining the primary tokenization process for participants.
“Joining forces with Ripple demonstrates our commitment to redefine standards in the digital asset arena. Our collaboration will make asset tokenization accessible globally,” said Prasanth Kalangi, CEO and Founder of Zoniqx.
XRPL’s Role in the Partnership
The XRPL is a decentralized layer 1 blockchain known for its stability and efficiency in tokenizing real-world assets. Its cost-effective and high-performance capabilities enhance the value proposition of Zoniqx’s tokenization services, providing scalability and security for asset tokenization.
“Zoniqx’s integration with the XRPL represents a milestone in empowering the Internet of Value,” said Markus Infanger, SVP of RippleX. “XRPL’s technology, combined with Zoniqx’s tokenization expertise, showcases unparalleled efficiency and scalability for asset tokenization.”
Zoniqx’s Commitment to Digital Asset Transformation
Zoniqx, headquartered in Silicon Valley, specializes in TPaaS, enabling the conversion of real-world assets into digital assets. Its TALM solution ensures security and compliance, while SecureConnect seamlessly connects asset tokenization with institutional liquidity. Zoniqx’s innovative ecosystem positions it as a leading player in the digital asset transformation space.
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