WhiteRock, a decentralized brokerage platform powered by blockchain, has garnered attention following the strong performance of its XRPL-powered testnet. The testnet, which was integrated with the XRP Ledger (XRPL), showed impressive results, including a network latency of just 4.2 milliseconds and $324.5 million in 24-hour market activity. This marks a key milestone in WhiteRock’s journey towards launching its platform live.
In light of these achievements, WhiteRock has scheduled a live AMA on March 11 at 12 pm EST with its founder, Maxime Pizzolitto, to discuss the XRPL integration and answer questions from the public. The strong results from the testnet are fueling optimism for the upcoming live launch.
WhiteRock’s partnership with XRP Ledger is noteworthy, as the blockchain’s 5-second transaction times and minimal fees provide WhiteRock with a significant advantage over traditional brokers and competitors. The integration is seen as a potential game-changer in the world of tokenized securities and bonds. This partnership has sparked interest from various financial firms, some of which are already looking to join WhiteRock’s whitelist before the live launch.
WhiteRock’s testnet also showed settlement times of 3.4 seconds, far faster than the traditional T+2 settlement process, which typically takes two business days. This highlights XRPL’s ability to facilitate faster and more efficient transactions in the world of tokenized assets. With 2.8 billion transactions over 12 years, XRPL has built a reliable and robust infrastructure, making it a solid foundation for WhiteRock’s trading platform.
The WhiteRock platform is also gaining traction with its WHITE token, which is starting to attract attention from traders. The platform’s market beta of 1.12 and manageable risk underscore XRPL’s reliability and WhiteRock’s growing liquidity. With a $420 million FDV (fully diluted valuation), there’s ample room for growth, especially as WhiteRock expands its tokenized securities offerings.
As the live launch draws closer, WhiteRock appears well-positioned to meet the growing demand for more efficient ways to trade tokenized assets. The success of the XRPL-powered testnet and the upcoming AMA are key moments in the platform’s journey, signaling that WhiteRock could soon be a major player in the space.
For those interested in learning more about what’s ahead, the AMA with Maxime Pizzolitto on March 11 will provide additional insights into the exciting developments at WhiteRock.