RippleX President Markus Infanger announced that the XRP Ledger (XRPL) is ready for the next phase of real-world asset tokenization, emphasizing the importance of SPV structures.
Readiness of XRPL for Tokenization
Markus Infanger stated that XRPL is prepared for the next stage of real-world asset (RWA) tokenization. He compared the current situation to the transformations that occurred in the 1970s when Euroclear and DTCC introduced electronic records for paper asset certificates.
Role of SPVs in Asset Tokenization
Infanger noted that the SPV (Special Purpose Vehicle) model is merely a temporary bridge to a more advanced solution. SPVs provide legal clarity and regulatory compliance, allowing institutional players to enter the market for tokenized assets.
Future of Digital Asset Issuance
According to Infanger, the future lies in the digital issuance of assets directly on-chain. He asserts that XRPL will facilitate the legal underpinnings of tokens, simplifying storage and compliance processes. An example is Ctrl Alt's pilot project with Dubai's Land Department.
In conclusion, RippleX emphasizes that XRPL is poised for significant changes in the financial sector through real-world asset tokenization. This opens new horizons for institutional investors and asset management.
