February 6, 2024 at 02:35 AM GST updated: February 6, 2024 at 02:32 AM 2 mins read News
  • Ripple’s CTO emphasizes XRPL’s low fees and DEX integration, foreseeing it as the top platform for real-world asset tokenization within 18 months.
  • Archax CEO Graham Rodford predicts XRPL will process up to $50 trillion by 2025 in the RWA tokenization market.
  • The XRP community anticipates trillions flowing into XRP, given the potential capture of even 1% of the massive $1.4 quadrillion RWA market.

Ripple’s CTO, David Schwartz, has outlined the promising potential of the XRP Ledger (XRPL) in the burgeoning real-world asset (RWA) tokenization market.  

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Speaking at the Apex 2023 developer summit, Schwartz underscored XRPL’s distinct advantages, particularly its low transaction fees and seamless integration with decentralized exchanges (DEX). Schwartz’s remarks have ignited excitement among XRP enthusiasts, as he foresees XRPL emerging as the preferred platform for launching tokenized real-world assets within the next 18 months. 

Further amplifying the positive sentiment, Graham Rodford, the CEO of Archax, has projected a staggering potential for XRPL in the RWA tokenization space. Rodford predicts that XRPL could process an impressive $50 trillion by 2025, attributing this forecast to the estimated 1.4 quadrillion RWA market. He draws attention to the growing trend of assets transitioning onto blockchain technology and the increasing interest in tokenized market funds and treasuries as alternatives to traditional cash.

The discussions around XRPL’s capability to handle multi-trillions of dollars gained traction as the XRP community delved into the scale of the RWA market. Enthusiasts contemplate the possibility of trillions flowing into XRP, especially considering the sheer size of the estimated 1.4 quadrillion RWA market. Even a modest capture of 1% of this colossal market would equate to trillions flowing into the XRP ecosystem, adding to the anticipation surrounding the cryptocurrency’s potential role in the evolving landscape of real-world asset tokenization.

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