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XRP Ledger Drives the First Tokenized Fund of $1 Billion: A Starting Point for a $16 Trillion Asset Revolution
In a groundbreaking move, Ripple’s XRP Ledger has successfully driven the launch of the first tokenized fund worth $1 billion. This monumental achievement marks a significant milestone in the company’s long-term vision for blockchain adoption within the financial sector.
The newly launched RLUSD stablecoin has already listed on several platforms and aims to simplify seamless cross-border transactions. Moreover, Ripple CTO David Schwartz recently discussed the scalability of XRPL, highlighting its potential to handle up to 50,000 TPS in the future due to technological advancements. However, Schwartz emphasized that high TPS must always be accompanied by decentralization to ensure the security of the blockchain.
Tokenizing Real-World Assets (RWAs) on XRPL paves the way for more institutions to adopt Ripple’s network. With its extremely low fees, rapid settlement times, and focus on compliance, XRPL is well-equipped to respond to the growing adoption of blockchain technology in the financial sector.
Please note that this article is intended for informational purposes only and should not be considered as investment advice.
Source: http://www.crypto-news-flash.com
