Tomoya Asakura, CEO of SBI Global Asset Management, has expressed his view on the growing significance of the XRP token as a means of wealth transfer for the next generation, particularly considering its increasing role in the international financial system.
XRP's Role in Financial Markets
Following a recent surge that brought XRP close to the $3 mark, Asakura noted that rising interest from banks and institutions is a key driver of this rise. He believes the strategic role of XRP in cross-border transactions will only strengthen.
Ripple's Partnership with BNY Mellon
Earlier this month, Ripple selected BNY Mellon as custodian for its RLUSD stablecoin. Asakura praised this move as an important step toward building robust infrastructure for global payments.
The Future of XRP and Institutional Support
Asakura also commented on Ripple's application for a U.S. banking license, emphasizing that this development could fast-track institutional adoption of XRP. With rising institutional support and increasing real-world use cases, XRP's rise is seen as the beginning of a broader financial shift.
With increasing institutional support and real-world applications, XRP is being viewed as a defining asset of the future that could transform the financial ecosystem.
