ARTA – Ripple President Monica Long recently expressed her views on the future of crypto adoption by a number of major banks. In his interview, Long said that many major banks around the world have begun to explore the use of real asset tokenization, aka RWA. Through this tokenization, banks can transform physical assets into blockchain-based digital assets.
he said that at least 15 of the world’s 25 largest banks have already managed asset tokenization projects. This is a positive signal of the progress of the banking world becoming more and more open to crypto, although there are several challenges to overcome, including clear regulations.
is optimistic about the future, many banks will launch tokenization products by 2025, especially if the US government provides clarity regarding crypto regulation. Therefore, with crypto-friendly regulations, many banks have the potential to adopt cryptocurrencies more widely and encourage the transformation of the global financial industry.
Ripple, through XRP Ledger, has become a major player in encouraging the adoption of this token. The company, known for its crypto payment services, focuses on advanced technology to support tokenization projects, one of which is to collaborate with Archax for further development.
in RLUSD.Introduced in December 2024, RLUSD is designed to increase the adoption of real-world assets (RWA) across various sectors.
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