Sologenic, a leading ecosystem built on the XRP Ledger (XRPL), continues to drive forward its mission of democratizing financial markets through tokenization. The platform enables users to trade tokenized stocks, ETFs, and other real-world assets (RWAs) on-chain, bridging traditional finance with decentralized infrastructure.
🔗 Built on the XRP Ledger
Sologenic leverages the speed, cost-efficiency, and reliability of the XRP Ledger. As an XRPL-native project, it benefits from fast settlement times (3–5 seconds), minimal transaction fees (fractions of a cent), and a decentralized exchange (DEX) built directly into the protocol.
The project uses solo tokens (SOLO) for utility within the Sologenic DEX and governance functions. The SOLO token operates as the fuel of the ecosystem, supporting liquidity incentives and trading fee discounts.
📈 Core Offerings
Sologenic’s primary platform offerings include:
- Sologenic DEX (decentralized exchange):
A non-custodial trading platform that allows users to swap XRP and XRPL-issued assets, including NFTs and tokenized assets. - Tokenized Securities Trading (under regulatory framework):
In collaboration with regulated partners, Sologenic has previously facilitated access to over 40,000 tokenized stocks and ETFs, allowing 24/7 trading and fractional ownership. These instruments are backed 1:1 with underlying assets held by custodians. - NFT Marketplace:
Built directly on XRPL, Sologenic’s NFT marketplace supports minting, listing, and trading of non-fungible tokens using XLS-20 standard.
🛠️ Ecosystem Developments
Recent factual developments include:
- XLS-30 Integration (in testing):
Sologenic has expressed support for the upcoming XLS-30 automated market maker (AMM) protocol proposed for XRPL. Once live, it may enable liquidity pool-based trading mechanisms on the DEX. - Gateway Operations:
Sologenic maintains gateway operations to issue tokenized representations of real-world assets onto XRPL, such as tokenized stocks and ETFs. These gateways are key in enabling RWAs to exist on-chain. - Mobile App:
The Sologenic DEX mobile application is available on iOS and Android, offering wallet integration and full access to XRPL-based token trading.
Conclusion:
Sologenic remains one of the most established projects on the XRP Ledger, combining regulatory-facing tokenized securities with decentralized trading tools. With further improvements like XLS-30 integration on the horizon, the platform continues building within the XRPL framework.
