Ripple’s use of tokenization will be of major benefit to its network and native token. Tokenization will be in demand for its ability to track asset ownership using Blockchain technology.

$1 trillion is the value tokenization it is expected to hit in 2024. That value is expected to surge to $10 trillion by 2028.

Tokenization still has some barriers to demolish. Adoption is slow, but demand across big financial top-dogs is increasing.



Ripple’s XRP Lenger (XRPL) was the first blockchain to aid tokenization for a large number of assets. These assets include stablecoins, NFT tokens, and other cryptocurrencies like Bitcoin and Ethereum. The USD, Euros, gold, and even stocks can be tokenized, thanks to XRPL.

Although it is happening at a slower pace, XRPL is noting some big achievements on the Blockchain network. In a report recently published by Ripple, it was noted that on-chain activity on the XRPL platform was buoyant.

Tokenizing any asset on the #XRPL is easy as pie!🥧 All you need is a few lines of code, or a web interface that walks you through the process step-by-step.

Check out this video to review the basics. https://t.co/PJoKqp4YCG pic.twitter.com/Hhjb5zLE4j

— RippleX (@RippleXDev) February 2, 2023

The amount of transactions on the platform have skyrocketed this year. The ledger now records over a whopping 3 million to 106 million transactions.

NFT transactions are also experiencing the same levels of growth. In the last quarter, new wallet uses totalling 228,000 were ushered into the ledger.

Ripple also reported that Ripple has so far made a $8.4 billion purchase since the SEC lawsuit began.

XRPL surely holds the keys to a massive price hike for XRP, should it succeed in the Crypto market.

SEC vs Ripple; case so far

Meanwhile, the ongoing SEC vs Ripple case is entering a crucial period. The verdict of the case is expected to influence the price and performance of XRP, either in a positive or a negative manner.

The motions for summary judgment have already been briefed last year. All that is left for the case’s conclusion is a judge’s ruling, which the public awaits.



There’s no specific date for when the case will eventually come to a close. But the CEO of Ripple, Brad Garlinghouse, insists that there will be an update within the first three months of 2023.

On the other hand, attention can be given to XRP’s price movement. XRP does not seem to be holding up too well at press time. XRP spiked by 1.14% in the last 24 hrs. But XRP’s losses outweigh the gains at the moment. XRPA’s price is now $0.415.

Der Beitrag Ripple XRP price to go 10x after win over SEC and this future tech billion-$-market of tokenization – Report erschien zuerst auf Crypto News Flash.

The XLS30d (proposed automated market maker) and XLS-20 proposals are at various levels of advancement. Hence, it is likely that the XRP ledger might soon receive new features to enable DeFi and NFTs. Currently, the XRPL validator is considering the XLS-20 proposal, which would allow for native NFTs on the XRP ledger.

Thus, it would be possible to create NFTs on the XRP ledger compactly and efficiently. It also minimizes the negative impact on the ledger’s performance and prevents congestion on a large-scale basis. XLS-20 can significantly simplify the NFT creation process for developers with built-in features such as auctioning and minting.

Once the XRPL community adopts this XLS-20 (the proposed NFT protocol), it will be faster to complete NFT transactions on the XRPL. Also, it will be less expensive to buy, sell or mint NFTs. Ripple developers launched an NFT devnet in January to facilitate support for NFTs on the XRP ledger.

The XLS-30d proposal

The July 2022 XLS-30d proposal suggests the introduction of a non-custodial automated market maker (AMM) as a feature on the XRPL decentralized exchange (DEX). The aim is to maximize returns for AMM liquidity suppliers and reduce risk losses caused by volatility. Thus, creating better DeFi functionality on the XRPL.

One of XRPL developers, Wo Jake, revealed that the proposal for the AMM amendment as a pr is available on Ripple’s codebase. Ripple’s Vice President, Corporate Operations and Strategy, Emi Yoshikawa, tweeted the schedule for the completion of the AMM (XLS30d) proposal. According to her, the AMM devnet release should be available in the next few weeks. The Ripple executive added that an amendment proposal would be available by Q4 2022 after incorporating the community’s feedback.

🚨ANNOUNCEMENT🚨

We are very excited to announce our partnership with @realsupermojo to enable creditcard payments and leverage their custody solution through our #XRPL NFT marketplace.

Accessibility is the key to mass adoption. Fiat payments for #NFTs enable that.#XLS20 #XRP

— onXRP.com (@onXRPdotcom) September 7, 2022

Yoshikawa explained the importance of the proposed AMM (XLS30d), saying, “there has been a DEX running on the XRP ledger since 2012. But it is in an order book format (the CLOB).” “Adding an AMM based on a future amendment would strengthen the CLOB DEX and improve liquidity significantly.”

Temenos and Bhawan Cybertek (BCT) partner together

Meanwhile, Ripple partner, Temenos, has signed an exclusive strategic agreement with digital transformation firm, Bahwan Cybertek (BCT), to expand its market presence in Bhutan and neighboring nations, specifically India, Nepal, and Sri Lanka. Besides helping Temenos to deepen its local expertise and expand its market coverage. BCT will also market, utilize and support Temenos’ products and services in these nations.

BCT’s group CEO and co-founder, S Durgaprasad, said the partnership would improve BTC’s visibility and network within the banking industry. Through this agreement, Temenos will achieve faster business growth in the countries mentioned above. Temenos’ president and chief revenue officer, Erich Gerber, said that the deal would enable Temenos to leverage BCT’s expertise in the local market to access new business opportunities in these geographical regions, facilitating the company’s growth.

Der Beitrag Ripple: DeFi and NFT on the XRPL will change the whole ecosystem erschien zuerst auf Crypto News Flash.