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    Home»Altcoins»XRP Ledger in Highlight as Ripple President Predicts Banks Will Embrace Tokenization
    XRP Ledger in Highlight as Ripple President Predicts Banks Will Embrace Tokenization
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    XRP Ledger in Highlight as Ripple President Predicts Banks Will Embrace Tokenization

    By Crypto EditorJanuary 14, 2025No Comments3 Mins Read
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    XRP Ledger in Highlight as Ripple President Predicts Banks Will Embrace Tokenization

    Cowl picture through U.Right now

    Disclaimer: The opinions expressed by our writers are their very own and don’t symbolize the views of U.Right now. The monetary and market info offered on U.Right now is meant for informational functions solely. U.Right now isn’t accountable for any monetary losses incurred whereas buying and selling cryptocurrencies. Conduct your personal analysis by contacting monetary specialists earlier than making any funding choices. We imagine that every one content material is correct as of the date of publication, however sure presents talked about might now not be out there.

    Ripple President Monica Lengthy has waded into the dialog relating to banks’ mainstream adoption of tokenization choices. In response to Lengthy, many banks are already embracing crypto, however extra can soar on the bandwagon with the correct regulation.

    XRP Ledger and tokenization drive

    In response to Monica Lengthy, 15 of the 25 largest banks globally have already piloted tokenized asset initiatives. This remark instantly responded to Frank Chaparro, an business media persona. He identified that crypto custody stands between banks and their potential to do the rest within the business.

    Associated

    Ripple Makes Massive $682 Million XRP Transfer

    Monica Lengthy agreed with this stance and expects many banks to drift market-ready choices within the U.S. in 2025. Nevertheless, she pointed to a significant situation for this to occur, together with whether or not or not the subsequent U.S. administration will grant the wanted readability to the crypto business.

    Agree @fintechfrank! 15 of the 25 largest banks globally have already piloted tokenized asset initiatives…I count on a number of of them to launch market-ready choices within the US in 2025 IF they’ve readability from the US govt to the touch crypto — appears very potential for this to now not… https://t.co/OelnJFfYhg

    — Monica Lengthy (@MonicaLongSF) January 14, 2025

    From present indications, the brand new function of Crypto Czar David Sacks has given many business personalities confidence in constructive coverage modifications.

    Whereas not particularly talked about, the Monica Lengthy remark subtly shifts focus to the XRP Ledger and the way Ripple Labs might profit from the projected future. The funds agency is very focused on driving the tokenization agenda through XRP Ledger, with the Archax partnership. 

    The corporate is positioned to profit from this mainstream adoption pattern with its newest product evolution.

    Place of RLUSD stablecoin

    One of the crucial essential product choices from Ripple Labs to drive the tokenization agenda is the RLUSD stablecoin. Launched in December, the agency considers this its avenue to energy Actual-World Adoption (RWA) — with the liquidity increase from RLUSD.

    Associated

    Cardano Founder Actively Working on RLUSD Integration

    Up to now, the stablecoin has gained broad acclaim, breaking essential adoption milestones on prime world exchanges. Its attain has additionally unfold to totally different areas, together with Singapore, through Impartial Reserve.

    With RLUSD, Ripple hopes to play a significant function in banks’ mainstream embrace of crypto merchandise.





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