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Title: XRP Ledger drives the first tokenized fund of $1 billion: The start of a $16 trillion asset revolution
Ripple and its subsidiary, ABDN-Fonden, have made significant strides in their vision for blockchain technology within the financial sector. The recent launch of Ripple USD (RLUSD) stablecoin has already been listed on multiple platforms, aimed at streamlining seamless cross-border transactions.
In another notable development, Ripple’s CTO David Schwartz recently discussed the scalability of XRPL and its potential to handle up to 50,000 TPS in the future due to technological advancements. However, Schwartz emphasized that high TPS rates must always be accompanied by decentralization to ensure the security of the blockchain.
Furthermore, tokenizing RWAs on XRPL paves the way for more institutions to adopt Ripple’s network. With its extremely low fees, fast settlement times, and focus on compliance, XRPL is well-positioned to address the increasing adoption of blockchain technology in the financial sector.
This development marks a significant milestone in Ripple’s vision for a decentralized, transparent, and accessible financial system.
Source: http://www.crypto-news-flash.com
