RippleX VP Eyes $16 TRILLION Market

The Vice President of RippleX is eyeing what he believes to be a $16 trillion market that has yet to be penetrated.

Asset tokenization is the new frontier for cryptocurrencies and blockchain technology, with estimates ranging that real-world asset tokenization can draw anywhere from $4-$20 trillion in market inflows.

Markus Infanger, Vice President of RippleX, believes that Ripple Labs can effectively capture an estimated $16 trillion market, or at least a generous portion of it. Infanger told Coin Telegraph:

“We have a custody arm, a payments arm, and our contributions to the XRP Ledger.

The combination is a holistic digital asset infrastructure value proposition for traditional finance and developers who want to solve DeFi problems.”

Indeed, Ripple has been focusing on acquiring tokenization firms and partnerships over the last year:

Today, we are proud to announce Ripple has acquired @metaco_sa, becoming the sole shareholder of the Swiss-based provider of digital asset custody and tokenization technology.

Learn more: https://t.co/GrI3u13iDT

— Ripple (@Ripple) May 17, 2023

Thrilled to share that @Ripple has been selected by the Hong Kong Monetary Authority 🇭🇰 to participate its inaugural e-HKD Pilot Programme to showcase Real Estate Asset Tokenization Solution!
The world is becoming tokenized quickly and surely..https://t.co/b3iqj8x01O

— Emi Yoshikawa {X} (@emy_wng) May 18, 2023

#Ripple has been selected to showcase a real estate asset #tokenization solution as part of the Hong Kong Monetary Authority’s (#HKMA) inaugural e-HKD Pilot Programme. Find out more 👉 https://t.co/8HRZSjQv7d
…#HongKong #RealEstate #CBDC #eHKD #Blockchain #DLT | @Ripple pic.twitter.com/fwhHToAg1P

— Digital Pound Foundation (@digitalpoundfdn) May 21, 2023

🚀 🚨 Ripple CTO David Schwartz drops a gem! 💎🚨

"Tokenization on #XRPL will become a reality in just 18 months!" 🌐🔥

With the world quickly embracing tokenization, what’s the impact on #XRP? 🤔 Will the XRPL become a hub for asset tokenization? #Ripple #DavidSchwartz… pic.twitter.com/kDkizyP8R6

— Good Morning Crypto (@AbsGMCrypto) October 15, 2023

Benzinga had more:

Infanger further revealed that Ripple is in advanced talks with various financial institutions about tokenization projects to issue assets on the XRP Ledger.

He pointed out the example of HSBC partnering with Ripple-owned technology firm Metaco in November 2023 to allow institutional investors to hold tokenized securities on its new custody platform.

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