Digital asset custodian Atato announced a strategic integration with Cronos Chain and XRP Ledger. The main objective of the association is to exert substantial influence through its innovative Bring-Your-Own-Chain (BYOC) feature.
The integration is expected to boost the DeFi and GameFi sectors while strengthening the role of XRP Ledger (XRPL) in the blockchain ecosystem.
Atato Integration with Cronos Chain and XRP Ledger
BYOC is an escrow solution that facilitates easy integration of any blockchain with a single click. The broader goal is a future where multiple blockchains coexist seamlessly, ultimately driving widespread adoption, according to the official announcement shared with CryptoPotato.
Commenting on the development, Atato co-founder Guillaume Le Saint highlighted the growing demand for users to secure their tokens on multiple chains and control them through a simple user interface. The executive added that this demand has increased notably with the proliferation of various Layer 1, Layer 2 and Subnetworks within various ecosystems.
“With Atato’s ‘Bring Your Own Chain’ feature, we enable any project, venture fund or institution to effortlessly add support for any blockchain and any token with a single click, a capability that was previously out of our reach.”
The platform noted that the BYOC integration is designed to offer support to Web3 developers, startups and small and medium-sized enterprises (SMEs) affiliated with the XRP Ledger, Cronos and other ecosystems, all sharing a common vision to create a secure environment. , interoperable and compatible with emerging Web3 participants.
Additionally, this integration also allows projects to easily connect and use decentralized applications (dApps) across blockchain networks using Atato’s WalletConnect feature. Given the growing threat of preventable attacks, it is imperative to emphasize security from the beginning, Atato said in his press release.
XRPL Growth
XRP Ledger has managed to maintain consistent growth despite the decline in cryptocurrencies this year.
The latest data revealed that the wallet count on XRPL has surpassed 4.82 million as of October 26. There are over 58 billion worth of XRP in total in these accounts. On the other hand, accounts with zero XRP balance amounted to just 1,188.
Meanwhile, Japanese financial powerhouse SBI Holdings has announced that it will launch its nft initiative on the XRPL for the upcoming Osaka-Kansai Expo.
The next World Expo (Expo 2025) will take place in Osaka, Japan . https://t.co/P8xST3mzAp
SBI Holdings has been selected to issue official Expo NFTs (called “Myakuun!”) and will use the XRP Ledger for nft issuance.
I’m so excited that this will give you millions of… pic.twitter.com/DuM1Xn1vU7-Emi Yoshikawa (@emy_wng) October 23, 2023
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