Monica Long, the President of Ripple Labs Inc., has urged banks and financial institutions to take action as tokenization gains ground around the world. According to a recent joint report with Boston Consulting Group, Ripple shared data showing how tokenizing real-world assets could become a game changer by 2033. Long centered her advocacy for institutions on this premise.<\/span><\/p>\n In her <\/span>X post<\/span><\/a>, Monica Long asserted that the global financial sector is at a turning point. She expressed that RWA <\/span>tokenization<\/span><\/a>, converting physical assets like property or bonds into digital tokens on the blockchain, could become an $18.9 trillion market in less than a decade.<\/span><\/p>\n She warned that conventional financial institutions must move quickly or risk being left behind. According to the Ripple Labs President, by moving to token-based systems, banks can open new income channels, reach wider markets, and cut down on operating costs.\u00a0<\/span><\/p>\n Monica Long also pointed out that if banks used tokenized systems to access a small share of these markets, they could increase profits and efficiency.\u00a0<\/span><\/p>\n It is worth mentioning that Ripple Labs, the firm behind this push, remains a frontline solutions provider in the blockchain industry.\u00a0<\/span>The firm aims to improve financial systems using fast, safe, and cross-platform technology.\u00a0<\/span><\/p>\n To strengthen this move, Ripple commissioned the study mentioned above on how tokenization can change global finance with BCG.\u00a0<\/span>The firms released a report revealing that assets worth $10 trillion, such as real estate and trade finance, can benefit from being turned into digital tokens.\u00a0<\/span><\/p>\n Since the announcement, investors have speculated on what the future holds, especially with a <\/span>potential partnership with Cardano.\u00a0<\/span><\/a><\/p>\n It is important to add that Ripple\u2019s XRP Ledger is at the forefront of its tokenization efforts. Additionally, the network processes transactions fast and at very low fees, making it well-suited for high-volume global token trades.<\/span><\/p>\n In addition, Ripple CEO Brad Garlinghouse<\/a> recently shared on his X page that real-world asset <\/span>tokenization is changing the financial landscape<\/span> by making traditional assets easier to access and manage more efficiently.<\/span><\/p>\n In addition, Ripple Labs also places a premium on RLUSD, its stablecoin tied to the US dollar. RLUSD operates on the XRP Ledger and Ethereum, allowing users to buy, hold, and transfer tokenized dollars without a bank account.\u00a0\u00a0<\/span><\/p>\n This stablecoin makes it easier for users to engage with real-world assets, offering fast and low-cost access to digital finance.\u00a0\u00a0<\/span><\/p>\n Regarding the above, Ripple Labs recently <\/span>integrated the RLUSD stablecoin with Ripple Payments<\/a><\/span> to drive global utility.<\/span><\/p>\nThe Monica Long Message to Financial Institutions<\/strong><\/h2>\n
Ripple Labs and Its Tokenization Push<\/strong><\/h2>\n
Role of XRP and RLUSD Stablecoin In Tokenization<\/strong><\/h2>\n
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