Ripple News: David Schwartz on XRPL's Bold Leap into Tokenizing Traditional Assets


20 Nov 2023 5:50 AM

David Schwartz, the Chief Technology Officer of Ripple, recently highlighted the strategic shift of the XRP Ledger (XRPL) towards the tokenization of...

  • David Schwartz, the CTO of Ripple, discussed the strategic shift of the XRP Ledger towards tokenization of real-world assets.
  • This move aligns XRPL with major financial institutions like JPMorgan and Bank of America.
  • Schwartz expressed satisfaction that the technology behind XRPL is gaining recognition beyond the focus on XRP.
  • Major financial players are increasingly interested in this technology, as the tokenization market could reach $30 trillion by 2030.
  • Schwartz sees XRPL becoming a leading marketplace for tokenized real-world assets.

The sentiment of the article is positive overall. It highlights the strategic shift of XRPL towards asset tokenization, which is seen as a significant development in the blockchain industry. The active interest from major financial players and the potential for XRPL to become a leading marketplace for tokenized assets are also positive factors.

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You May Ask

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