Dr. Marius Jurgilas, a seasoned researcher and banking specialist who formerly served as an official of the central banks of England, Norway, and Lithuania, offered an unconventional endgame objective for contemporary automated market making engines (AMMs). The exchange of tokenized assets between financial and non-financial assets will be made possible by these platforms.
Extracting value from tokenized assets: Case for XRPL AMM?
Exchanges of financial and non-financial assets will be made easier by on-chain AMMs. Users may, for instance, trade portions of Rembrandt paintings for stocks of Chinese enterprises. During a conversation with Ripple’s Director of Product Marketing Kirsten Rommel and Head of Liquidity Products Brad Chase, Dr. Marius Jurgilas provided this prognosis.
The discussion took place at a recent Ripple webinar on using digital assets. Crypto Eri (@sentosumosaba on X, formerly known as Twitter), a supporter of ripple and a member of the community, posted a video today, September 2, 2023.
Users will be able to transfer value between assets via this fictitious method without using money or another “regular” medium of trade. According to Dr. Jurgilas, such on-chain solutions would enable people all around the world to become liquidity providers and market makers rather than buyers and sellers.
As previously reported by U.Today, Ripple Inc. collaborates with Lithuania-based SUPER HOW? on the XRPL-based project Axiology. To develop the study of employing DLTs for central bank digital currencies (CBDCs) in the European Union, the partners collaborated.
XRP Ledger inches closer to viable AMM launch with XLS-30d approval
The EU financial authorities’ DLT Pilot Regime Regulation includes the collaboration programme as a component.
However, for worldwide tokenization in the financial and non-financial asset divisions, XRPL-based automated market makers (AMMs) will be of utmost importance. RippleX is now stress-testing the XRPL AMM design that was suggested in the XLS-30d update on the devnet and testnet.
Up until the project reaches its maximum level of stability, the testing procedures will continue. The XLS-30d proposed mainnet activation will then be put to a vote.
Three client programming libraries (xrpl.js, xrpl-py, and xrpl4j) as well as the xrpl.org block explorer now support XRPL AMM functions thanks to RippleX.
