XRP’s trillionaire dream: Can XRPL snatch 1% of the $1.4 trillion tokenization market?
Ripple CTO David Schwartz is looking ahead to the massive $1.4 trillion tokenization market, sparking optimism about the future of the XRP Ledger. XRPL’s low fees and seamless integration with decentralized exchanges allow it to secure at least a 1% share of tokenized real-world assets.
Increased Tokenization of XRPL
At the Apex 2023 Developer Summit, Ripple CTO David Schwartz highlighted the unique features that position XRPL as a leader in tokenizing real-world assets.
With low trading fees and seamless integration with decentralized exchanges (DEXs), XRPL aims to be the best platform for launching tokenized real-world assets. Schwartz’s prediction that this milestone will be achieved within the next 18 months has sparked excitement within the XRP community.
Recently, the Good Morning Crypto podcast We revisit Ripple CTO David. Schwartz’s thoughts on XRPL’s potential in the RWA tokenization market.
1% of $1.4 trillion in XRP
Expanding on this, the Good Morning Crypto podcaster pointed out that a huge opportunity lies ahead. Capturing just 1% of a $1.4 trillion market could result in trillions of dollars flowing into XRP.
When you break it down, 1% of $1.4 trillion is equivalent to $14 trillion, which is far more than the current total cryptocurrency market capitalization of about $1.65 trillion. The idea that XRP can make trillions of dollars is not yet a certainty, but these events show that XRPL could change the way things work in the cryptocurrency world.
Bill Morgan, a lawyer who defends XRP and creates buzz joined the conversation, highlighting the scarcity of blockchains with built-in DEXs and low fees. This raises the question, “How many layer 1 blockchains have DEX built-in and low fees?”
Graham Rodford’s bold projections
Eventually, these discussions expanded on early insights from Graham Rodford, CEO of UK exchange Archax, who predicted an exciting future for XRPL. Rodford estimated that by 2025, XRPL could process as much as $50 trillion in the context of RWA tokenization.
With a total RWA market value of $1.4 trillion across all asset classes, Rodford highlighted the growing trend of assets converting to blockchain technology.