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Linklogis Partners with XRP Ledger for Blockchain Integration in Supply Chain Finance
Chinese fintech powerhouse Linklogis (9959.HK) has announced a strategic partnership with the XRP Ledger (XRPL) to transition its global digital supply chain finance platform onto blockchain technology. This collaboration aims to tokenise trade receivables and real-world commerce assets directly on the XRPL’s mainnet, which is expected to enhance the speed and transparency of cross-border settlements.
Enhancing Digital Finance Through Blockchain
This significant move places Linklogis at the forefront of decentralised finance, reinforcing its role as a pioneer in digital trade finance. As part of its "Go Early, Go Deep" strategy, the company has already established a footprint in 27 countries, processing over RMB 20.7 billion (approximately AUD 4.47 billion) in assets in the previous year.
By adopting XRPL’s infrastructure, Linklogis is positioned to expand its global reach while leveraging the advantages of blockchain technology.
Future Ventures: Stablecoins, Smart Contracts, and AI Integration
The collaboration is not limited to simple blockchain deployment. Both Linklogis and XRPL developers are exploring advancements in stablecoin settlements, utilising smart contracts for trading tokenised supply chain assets, and integrating artificial intelligence with blockchain systems. This ambition aims to deepen XRPL’s penetration in the real-world asset (RWA) market, which is witnessing increasing momentum in the crypto space.
Ripple, the company behind XRPL, along with other supporters, has played a crucial role in the development of this ecosystem, fostering a growing interest in blockchain applications within financial services globally.
A Broader Strategy in Digital Finance
This partnership aligns seamlessly with Linklogis’ broader digital finance strategy. The fintech company has been involved in several notable initiatives, such as co-founding Singapore’s Green Link Digital Bank in 2020 and participating in collaborative projects like Project Dynamo and Project Guardian, which focus on asset tokenisation and digital currency innovations.
Additionally, Linklogis has become a founding shareholder in SuperFi Labs, a decentralised finance (DeFi) incubator aimed at exploring consumer-focused on-chain products and the tokenisation of assets.
As for the performance of XRP, the native token of XRPL, it saw a slight decline of 0.5% to USD 2.99 (approximately AUD 4.59) when the news broke, which is consistent with the overall downward trend observed in the cryptocurrency market.
In summary, Linklogis’ partnership with XRP Ledger marks a significant step in integrating blockchain technology into supply chain finance, potentially revolutionising how trade finance operates while concurrently exploring new frontiers in digital finance.
