Sologenic Integrates the XRPL Coreum Bridge: Empowering XRP and SOLO Holders with DeFi Across 100+ IBC Chains

In the landscape of blockchain technology, the integration between XRPL and Coreum via the XRPL Coreum Bridge marks a significant step forward in achieving interoperability and enhancing DeFi capabilities. The bridge, soon to be released on Sologenic, fosters a seamless connection between two robust ecosystems, leveraging the strengths of each to offer users and developers a comprehensive suite of tools and features for next-generation blockchain applications.

Sologenic & Coreum: The Leading XRPL Ecosystem Meets Business-Ready Blockchain Solutions

Since its launch in 2019, the Sologenic DEX has established itself as a pioneering project on the ledger, cementing its position through the introduction of several decentralized applications. These applications have empowered users to fully leverage the ledger’s native functionalities, ranging from token issuance to the utilization of advanced trading tools.

On the other side of this integration, Coreum stands as a groundbreaking layer-1 blockchain, architected on the Cosmos-SDK. Its design prioritizes the facilitation of business operations through a lightweight digital asset infrastructure, fostering a decentralized, compliant network that aligns seamlessly with established financial messaging workflows and standards. As such, the launch of the XRPL Coreum Bridge marks a significant milestone in substantially enhancing the capabilities of both ecosystems.

With the seamless interoperability facilitated by the XRPL Coreum Bridge, Sologenic is now able to offer a robust trading platform that garners assets and liquidity from multiple chains. This integration empowers users with the ability to engage in cross-chain swaps, access a broader range of DeFi services, and explore advanced tokenization models, all within a single, user-friendly environment.

In connecting with Coreum, users can finally put their $XRP and $SOLO to work.

Unlocking Advanced DeFi Capabilities

The bridge introduces a host of advanced DeFi functionalities to the XRPL ecosystem that were previously a challenge to implement due to the inherent design and focus of the XRP Ledger on payment processing and settlement efficiency. Coreum’s architecture, designed with interoperability and DeFi in mind, brings smart contract features such as:

• Staking: Users can take advantage of Smart Contracts and Smart Tokens on Coreum in order to participate in network security and consensus mechanisms, earning rewards in the process.
• Yield Farming and Liquidity Mining: The bridge allows XRPL users to engage in yield farming and liquidity mining via Coreum-based dApps, providing liquidity to various pools in exchange for interest or token rewards.
• Lending and Borrowing Platforms: By leveraging Coreum, developers can create lending and borrowing platforms directly accessible to XRPL users, enabling them to lend their assets or borrow against them under smart contract conditions.

Additional Key Features of Coreum:

• Smart Tokens: Coreum introduces programmability to its native token standard, enabling advanced features like whitelisting, freezing, and burning. This facilitates sophisticated use cases such as tokenization and programmable money.
• Inter-Blockchain Communication (IBC): The implementation of IBC allows for seamless asset transfers across 100+ different blockchain protocols, bolstering interoperability within the ecosystem.
• ISO 20022 Integration: As the first blockchain to integrate this financial messaging standard at the protocol level, Coreum enables seamless communication between institutions and blockchain ecosystems.

The XRPL Coreum Bridge represents a monumental milestone, bridging two powerful ecosystems to unlock new possibilities for interoperability, DeFi, and more. As blockchain technology continues to evolve, such integrations are essential for creating a more connected and functional decentralized environment, empowering users and developers with the tools and platforms necessary to drive innovation and adoption in the digital age.

About Sologenic

Sologenic’s regulated arm is deploying a platform with a hybrid model for the on-demand tokenization of assets. The platform facilitates trading between crypto and off-chain traditional assets such as stocks & ETFs. The institutional-grade offering is designed for RIA’s, brokerage houses, family offices, banks and other financial institutions looking to tokenize real-world assets for their clients.

Learn more at www.sologenic.org