Crypto analyst Cosmo has presented a detailed analysis of Ripple and BlackRock's cooperation, asserting that both companies are acting in coordination to reshape the financial system through tokenization.
Ripple's Role in Tokenizing Traditional Assets
Cosmo traces the beginning of Ripple's efforts to tokenize traditional assets, such as U.S. treasury bonds, using the XRP Ledger. This is done through the OUSG fund, which provides access to tokenized assets around the clock. BlackRock has also allocated capital into this fund, affirming its indirect support for tokenization using XRPL.
New Developments in Biometric Identification
Cosmo points out a token with the ticker $XDNA that will be launched on the XRP Ledger on July 4, 2025, linked to biometric infrastructure. This token is expected to be used for accessing medical data and genomics. He emphasizes that this development should not be viewed in isolation, as it is connected to Ripple's broader role in constructing a new digital infrastructure environment.
BlackRock's Expanding Blockchain Integration
Cosmo also highlights that BlackRock's Aladdin software, which manages over $20 trillion in assets, is testing blockchain networks for transaction tracking. He notes that Ripple is compatible with the ISO 20022 international standard, making XRPL suitable for next-generation financial systems.
The coordinated efforts of Ripple and BlackRock could significantly alter the landscape of financial markets and impact all cryptocurrency holders. According to Cosmo, the tokenization process has already begun, and it is crucial to understand its implications for the current financial system.
