Ripple Labs is partnering with a Northern Europe-based research and development company to conduct experiments targeting crypto-assets and central bank digital currencies (CBDCs).
In a new blog post from the company, Ripple says it will partner with SUPER HOW?, a private blockchain technology research lab in Latvia to work on the Axiology Project, a tokenized securities and settlement infrastructure built on top of the XRP Ledger.
“Ripple and SUPER HOW? have entered into an ambitious partnership known as the Axiology Project. This collaboration serves as a catalyst for the testing and issuance of digital assets, including central bank digital currencies and stablecoins, to bolster regulators’ confidence in the safety and security of these transformative digital assets…
Axiology is a tokenized securities trading and settlement system (DLT TSS) infrastructure. This infrastructure allows multiple layers of current capital market infrastructures to coexist on a single technology layer, leading to multiple synergies, process efficiencies and new business models.
This partnership aligns with Ripple’s commitment to driving innovation and fostering adoption of blockchain technology in the financial industry.”
According to Ripple, the purpose of the partnership is for regulators to test the security and safety of crypto assets.
“The DLT Pilot Regime provides a unique platform for Ripple and SUPER HOW?, as innovative ventures, to play an important role in advancing the safety and security of digital asset markets for all participants.
By subjecting the DLT Pilot Regime to rigorous testing through the Axiology project, regulators gain unparalleled assurance regarding the resilience and safety of digital assets.”
Ripple says the project aims to highlight a real-world business application for tokenization and digital assets on the XRP Ledger.
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Featured image: Shutterstock/Robert Kneschke
