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- XRPL to tokenize real assets, starting with real estate.
- Ripple CTO confirms XRPL’s readiness for large-scale asset tokenization.
- Treasury bills and property titles set for blockchain integration soon.
Ripple’s Chief Technology Officer, David Schwartz, has confirmed that the tokenization of real-world assets (RWAs) on the XRP Ledger is no longer theoretical. In a video published today by XRP enthusiast Edo Farina, Schwartz said that XRPL is now in the position to tokenize hundreds of billions of assets across industries.
Schwartz elucidated that XRPL is trying to solve the age-old inefficiencies of traditional financial systems. Title registration, lien verification, collateral assessments, and so on are processes that tend to be exceptionally inefficient. Tokenizing those assets on the chain would make the process faster, more accurate, and much more secure.
He used real estate as one of the prominent examples. The existing mode of purchasing and selling property is cumbersome and tiresome. With tokenization, a quick property verification can be done within a second and title data is publicly stored in the XRPL. This functions to fight off fraud and provides lenders with immediate clarity on asset encumbrance.
Besides real estate, Schwartz also named some other asset classes that could be tokenized. These are stocks, commodities, T-bills, groundbreaking property, and carbon credits. OpenEden recently launched tokenized U.S. Treasury bills on XRPL, signaling institutional adoption.
XRPL Built for High-Volume Tokenized Markets
According to Schwartz, XRPL is ideal for tokenizing real world assets due to its low transaction fees. He noted that fast settlement speed and a built-in decentralized exchange make the platform efficient for asset transfers. Meanwhile, established institutions like JPMorgan and Bank of America are shifting toward blockchain-based solutions.
He also stressed that the ledger’s long-term vision is to create a fully incorporated financial system, which includes stablecoins, lending markets, and infrastructures of tokenized assets, all of which are constructed using XRP as their main utility.
Market analysts are still pessimistic, claiming that regulatory and institutional barriers block the success of XRPL, but Schwartz has announced a productive shift from theory to action. As the use of RWAs takes hold, XRP Ledger seems to be set to be a major actor in the digitalization of global finance.
Also Read: Ripple Withdraws Cross Appeal as SEC Vote Now Holds Key to Final Case Closure
