Elysia Brings Rwa Tokenization To Xrp Ledger With Tbill Tokens

ELYSIA, a starring real-world plus (RWA) tokenization firm, plans to motorboat US Treasury Bills (TBILL tokens) connected nan XRP Ledger blockchain network. The patient wants to bring nan champion of decentralized finance (DeFi) and accepted finance (TradFi) together done RWA tokenization.

In a station connected X (formerly Twitter), ELYSIA said that by early adjacent week, users tin liking XRP to person TBILL tokens and gain output from nan underlying asset. This gives nan XRP integer plus much utility, which has grown massively successful nan past fewer weeks, hitting multi-year highs.

The first tranche opens connected December 19th astatine 03:00 UTC successful collaboration pinch VASP-licensed Infiniteblock. This is nan first clip an RWA task appears connected nan XRP Ledger blockchain web successful South Korea. This marks nan “first of galore RWA-focused products” that nan patient plans to merchandise successful nan region.

In addition, ELYSIA offers products involving Ripple’s latest RLUSD, nan stablecoin pegged to nan US dollar. The RWA task intends to “showcase nan imaginable of tokenizing real-world assets for XRP Ledger users” pinch nan upcoming motorboat of RLUSD, which precocious sewage support from nan New York Department of Financial Services.

XRP Price Analysis

According to nan information from CoinMarketCap, XRP trades astatine $2.34, down 3.64% successful nan past 24 hours and 38.9% from its all-time precocious of $3.84 7 years ago. The integer plus jumped 257.97% successful nan past 30 days and reached a multi-year precocious of $2.86.

The Relative Strength Index (RSI) for XRP is 62.94, which intends nan bulls power nan integer asset’s value action. The line’s guidance suggests sideways activity will proceed successful nan short word earlier nan integer plus goes higher.