The XRP Ledger has been selected to power China’s leading supply chain via a new partnership with Linklogis. This marks the continued growth of Ripple’s ecosystem sector across Asia.
China’s Linklogis Taps XRP Ledger for Global Supply Chain Finance
In a recent press release, Linklogis, a leading Chinese supply chain fintech provider, revealed it is joining forces with the XRP Ledger to power its global digital supply chain finance platform.
The collaboration will see Linklogis deploy its finance application directly on the ledger’s mainnet. Tokenized invoices and cross-border transactions connected to actual trade flows would all be made possible by this.
It would directly integrate the XRP Ledger into the heart of China’s massive trade industry. With this, tokenized assets backed by trade receivables will now gain faster circulation, liquidity, and credibility through XRPL’s decentralized infrastructure.
Looking ahead, the two companies plan to expand their partnership into different areas as well. This includes stablecoin development, smart contract–enabled trading of supply chain assets, and the integration of blockchain with artificial intelligence for trade finance scenarios. The XRP Ledger is emerging as a leading global settlement layer for stablecoins.
In supply chain finance, Linklogis is already a dominant force. In 2024, the company managed RMB 20.7 billion in cross-border assets and served clients in 27 countries. By using the ledger, the company demonstrates that blockchain technology is evolving and that Chinese companies are prepared to adopt decentralized systems.
Linklogis aims to provide businesses with more ways to access funds and enhance transparency in trade financing through XRPL technology. This partnership also helps improve XRPL’s reputation worldwide and strengthens its presence in Asia.
Expanding Ripple’s Asia Footprint
This development adds to Ripple’s growing list of strategic wins across Asia. Earlier this month, South Korea’s BDACS introduced institutional custody services for XRP. It would provide regulated access to major local exchanges, including Upbit, Coinone, and Korbit. The move paves the way for institutional adoption of the altcoin in Korea’s crypto sector.
Meanwhile, SBI Holdings, a major financial company in Japan, has announced plans to introduce Ripple’s stablecoin, RLUSD, on its SBI VC Trade platform this fiscal year. The integration of yen-backed tokens is another item on the roadmap. This demonstrates Ripple’s growing contribution to bridging the gap between blockchain technology and conventional finance.
Ripple also partnered with the Web3 Salon, backed by Japan’s JETRO. They would provide up to $200,000 in grant funding for projects building on XRPL.
The new partnership marks another significant milestone in its expansion into Asia. Notably, trillions of dollars in yearly trade flows are financed by China’s supply chain. This could be extremely important for Ripple’s expansion.
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Source: https://coingape.com/xrp-ledger-secures-major-win-powering-chinas-top-supply-chain-firm/