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Renowned financial strategist and co-founder of Black Swan Capitalist, Versan Aljarrah, has offered insights into how XRP holders might potentially gain a stake in the global money supply. 
He posits that XRP holders could see this possibility materialize if the XRP Ledger (XRPL) emerges as the foundational infrastructure for the tokenization of global economic assets. These assets encompass global currencies, debt instruments, and physical and digital assets. 
In his<a href="https://twitter.com/VersanAljarrah/status/1822798404738506852" rel="nofollow"> tweet</a>, Aljarrah referenced an image that starkly illustrated the current state of tokenization within the global economy. According to the data presented, only a small fraction—$170 billion—of the global economy has been tokenized, leaving an immense $1.64 quadrillion in economic assets still awaiting tokenization. 
He suggested that if these untapped assets, valued at $1.64 quadrillion, were tokenized on the XRP Ledger, XRP holders could own a slice of the global money supply. 
<h2 id="b-tokenization-of-u-s-treasury-bills-on-xrpl-b">Tokenization of U.S. Treasury Bills on XRPL</h2> 
Aljarrah’s statement comes shortly after the tokenization platform OpenEden made waves by launching tokenized U.S. Treasury Bills (T-Bills) on the XRPL. 
Previous updates highlighted that these tokenized T-Bills are underpinned by the U.S. Treasury’s reverse repurchase agreements and short-term government debt obligations. 
Notably, Ripple, a significant player in the blockchain space, demonstrated its<a href="https://x.com/RippleXDev/status/1818831692829757710" rel="nofollow"> commitment</a> to this initiative by investing $10 million in OpenEden’s TBILL tokens. This investment is part of Ripple’s broader strategy to promote the tokenization of more real-world assets (RWA) on the XRPL. 
<h2 id="b-xrp-ledger-the-preferred-platform-for-rwa-tokenization-b">XRP Ledger: The Preferred Platform for RWA Tokenization</h2> 
The trend of tokenizing real-world assets is gaining significant traction. This practice facilitates the issuance and management of traditional assets on the blockchain, bridging the gap between the conventional financial system and digital assets. 
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Tokenization is often viewed as a more efficient method compared to traditional practices. As the momentum behind this trend builds, Ripple is making strategic moves to position the XRPL as the preferred blockchain platform for RWA tokenization. 
Ripple’s Chief Technology Officer, David Schwartz,<a href="https://youtu.be/esRMojalcpA?si=OyWZy0UooAxIaJ82" rel="nofollow"> articulated</a> this vision in October 2023, forecasting that the XRPL would become the leading blockchain platform for tokenization RWAs within 18 months. He cited low transaction fees as one of the key features making XRPL an ideal infrastructure for this purpose. 
In line with this vision, Ripple has been expanding its partnerships to bolster the XRPL’s role in the tokenization space. Two months ago, the company<a href="https://x.com/Ripple/status/1801167401397993668" rel="nofollow"> announced</a> its collaboration with the UK-based exchange Archax to facilitate the tokenization of RWAs worth millions of dollars on the XRPL. 
Additionally, the platform welcomed tokenized U.S. Treasury Bills, further solidifying its position in the burgeoning RWA tokenization market. 
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. 
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The post <a href="https://timestabloid.com/financial-expert-xrp-can-capture-a-piece-of-global-money-supply/">Financial Expert: XRP Can Capture A Piece of Global Money Supply</a> appeared first on <a href="https://timestabloid.com">Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News</a>.

Financial Expert: XRP Can Capture A Piece of Global Money Supply

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