Institutional investors, asset managers and banks are racing to bring financial assets on-chain in a market estimated to grow to $16 trillion in value.
Speaking exclusively to Cointelegraph during Paris Blockchain Week, Infanger said that TradFi’s use of blockchain is finally becoming tangible. Infanger said that advanced conversations with various financial institutions are ongoing, and they are exploring tokenization projects to issue assets on the XRP Ledger. These firms already have distribution lined up and can articulate use cases and how they want to use the underlying blockchain.
While Ripple is widely viewed as “a payments-first company” providing a blockchain-based payment solution to solve economic and financial friction, recent developments are broadening its appeal to both TradFi and decentralized finance players. “Right now, we’re at $130 billion, so there’s clear demand, and there’s an expected trajectory of enormous growth. We’re really still at the early days,” Infanger said.
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Source: Cointelegraph - 🏆 562. / 51 Read more »