{"id":126725,"date":"2025-04-08T16:15:29","date_gmt":"2025-04-08T16:15:29","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126725"},"modified":"2025-04-08T16:15:29","modified_gmt":"2025-04-08T16:15:29","slug":"ripple-acquisition-of-hidden-road-a-defining-moment-for-xrpl-ripple-cto","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126725","title":{"rendered":"Ripple acquisition of Hidden Road a \u2018defining moment\u2019 for XRPL \u2014 Ripple CTO"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsRipple\u2019s $1.25 billion acquisition of prime broker Hidden Road is a \u201cdefining moment\u201d for the blockchain payments company, potentially unlocking more use cases for the XRP Ledger among institutions, said David Schwartz, Ripple\u2019s chief technology officer.\u00a0<br \/>\n\u201cRipple\u2019s acquisition of Hidden Road is a defining moment for the XRP Ledger and XRP,\u201d Schwartz said on social media on April 8.\u00a0<br \/>\nHidden Road is a prime brokerage and credit network with more than 300 institutional customers. On a typical day, it clears more than $10 billion and processes more than 50 million transactions across traditional rails.\u00a0<br \/>\n\u201cNow imagine even a portion of that activity on the XRP Ledger \u2014 and that\u2019s exactly what Hidden Road plans on doing \u2014 not to mention future use of collateral and real-world assets tokenized on the XRPL,\u201d said Schwartz.\u00a0<br \/>\nSource: RippleRipple has long touted the XRP Ledger as a scalable platform for real-world assets (RWAs), having partnered with crypto exchange Archax to launch a tokenized money market fund in November.\u00a0<br \/>\nHowever, until now, tokenization on the XRP Ledger has been minimal. Industry data tracks only two RWAs on the XRP Ledger valued at roughly $50 million.\u00a0<br \/>\nThe XRP Ledger has yet to take off as a tokenization platform. Source: RWA.xyzRelated: VC Roundup: 8-figure funding deals suggest crypto bull market far from over<br \/>\nRWA market continues to scale<br \/>\nThe value of onchain RWAs has grown by 9.2% over the past 30 days, bucking a general downtrend in the cryptocurrency market tied to global growth fears and tighter financial conditions. Over that period, the number of asset holders increased by 6.2%, according to RWA.xyz.\u00a0<br \/>\nAnalysts across the traditional finance industry expect tokenized RWAs to become a multi-trillion-dollar market by 2030 due to large addressable markets across bonds, commodities, equities, real estate and the M2 money supply.\u00a0<br \/>\nAccording to various estimates, the value of tokenized securities could reach at least $2 trillion by 2030. Source: Tokenized Asset CoalitionSome of the world\u2019s largest companies are already experimenting with asset tokenization, with CME Group and Google recently partnering to explore how the Google Cloud Universal Ledger could improve capital market efficiency.\u00a0<br \/>\nPrometheum CEO Aaron Kaplan recently told Cointelegraph that regulatory conditions in the United States are ripe for tokenization to really take off. The biggest gap to adoption is a lack of secondary markets for buying and selling tokenized assets. However, this could soon change as crypto-native companies and traditional brokerages compete for market share.<br \/>\nMagazine: Block by block: Blockchain technology is transforming the real estate market<a href=\"https:\/\/cointelegraph.com\/news\/ripple-acquisition-hidden-road-xrpl-cto?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsRipple\u2019s $1.25 billion acquisition of prime broker Hidden Road is a \u201cdefining moment\u201d for the blockchain payments company, potentially unlocking more use cases for the XRP Ledger among&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126725"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126725"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126725\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126725"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}