Tom Zschach, Chief Innovation Officer at Swift, has criticized XRP, likening the use of private tokens as 'bridge currencies' to outdated technology like fax machines. Zschach expressed skepticism about Ripple's potential to disrupt the financial system, suggesting that banks are unlikely to adopt XRP tokens. He further argued on Twitter that 'tokenization is not a feature upgrade,' emphasizing the need for finance to move towards synchronizing truth rather than creating confusion. Despite Zschach's criticisms, Ripple continues to advance its tokenization efforts. The XRP Ledger (XRPL) is gaining traction as a leading platform for real-world assets. In a recent development, Ripple partnered with Securitize to launch a smart contract enabling the exchange of shares for the Ripple USD (RLUSD) stablecoin, highlighting its ongoing expansion in the tokenization space.