On Monday, cryptocurrency analyst Paul Barron celebrated a major milestone on social media, announcing that XRPL had “smash” $1 billion in on-chain tokenized assets.
However, Ripple team member Luke Judge quickly intervened and corrected the record with a much larger number.
December surge
The judges said the $1 billion figure was already outdated.
“For your information, it’s been over two years,” the judge replied, revealing that the network had actually passed the $2 billion milestone a while ago.
He attributed the discrepancy to data lag, noting that the team is waiting for analytics provider @RWA_xyz to index new assets with its partners.
Most impressively, the judges noted the speed of this adoption. “In December alone, we doubled RWA’s (market cap) in XRPL from $1 billion to $2 billion,” he wrote.
Capital market goes on-chain
Despite the large influx in December, judges stressed that the task is far from complete. “Capital markets will be on-chain,” he said. “The job is not done until we build a full-fledged, deep and mature ecosystem around these assets.”
Ripple has been actively implementing strategies to transform society. $XRP Payment network to institutional financial infrastructure ledger (XRPL). Ripple has invested $10 million directly in OpenEden’s TBILL token. This partnership brought U.S. Treasury Bills to XRPL, offering investors a “risk-free” yield product that resides entirely on-chain.
Also important is our partnership with Archax, the UK’s first FCA-regulated digital stock exchange. Archax has promised to bring “hundreds of millions” of tokenized assets to XRPL, including tokenized access to funds from traditional big players like ABRDN.
