How Ripple’s SUPER HOW? Deal Aims to Change the CBDC Game

Ripple and SUPER HOW? team up for Axiology project, revolutionizing digital assets with EU’s support.

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  • This project introduces a cutting-edge tokenized securities trading and settlement infrastructure.
  • A real-world use case for CBDCs unfolds through the Axiology project.
  • Axiology has sought to test and issue transformative digital assets, including CBDCs and stablecoins.

In a dynamic collaboration inspired by the European Union’s proactive initiatives, Ripple and SUPER HOW? have embarked on the transformative Axiology project, building upon the EU’s proactive initiatives. 

Ripple Joins Forces with SUPER HOW?

This dynamic collaboration aims to bolster regulators’ confidence in the safety and security of digital assets, including central bank digital currencies (CBDCs) and stablecoins, forging a path for innovation in the financial industry.

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SUPER HOW?, a private blockchain technology research lab based in Lithuania, brings its expertise in central bank digital currency projects, enhancing the partnership’s potential for groundbreaking developments.

The core of the Axiology project lies in its tokenized securities trading and settlement system (DLT TSS) infrastructure. By enabling multiple layers of the current capital market infrastructures to coexist on a single technology layer, Axiology sparks new business models, process efficiencies, and invaluable synergies. 

Ripple’s dedication to advancing blockchain technology in finance perfectly aligns with this revolutionary collaboration.

EU Regulatory Vision Embraced by Axiology’s CEO

Dr. Marius Jurgilas, CEO of Axiology, firmly stands behind the EU’s vision for a progressive regulatory environment in the retail capital market and the crypto economy, eagerly positioning Axiology at the forefront of this movement.

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Built on the powerful XRP Ledger technology, the Axiology project presents a tangible real-world application for tokenization and digital assets, contributing to the XRPL ecosystem’s growth.

Ripple expresses delight in working with SUPER HOW? and the Axiology decentralized securities project, further solidifying their commitment to delivering real-world use cases for CBDCs. The collaboration aims to develop a regulatory-compliant infrastructure in line with the European Union DLT Pilot Regime Regulation.

Ripple and SUPER HOW? Forge Ahead with DLT Pilot Regime

In this pursuit, tokenized securities issuance and settlement require a tokenized settlement asset, like a CBDC or stablecoin, enabling instantaneous transactions for securities assets, such as bonds or shares. This venture offers significant insights for future CBDC issuance by European banks.

The DLT Pilot Regime is a crucial platform for Ripple and SUPER HOW? to play instrumental roles in fostering secure digital asset markets for all participants. Rigorously testing the DLT Pilot Regime through the Axiology project ensures robustness and security for digital assets, providing regulators unparalleled assurance.

On the Flipside

  • Integrating various capital market infrastructures on a single technology layer might lead to complexities and interoperability challenges.
  • As the Axiology project aims to enable multiple layers of the current capital market infrastructures, the potential complexities and possible interoperability challenges could pose hurdles for seamless integration.

Why This Matters

By leveraging tokenization and innovative technologies, this initiative aims to revolutionize the issuance and settlement of securities assets, setting the stage for future central bank digital currencies and stablecoins.

To learn more about XRP’s surging trading volume, check out this related event, read here:

XRP’s Trading Volume Skyrockets, Surpassing Market Giant Bitcoin

For insights into Brad Garlinghouse’s perspective on the recent XRP ruling and its impact on the crypto industry, explore this recent event, read here:

Brad Garlinghouse Hails XRP Ruling as Turning Point

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Kyle Calvert

Kyle Calvert is a cryptocurrency news reporter for DailyCoin, specializing in Ripple, stablecoins, as well as price and market analysis news. Before his current role, Kyle worked as a student researcher in the cryptocurrency industry, gaining an understanding of how digital currencies work, their potential uses, and their impact on the economy and society. He completed his Masters and Honors degrees in Blockchain Technology within Esports and Business and Event management within Esports at Staffordshire University.