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XRP News: XRP Ledger Powers $800M Argentina Energy Tokenization Push
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
Argentina’s YPF Luz is running electricity contracts on the XRP Ledger through Enertoken, a platform built by Buenos Aires firm Justoken that launched with more than $800 million in tokenized energy assets. Each JMWH token on the platform equals one megawatt-hour of electricity backed by energy contracts. Corporate buyers get consumption tracking, billing and cost simulations for both renewable and thermal supply. In Brazil, the central bank is reviewing Ripple’s application to operate as a virtual asset service provider, while Banco Genial has integrated Ripple Payments for USD transfers and stablecoin support. Stablecoin swaps on XRPL reached $1.65 billion this year, with 92% paired against XRP.
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