RippleX VP Eyes $16 TRILLION Market

April 18, 2024 10:55 pm Comments

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:

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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