Ripple, Chainlink and ZeroCap Test RLUSD for 24/7 Aussie Bond Settlement
Ripple, Chainlink and ZeroCap tested RLUSD settlement for tokenized Australian government bonds under Project Acacia, using XRP Ledger rails
➤ Ripple, Chainlink, and ZeroCap successfully tested RLUSD for the settlement of tokenized Australian government bonds under Project Acacia, utilizing the XRP Ledger. ➤ The pilot focused on exploring 24/7 settlement capabilities for digital bond workflows, including issuance, trading, and redemption, with JPMorgan providing custody services. ➤ This trial, part of the Reserve Bank of Australia's broader tokenization initiatives, demonstrated the integration of traditional financial infrastructure with blockchain technology for wholesale market use cases.
