The XRP Ledger community is actively discussing the potential integration of tokenized gold and silver onto its platform. Phil Kwok, co-founder of EasyA, confirmed that tokenized gold is set to arrive on the XRP Ledger, predicting a significant impact. Vet, an XRPL validator, highlighted the ledger's suitability for tokenized metals, citing benefits like 24/7 access, fast transfers, and DeFi integration.
Despite existing market demand, as evidenced by firms like Paxos and Tether managing billions in tokenized metals, challenges remain. Pano Mekras, CEO of Anodos Finance, emphasized the need for strong economic incentives to attract major players to the XRPL. The successful integration of tokenized gold could enhance the XRPL's role in real-world asset tokenization, expanding its utility beyond payments to include trading and DeFi applications.
XRP Ledger Eyes Tokenized Gold and Silver Integration
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