Ripple CTO David Schwartz has addressed concerns regarding the financial benefits of the XRP Ledger (XRPL) for XRP holders. Responding to VanEck’s Matthew Sigel, Schwartz emphasized that the XRPL is intended as a public good, focusing on its utility in payments, asset issuance, and NFTs, rather than generating passive income for token holders. He compared the ledger to Bitcoin, highlighting its additional features like a decentralized exchange and stablecoins. In a related development, Ondo Finance and BlackRock have launched tokenized U.S. Treasuries on the XRP Ledger, underscoring its growing institutional adoption. This move demonstrates the XRPL's expanding role in the financial ecosystem, beyond just serving XRP holders.