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Reaper is a sort of xml style format, but really just tags and text strings. Studio One project is a zip file with a bunch of xml files in it which track files by guiid's.
Cubase supports OMF export. You can also export time‑stamped broadcast wave files.
Whichever way you export though, you're invariably going to lose things. Plugin settings, automation, etc.
Funnily enough, working with both audio and video, video editing is still pretty archaic when it gets down to it. That's why you see more interchange formats, because different apps have different limitations so the user ends up actually needing to move stuff from app to app.
Audio is much further down the track in terms of feature sets, so people pretty much can and do just stick to one DAW these days.
Depending on what you wanna do Nick, you might find it better to script something up.
https://www.audiorecording.me/what-is-broadcast-wave-format-bwf-how-to-use-it-in-your-daw.html