RippleX Senior VP Predicts Tokenized Asset Market Valuation Of $16 Trillion
Portfolio Pulse from Khyathi Dalal
RippleX's Senior VP, Markus Infanger, predicts the tokenized asset market could reach $16 trillion, driven by traditional finance firms adopting blockchain technology. Infanger highlighted the growing trend of financial assets being tokenized on public blockchains, with Ripple in talks with financial institutions for tokenization projects on the XRP Ledger. He also mentioned a partnership with HSBC and Metaco for a custody platform for tokenized securities. Additionally, Ripple plans to launch a U.S. dollar-pegged stablecoin on the XRP Ledger and Ethereum, aiming to expand its offerings.
April 18, 2024 | 7:37 pm
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RippleX's initiatives, including partnerships for tokenization projects and plans for a U.S. dollar-pegged stablecoin, could significantly enhance the utility and demand for XRP, potentially impacting its valuation positively in the short term.
The prediction of a $16 trillion tokenized asset market by RippleX's senior VP and the company's active engagement in tokenization projects, including a significant partnership with HSBC, directly impacts the utility and potential demand for XRP. The announcement of a U.S. dollar-pegged stablecoin further enhances Ripple's ecosystem, likely attracting more institutional interest and investment into XRP. These developments are expected to have a positive impact on XRP's valuation in the short term, given the increased utility and broader adoption in the traditional finance sector.
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