Ripple is best known for its XRP cryptocurrency and global payments network, but it is now setting its sights on the tokenized assets market. In its 2023 New Value report, the company believes blockchain technology can unlock trillions of dollars of value in the global financial system by tokenizing real-world assets like stocks, bonds, and real estate. Ripple Wants To Get In On The Action Tokenized digital representation of assets like stocks, bonds, real estate, art, and commodities provide more efficiency, liquidity, and accessibility on DeFi protocols. And Ripple has big plans for the tokenized assets market. Related Reading: Polygon Upgrade Proposal Pushes Price Over 5%, Is It Too Late To Buy? The company believes that the tokenization of global illiquid assets could be a $16 trillion business opportunity by 2030. So to position itself, Ripple is building tools and services for tokenizing assets and facilitating blockchain-based trading. Earlier this month, the company’s CBDC advisor, Anthony Welfare, posted on Twitter that Ripple’s CBDC team is focusing on real-world use cases for a CBDC or stablecoin on Ripple’s CBDC ..
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