On a typical day, it clears more than $10 billion and processes more than 50 million transactions across traditional rails. “Now imagine even a portion of that activity on the XRP Ledger — and that’s exactly what Hidden Road plans on doing — not to mention future use of collateral and real-world assets tokenized on the XRPL,” said Schwartz. Source: RippleRipple has long touted the XRP Ledger as a scalable platform for real-world assets (RWAs), having partnered with crypto exchange Archax to launch a tokenized money market fund in November. However, until now, tokenization on the XRP Ledger has been minimal.
Industry data tracks only two RWAs on the XRP Ledger valued at roughly $50 million. The XRP Ledger has yet to take off as a tokenization platform.Source: RWA.xyzRelated: VC Roundup: 8-figure funding deals suggest crypto bull market far from overRWA market continues to scaleThe value of onchain RWAs has grown by 9.2% over the past 30 days, bucking a general downtrend in the cryptocurrency market tied to global growth fears and tighter financial conditions.
Source: Tokenized Asset CoalitionSome of the world’s largest companies are already experimenting with asset tokenization, with CME Group and Google recently partnering to explore how the Google Cloud Universal Ledger could improve capital market efficiency. Prometheum CEO Aaron Kaplan recently told Cointelegraph that regulatory conditions in the United States are ripe for tokenization to really take off.
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