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China’s Fintech Link Logis will join XRPL’s growing ecosystem, with Philippine lawmakers moving forward with blockchain transparency initiatives. Overall, government adoption will accelerate across APAC, using strategic Bitcoin reserves and on-chain budgeting systems.
China’s Fintech Link Logis joins XRPL’s growing RWA ecosystem
LinkLogis deploys its trade finance application on XRP Ledger MainNet. The partnership is aimed at faster settlements across global commercial borders. Integration is intended to effectively tokenize real-world assets in the supply chain.
XRPL’s tokenized RWA volume surged 22.81% to $355.8 million per month. The network is currently ranked 9th in the world by its RWA value. Recent partnerships span the real estate in Dubai and the agribusiness sector in Brazil.
Last year, Linklogis handled $800 million cross-border assets. Future developments include Stablecoin settlements and AI-enhanced trade financing. This collaboration will enhance the adoption of XRPL companies across multiple jurisdictions.
Founded in 2016 with support from Tencent and other investors, Linklogis became China’s first listed supply chain fintech in 2021. As a result, its asset scale exceeds RMB1.5 trillion ($206 billion).
The Philippine Senator proposes a national budget system for blockchain
Philippine Sen. Bam Aquino advocates for the placement of the entire Philippine national budget on the blockchain. The proposal will allow citizens to track all pesos based on the existing budgetary management blockchain platform.
Currently, Bayani Chain is choosing the government’s financial document record system. The platform uses Polygon’s Proof-of-Stake network for transparency. If realized, the Philippines could be the first country to have completely blockchain-based budgetary control.
Separately, Rep. Miguel Luis Villaraferte proposed to acquire 10,000 Bitcoins as a strategic reserve. The bill will require a 20-year holding period with limited liquidation options and will place Bitcoin nationwide along with gold and foreign exchange reserves.
Asian coverage of Beincrypto
Former Coinbase CTO Balaji Srinivasan will launch a network school in Malaysia to test blockchain governance with 400 students.
Japanese auto parts manufacturer Ikuyo has invested $2 million in US Stablecoin Firm Stock Soars.
Stablecoin Card Firm Rain will raise $58 million from investors in Samsung Next and Sapphire Ventures.
