Ripple's Senior Executive Officer, Reece Merrick, emphasized the XRP Ledger's (XRPL) capabilities for institutional tokenized finance on December 5. Merrick highlighted XRPL's design for high-volume, real-world utility settlement and its support for tokenized assets. He noted the growing adoption of XRPL in tokenizing real-world assets, such as U.S. Treasuries, and its expanding use in decentralized finance (DeFi) and Web3 applications.