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Surprising Tone Shift: Biden Administration Officials To Attend Key Bitcoin Roundtable In DC
https://zycrypto.com/surprising-tone-shift-biden-administration-officials-to-attend-key-bitcoin-roundtable-in-dc/
SEC crypto chief quits
David Hirsch worked at the Securities and Exchange Commission for nine years, and ran its crypto asset and cyber unit for two.
https://www.bankingdive.com/news/sec-crypto-cyber-chief-quits-David-Hirsch/719134/
SEC's Crypto Chief David Hirsch Resigns After Nine Years
https://www.financemagnates.com/executives/secs-crypto-chief-david-hirsch-resigns-after-nine-years/
Sounds good but thoughts are NOT MONTHS but years.
1 day, Won't justify after not months but years of doing so. / GL
XRP Officially Decouples From Bitcoin
https://u.today/xrp-officially-decouples-from-bitcoin
"...XRP outperforming every single cryptocurrency in top 100..."
"...Ripple-affiliated XRP cryptocurrency has managed to decouple from Bitcoin, the largest digital asset by market cap, after months of underperformance. The XRP/BTC pair is up as much as 7% on the Binance exchange over the last 24 hours. It is now on track to record the biggest spike against Bitcoin since March 11. Back then, it soared by a whopping 13% against the leading cryptocurrency within a single day. .."
Deposit Tokens Gain Favor in Commercial Banking
https://www.pymnts.com/blockchain/2024/why-deposit-tokens-rule-tokenization-landscape/
NOTE: tokenization of real-world asset use cases growing...new market opportunities emerging...very interesting...
(excerpt form article) "...While there exists a variety of “tokens” within the 21st-century payments and financial services landscape, with innovations ranging from cryptocurrency tokens to tokenized payments, it is a third token, tokenized commercial bank assets — or deposit tokens — that are increasingly being embraced as liquid means of payment and stores of value in blockchain-native environments.
Ripple and Archax announced Thursday (June 13) that they extended their existing partnership, aiming to bring hundreds of millions of dollars of tokenized real-world assets onto the XRP Ledger. The move shows that meeting the demand for blockchain-native cash equivalents is top of mind for firms.
As the digital transformation of finance accelerates, the landscape of money is evolving rapidly and tokenized deposits represent an advancement in the way banks and their end-users perceive and use digital currency, bridging the gap between traditional banking and the world of blockchain technology.
Deposit tokens are digital representations of traditional bank deposits, issued by regulated financial institutions and backed 1-to-1 by fiat currency held in reserve. Unlike cryptocurrencies such as bitcoin or ethereum, which are decentralized and often subject to volatility, deposit tokens offer stability and reliability by ensuring each token corresponds to a specific amount of fiat currency. This backing by real-world assets provides a layer of trust and security that is necessary for widespread adoption..."
yep, the numbers are a bit of a mystery...perhaps some political horse-trading going on behind the scenes...curious how this plays out in the courts...
Mark Cuban Says Gary Gensler Could Cost Biden The Presidency Following SEC’s Anti-Crypto Stance
https://zycrypto.com/mark-cuban-says-gary-gensler-could-cost-biden-the-presidency-following-secs-anti-crypto-stance/
XRP Massive $5 Price Breakout Nears As SEC Slashes Ripple’s Proposed Penalty From $2 Billion To $103 Million
https://zycrypto.com/xrp-massive-5-price-breakout-nears-as-sec-slashes-ripples-proposed-penalty-from-2-billion-to-103-million/
Stablecoins would help US keep up with China — Former House speaker
https://cointelegraph.com/news/united-states-dollar-stablecoins-alleviate-us-debt-crisis-former-speaker
Crypto: Ripple's Stablecoin, the secret weapon for a spectacular rise in XRP
https://www.cointribune.com/en/crypto-ripples-stablecoin-the-secret-weapon-for-a-spectacular-rise-in-xrp/
"...According to David Schwartz, Ripple’s CTO, the arrival of the RLUSD, far from threatening XRP’s position, will instead act as a catalyst to unlock its full potential and open new opportunities. He emphasized the close ties that will bind RLUSD to XRP, making their coexistence not only possible but highly synergistic.
Echoing this sentiment, Brad Garlinghouse, Ripple’s CEO, stressed that the RLUSD will be an accelerator for the XRP ecosystem as a whole. Designed and conceived to foster success for all stakeholders, this innovative stablecoin will greatly facilitate access and use of XRP by offering optimized entry and exit gateways. “The arrival of the RLUSD does not compromise our unwavering commitment to XRP. On the contrary, it will strengthen its unique position by allowing it to fully deploy its strengths to serve ever more varied and promising use cases.”..."
Not sure where they're getting 100MM for a possible settlement, Last I saw widely on the net was 20MM was rejected by XRP.
XRP Skyrockets With $1 Million Fund Flows as Ripple v. SEC Ruling Anticipated
https://u.today/xrp-skyrockets-with-1-million-fund-flows-as-ripple-v-sec-ruling-anticipated
"...In the latest weekly report from CoinShares on fund flows into crypto-oriented exchange-traded products, XRP has emerged as a standout despite a tough week for digital assets.
While overall investments in digital asset products saw outflows totaling $600 million, XRP-focused investments bucked the trend with inflows reaching $1.1 million over the past seven days. This marks the second consecutive week of strong investor interest in XRP-related financial instruments, reflecting a steady increase in confidence..."
Analysis at Frankfurt Stock Exchange Projects 20X Rally for XRP to $10
https://thecryptobasic.com/2024/06/15/analysis-at-frankfurt-stock-exchange-projects-20x-rally-for-xrp-to-10/
German Venture Capital Firm CEO Says XRP Can Be World Reserve Currency
https://thecryptobasic.com/2024/02/28/german-venture-capital-firm-ceo-says-xrp-can-be-world-reserve-currency/
interesting...
XRP Army Eyes $1.375 Price Amid Speculation of $100M Ripple Settlement
https://thecryptobasic.com/2024/06/17/xrp-army-eyes-1-375-price-amid-speculation-of-100m-ripple-settlement/
XRP WOW! 🤩 WOOHOOOOOOOOOOOOOO
XRP doing opposite of BTC today. encouraging.
Ripple Cites New Terraform Labs Settlement in a Bid To Convince the Court To Lower the SEC’s Civil Penalty
https://dailyhodl.com/2024/06/15/ripple-cites-new-terraform-labs-settlement-in-a-bid-to-convince-the-court-to-lower-the-secs-civil-penalty/
"...In March, the SEC asked the court to order the firm to pay $876,308,712 in disgorgement, $198,150,940 in prejudgment interest, and a $876,308,712 civil penalty, which totals around $1.95 billion.
Ripple’s lawyers have argued that $10 million would reflect an appropriate percentage of the company’s actual gross revenues from pre-complaint institutional sales..."
SEC Commissioner Mark Uyeda Praises Tokenization
https://beincrypto.com/sec-commissioner-mark-uyeda-praises-tokenization/
"...Uyeda identified tokenization as a key technological advancement with the potential to enhance market efficiency. Tokenization involves converting asset rights into digital tokens on a blockchain. This process promises greater security, transparency, and immutability in transactions. It could also reduce the need for intermediaries, further lowering transaction costs.
However, Uyeda stressed the importance of regulators understanding the costs, benefits, and risks associated with tokenization. He referenced the UK Financial Conduct Authority’s (FCA) ongoing efforts to explore tokenization for FCA-authorized funds. The FCA’s detailed research and interim reports provide a valuable blueprint for other regulators considering similar steps.
The FCA’s approach underlines the necessity for thorough research and cautious implementation to protect investors while fostering innovation. Uyeda emphasized the importance of global regulatory cooperation in navigating the challenges posed by emerging technologies..."
DLA Piper working with Archax as it becomes first FCA regulated digital securities exchange
https://www.dlapiper.com/es-pr/news/2020/08/dla-piper-archax-fca-regulated-digital-securities-exchange
Ripple and Archax Partner on Tokenization of Real-World Assets
https://www.pymnts.com/partnerships/2024/ripple-and-archax-partner-on-tokenization-of-real-world-assets/
Ripple Collaborates with Archax to Bring Hundreds of Millions of Dollars of Tokenized Real-World Assets to the XRP Ledger
https://archax.com/insights/ripple-collaborates-with-archax-to-bring-hundreds-of-millions-of-dollars-of-tokenized-real-world-assets-to-the-xrp-ledger
interesting...
SEC slashes Ripple penalty to $102 million
https://cryptobriefing.com/sec-ripple-settlement-reduced/
"...The US Securities and Exchange Commission (SEC) has reduced its proposed settlement amount for Ripple from $2 billion to $102.6 million, according to a legal document dated June 14, 2024, shared by defense lawyer James Filan..."
TONALD price has done pretty well since inception.
XRP Ledger Ready to Adopt Tokenized Gold, Silver in Q3, 2024
https://u.today/xrp-ledger-ready-to-adopt-tokenized-gold-silver-in-q3-2024
XRP Could See Trillions Inflows with XRPL Grabbing 1% of $1.4 Quadrillion from Tokenization Market
https://timestabloid.com/xrp-could-see-trillions-inflows-with-xrpl-grabbing-1-of-1-4-quadrillion-from-tokenization-market/
Ripple CTO Says XRPL Pivoting to RWA Tokenization Pursued by Firms Like JPMorgan and BoA
https://thecryptobasic.com/2023/11/18/ripple-cto-says-xrpl-pivoting-to-rwa-tokenization-pursued-by-firms-like-jpmorgan-and-boa/
Ripple CTO David Schwartz Shares Timeline for Tokenization on XRPL
https://u.today/ripple-cto-david-schwartz-shares-timeline-for-tokenization-on-xrpl
Ripple CEO Backs XRP Community Amid Major Event: Details
https://u.today/ripple-ceo-backs-xrp-community-amid-major-event-details
"...Takeaways from the summit's sessions are already being shared on social media. "Interoperability. extremely extremely important. If we want to be compelling, we have to be seamless. If we want mass adoption, users need a better experience," the official XRP Ledger Apex X handle highlighted, emphasizing a significant point from Ripple's CTO David Schwartz's presentation at the event.
During one of the key sessions, the Ripple CEO discussed the upcoming stablecoin launch, hinting at the name: "The name of the Ripple stablecoin, the RLUSD, I like to call it Real USD, Ripple USD."
The future of XRP is intertwined with the growth and success of the XRPL. As Ripple pushes forward with new initiatives and partnerships, the community anticipates further innovations and opportunities within the ecosystem..."
Ripple CEO Brad Garlinghouse Says This Is What the Crypto Industry Needs To Focus on To Drive Mass Adoption
https://dailyhodl.com/2024/06/14/ripple-ceo-brad-garlinghouse-says-this-is-what-the-crypto-industry-needs-to-focus-on-to-drive-mass-adoption/
Ripple CTO Predicts 2024 Surge in Real World Asset Tokenization on XRP Ledger
https://www.cryptoglobe.com/latest/2023/12/ripple-cto-predicts-2024-surge-in-real-world-asset-tokenization-on-xrp-ledger/
Ripple Takes the Lead in RWA Integration: XRP Prices Soar, Outpacing Chainlink and IOTA
https://www.crypto-news-flash.com/ripple-takes-the-lead-in-rwa-integration-xrp-prices-soar-outpacing-chainlink-and-iota/
Ripple’s XRPL Bold Leap into Tokenizing Traditional Assets: What You Need to Know
https://coinpedia.org/news/ripple-news-david-schwartz-on-xrpls-bold-leap-into-tokenizing-traditional-assets/
Deutsche Bank joins Singapore's asset tokenization project
"...Deutsche Bank joined Singapore’s tokenization project soon after reiterating skepticism about transparency about the world’s largest stablecoin, Tether..."
https://cointelegraph.com/news/deutsche-bank-singapore-mas-asset-tokenization
When something works you stay with it.
Just not in this country. They have the best Security.
Ripple Sounds Alarm on Quantum Computing’s Threat to Blockchain Security
https://www.cointrust.com/market-news/ripple-sounds-alarm-on-quantum-computings-threat-to-blockchain-security
GG is a Wiesel in doing the 180. Typical angry little man with power. Unless he is loading up.
interesting trunkmonk...
TON...XRP...not in the same league...? please explain...danke...
Why Did Gary Gensler Do a U-Turn on Cryptocurrency?
https://coinmarketcap.com/community/articles/655f2e54aa328b66d2dea35c/
NEW SEC CHAIR'S COMMENTARY ON Ripple XRP being a BRIDGE CURRENCY in 2018 AS AN MIT PROFESSOR
XRP has not free of SEC yet, TON and XRP are really not in the same league IPO
XRP Gets Flipped by TON
https://coinmarketcap.com/community/articles/666c148261f94034af0a55ec/
interesting....
Is TON coin related to Telegram?
"...Telegram Messenger created TON's blockchain in 2018 and raised $1.7 billion by selling the associated cryptocurrency. But the project was hit by charges from the U.S. Securities and Exchange Commission, which said the token sale violated federal securities laws..."
https://www.reuters.com/markets/currencies/cryptoverse-ton-takes-off-telegram-tie-up-2024-04-30/#:~:text=Telegram%20Messenger%20created%20TON%27s%20blockchain,sale%20violated%20federal%20securities%20laws.
Telegram
"...The Open Network ( TON +6.72% ) is a blockchain platform initially developed by the team behind the popular messaging app Telegram, headed by the Durov brothers, and was created with the aim of integrating cryptocurrency and blockchain functionality into the Telegram ecosystem..."
https://www.theblock.co/learn/298587/what-is-the-open-network-a-beginners-guide-to-ton
https://en.wikipedia.org/wiki/Pavel_Durov
https://coinmarketcap.com/currencies/toncoin/
Top Toncoin Ecosystem Tokens by Market Capitalization
https://coinmarketcap.com/view/toncoin-ecosystem/
HashKey Global Lists Toncoin (TON) amid Growing Ecosystem Hype
https://www.coinspeaker.com/hashkey-toncoin-ton-ecosystem-hype/
TON: Hype or the Next Big Thing?
"...What about the third spot in the blockchain rankings? Could TON be the one to watch?..."
https://gametrademarket.medium.com/ton-hype-or-the-next-big-thing-bf192945ef23
"...This week, TON surged ahead of its competitors with a 1500% increase in its locked-in value (TVL) since the start of the year, with funds exceeding $300 million. Despite skepticism, the market seems poised for a breakthrough.
But Is Everything as Promising as It Seems?
The listing of Notcoin overwhelmed the in-app wallet in Telegram, crashing under the load of just a few million users. Moreover, the coin is currently seventh in market capitalization, excluding stablecoins, far behind others like XRP or Solana in terms of trading volume..."
Is Telegram's $TON Worth the Hype? (Pros & Cons)
Hill Delivers Remarks at Hearing on How Tokenization of Real-World Assets Will Facilitate Efficient Markets
https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=409286
Ripple and Archax Partner on Tokenization of Real-World Assets
https://www.pymnts.com/partnerships/2024/ripple-and-archax-partner-on-tokenization-of-real-world-assets/
"...This collaboration brings together Ripple’s enterprise blockchain and crypto solutions and Archax’s capabilities as a U.K. Financial Conduct Authority (FCA)-regulated digital asset exchange, broker and custodian, the companies said in a Wednesday (June 13) press release.
Because Archax works with financial institutions to enable them to tokenize their financial RWAs, this collaboration will allow those institutions to select the XRPL to do so, according to the release.
“We have hit the tipping point for mainstream adoption of digital assets for real-world use cases,” Graham Rodford, CEO at Archax, said in the release. “There is clear real-world utility in use cases like RWA tokenization for the operational efficiency, access to liquid markets and transparency inherent to crypto, and Archax has already tokenized assets such as equities, debt instruments and money market funds.”
The XRPL is an open-source public decentralized Layer 1 blockchain built to power institutional-grade financial use cases, according to the release. Its built-in capabilities include tokenization, a native decentralized exchange and compliance features..."
Ripple Collaborates with Archax to Bring Hundreds of Millions of Dollars of Tokenized Real-World Assets to the XRP Ledger
https://archax.com/insights/ripple-collaborates-with-archax-to-bring-hundreds-of-millions-of-dollars-of-tokenized-real-world-assets-to-the-xrp-ledger
Thanks @bgarlinghouse. Looking forward to working together https://t.co/t0DGFsSLRF
— Graham (@Grodfather) June 13, 2024
XRP Ready For Massive Institutional Adoption Amid Ripple’s Latest Acquisition and Stablecoin Push
https://zycrypto.com/xrp-ready-for-massive-institutional-adoption-amid-ripples-latest-acquisition-and-stablecoin-push/
some good points there
Great, Toncoin flipping XRP is looking very inevitable. Just like the way it was last year with Solana. Wish I had got more when it was below 7 bucks.
Every time I see a positive post about this ecosystem, and the token keeps sliding, I am reminded that holding XRP is not equivalent to holding a share in Ripple. In other words, we didn't need a court case and a judge to tell us what we already knew: XRP is not a security. You want to invest in Ripple, you can use Linqto (mentioned in an earlier post). You'll need to be an accredited investor, or maybe become a Financial Advisor. (I think Crypto Eri had links to a course last year to do that.)
Speaking of YouTube influencers, with the exception of the level-headed Eri, I don't know who is worse: all the crypto channels that either dismiss XRP as a matter of course or decry the tokenomics, or the pumpers who make ridiculous pie-in-the-sky price predictions. I'm sorry, at this point, even $10 sounds like complete nonsense. Such a 20x would put it above ETH's current market cap. And, as I mentioned before, UP the market cap list is not the direction we seem to be going.
I just noticed the price of Warner Bros. Discovery. One TON is now worth more than a share of WBD. And they already have them beat on market cap. Not sure that is any consolation. Just saying... it's a new world (with a lot of the worst vestiges from the old still hanging in there). Speaking of which, I have sometimes thought that holding XRP was a hedge against nefarious types like the IMF and WEF. Now we are adding BRICS to that mix? Not sure how I feel about that.
Ripple and Archax Extend Collaboration to Boost Real-World Asset Tokenization on XRP Ledger
https://news.bitcoin.com/ripple-and-archax-extend-collaboration-to-boost-real-world-asset-tokenization-on-xrp-ledger/
"...Ripple, a leading enterprise in blockchain and crypto solutions, and Archax, the UK’s first regulated digital asset exchange, have announced an extension to their existing collaboration on June 13, 2024. This partnership aims to bring hundreds of millions of dollars of tokenized real-world assets onto the XRP Ledger over the next year, positioning the XRPL as a leading blockchain for such tokenization. The collaboration will enable financial institutions to tokenize their assets, creating numerous downstream use cases. This agreement builds upon the relationship established in 2022 when Archax collaborated with Metaco, later acquired by Ripple, to offer digital asset custody services. Both Ripple and Archax share a compliance-first mindset and work proactively with global regulators and policymakers. The announcement was made at the XRP Ledger APEX 2024 summit in Amsterdam..."
The ‘Only Way To Save The Dollar’—Trump And Biden Warned Of Collapse As Fed Prints ‘$1 Trillion Every 100 Days’
https://www.forbes.com/sites/digital-assets/2024/06/06/the-only-way-to-save-the-dollar-trump-and-biden-warned-of-collapse-as-fed-prints-1-trillion-every-100-days/
‘A Very Big Opportunity’—Crypto Suddenly Braced For A ‘Tremendous’ China Earthquake After Bitcoin, Ethereum And XRP Price Boom
https://www.forbes.com/sites/digital-assets/2024/06/10/a-very-big-opportunity-crypto-suddenly-braced-for-a-tremendous-china-earthquake-after-bitcoin-ethereum-and-xrp-price-boom/
Despite SEC Shadows, XRP On Path To New Lifetime Highs as Ripple Boosts XRPL Innovation In Asia
https://zycrypto.com/despite-sec-shadows-xrp-on-path-to-new-lifetime-highs-as-ripple-boosts-xrpl-innovation-in-asia/
You must be out of your mind Petro
The Petrodollar collapse could accelerate this movement.
Ripple Announces XRPL EVM Sidechain to Enhance Blockchain Interoperability
June 12 2024
https://www.coinspeaker.com/ripple-xrpl-evm-sidechain/
"...Leading blockchain payment company Ripple Labs has announced plans to roll out Ethereum Virtual Machine (EVM) compatibility to the XRP Ledger (XRPL) through a product dubbed XRPL EVM Sidechain.
According to the announcement, Ripple is responding to the request from the developers’ community amid the mainstream adoption of web3 products and digital assets.
Moreover, the XRPL EVM Sidechain will unlock more opportunities, especially in the real-world assets (RWA) tokenization that has attracted significant attention from institutional investors and retail traders.
Notably, the XRPL EVM Sidechain will exclusively launch on the Axelar network, a programmable web3 interoperability protocol that has already connected over 50 blockchains..."
***
"...continued XRPL development by Ripple will significantly improve XRP’s liquidity, thus guaranteeing the ultimate bullish breakout in the coming quarters..."
80% of Japanese Banks Partner with Ripple, Study Reveals
Jun 6 2024
https://www.coinspeaker.com/80-japanese-banks-ripple/
Ripple’s innovative technology has the potential to reshape the banking landscape, offering rapid cross-border transactions and minimal fees.
"...A recent study sheds light on Ripple’s significant impact on Japan’s banking sector. The study, conducted by industry experts Dr. Hossein Hassani, Xu Huang, and Emmanuel Silva, revealed that about 80% of Japanese banks have partnered with Ripple.
This marks a huge milestone in the convergence of blockchain with traditional finance (TradFi). Ripple remains a leading web3 player in reshaping global banking practices..."
Ripple’s Growing Influence in Japan
"...The Japanese banking industry has been known to be cautious about new technologies such as blockchain. The report revealed a surprising turn of events, with many Japanese banks now embracing Ripple’s technology at an unprecedented rate..."
***
"...Beyond TradFi, Ripple’s Chief Technology Officer David Schwartz has hinted at plans to explore institutional decentralized finance (DeFi), aiming to integrate DeFi protocols into TradFi institutions such as banks and asset managers. By merging the advantages of DeFi with regulatory compliance and customer safety measures of TradFi, Ripple aims to spark a huge financial revolution different from anything the industry has witnessed before..."
XRP Remittances Get a Nod from Mastercard: Ripple Integration Ahead?
https://cryptoadventure.com/xrp-remittances-get-a-nod-from-mastercard-ripple-integration-ahead/
"...Mastercard sees a massive opportunity in digital remittances, with the market predicted to reach $550 billion by 2026, growing at 8% annually. Meanwhile, Ripple forecasts a staggering $250 trillion market for cross-border payments by 2027. Collaboration and leveraging XRP could position both companies to capture a significant share of this booming market..."
Scoring A Win: Mastercard Endorses Ripple For Global Remittances – A Boost For XRP?
https://bitcoinist.com/mastercard-endorses-ripple-for-global-remittances/
New Mastercard report reveals key trends and opportunities to digitize remittances in Latin America and the Caribbean
https://www.mastercard.com/news/latin-america/en/newsroom/press-releases/pr-en/2024/march/new-mastercard-report-reveals-key-trends-opportunities-to-digitize-remittances-in-latin-america/
The future of remittances in Latin America: Digitalization, multiple rails, and the strategic role of partnerships By Mastercard and Payments and Commerce Market Intelligence
https://www.mastercard.com/news/media/ltfpfln3/pcmi_mastercard_the_future_of_remittances_en_march2024.pdf
page 14:
5. Blockchain technology fuels new
remittances business cases
Blockchain technology proposes to
eliminate intermediaries, which can
add cost and delay to cross-border
transactions. Blockchain-based
companies—such as Ripple, Stellar,
and Circle—bring speed and visibility to
international money movement in all
verticals, including remittances.
page 15:
7. Central Bank Digital Currencies
(CBDCs) may help move money
Governments all around the world are
designing their own CBDCs. More than
130 initiatives exist today worldwide.
Several of these projects feature crossborder wholesale CBDCs, which have
the potential to transform international
money movement for all industry actors
Ripple is in talks with “over a dozen governments” for CBDC development, many of
them for cross-border payments.
Ripple to launch RLUSD stablecoin on Ethereum and XRPL this year
https://cryptobriefing.com/ripple-rlusd-stablecoin-launch/
Introducing Ripple USD (RLUSD): A 1:1 USD-backed stablecoin, offering transparency and stability on the XRP Ledger and Ethereum. Coming later this year.
— Ripple (@Ripple) June 12, 2024
Sign up to receive the latest stablecoin news, content and availability: https://t.co/ifguG77bO6
1/ The stablecoin market is booming – around $150B today, and projected to soar past $2.8T by 2028. There's a clear demand for trust, stability, and utility.
— Ripple (@Ripple) April 4, 2024
That's why later this year we’re launching a stablecoin pegged 1:1 to the USD on the XRP Ledger and Ethereum.…
Tokenized Real-World Assets: Unlocking New Investment Horizons
16/04/2024
https://propcaptechnologies.com/en/2024/04/16/tokenized-real-world-assets-unlocking-new-investment-horizons/
"...Hong Kong investors, always on the lookout for innovative opportunities to diversify investment portfolios and potentially generate higher returns, are drawn to the concept of Real-World Asset (RWA) Tokenization amid the Web3 blockchain trend. Understanding this concept reveals new investment potential. Several companies have already tokenized various real assets, creating new opportunities in the market..."
Fubon Bank and Ripple’s CBDC Real Estate Tokenization
"...In May 2023, the Hong Kong Monetary Authority (HKMA) announced the launch of the e-HKD pilot program. Sixteen companies from the financial, payment, and technology sectors conducted in-depth research on the potential use cases of e-HKD in six categories, including full-fledged payments, programmable payments, offline payments, tokenised deposits, settlement of Web3 transactions and settlement of tokenised assets.
Hong Kong-based Fubon Bank, in partnership with blockchain firm Ripple, conducted a real estate tokenization pilot test. This initiative leverages Hong Kong’s central bank digital currency (CBDC), the eHKD, to tokenize real estate assets and enable collateralized lending. Not only does this aim to eliminate counterparty risk, but it also provides investors with real-time visibility into the loan-to-value ratios of the tokenized properties – a feature that aligns well with the investors’ focus on data transparency and risk management..."
About PropCap
"...The First Overseas Property Mortgage Match-Lending Platform in Asia..."
https://propcaptechnologies.com/en/about/
BCG says e-HKD CBDC, tokenized deposits could add HK$160bn to GDP in Hong Kong
https://www.ledgerinsights.com/bcg-gdp-e-hkd-cbdc-tokenized-deposits-could-add-hk160bn-hong-kong/
Ripple Collaborates with Hong Kong Regulator in RWA Tokenization
https://medium.com/@coinness.gl/ripple-collaborates-with-hong-kong-regulator-in-rwa-tokenization-73ada92867aa
Ripple to tokenise real estate in HK CBDC pilot
https://www.bitsofblocks.io/post/ripple-to-tokenise-real-estate-in-hk-cbdc-pilot#:~:text=Ripple%27s%20participation%20in%20the%20Hong,%245%20trillion%20in%20value%20by
Ripple Labs Expands into Real Estate Tokenization, Pioneering CBDC Usability
https://cryptorank.io/news/feed/45fd4-ripple-labs-into-real-estate-tokenization
Grayscale going all in on XRP and holding this in their portfolio!
This could be HUGE for XRP!!!
Do you think XRP will partner with banks and we will see an ETF soon?
I personally think XRP has huge potential in the 2024 crypto bull run🚀
Sol and SHIBA INU are also coins I am holding for the bull run📈
Follow to never miss a crypto update or the latest news🙌
Ripple Announces Tokenized Gold Coming to XRP Ledger in 2024
https://watcher.guru/news/ripple-announces-tokenized-gold-coming-to-xrp-ledger-in-2024
Ripple Bets on Tokenization: XRP, Catalyst for a Crypto Revolution!
https://www.cointribune.com/en/ripple-bets-on-tokenization-xrp-catalyst-for-a-crypto-revolution/
The Tokenization Revolution
https://ripple.com/insights/the-tokenization-revolution/
Ripple Leads the Tokenization Revolution with XRP
https://cryptoticker.io/en/ripple-tokenization-xrp-revolution#google_vignette
"...Ripple is leveraging XRP to lead the tokenization revolution, transforming the future of finance with innovative cross-border payment solutions..."
Tokenized asset market could hit $16T on public blockchains — RippleX VP
https://cointelegraph.com/news/tokenized-assets-public-blockchains-ripple
"...Institutional investors, asset managers and banks are racing to bring financial assets on-chain in a market estimated to grow to $16 trillion in value..."
Labour Wants UK to Be a Securities Tokenization Hub and Advance Digital Pound Work
https://www.coindesk.com/policy/2024/01/31/labour-wants-uk-to-be-a-securities-tokenization-hub-and-advance-digital-pound-work/
"..."Tokenization, which U.K. Finance defines as 'the digital representation of financial assets using distributed ledger technology,' presents a significant new opportunity for the U.K.," Labour said in the document, introduced by Rachel Reeves, the shadow chancellor, and Tulip Siddiq, shadow economic secretary to the Treasury. U.K. Finance is a lobby group representing the banking and finance industry.
Investment bank Citi Group estimated that tokenized assets could be worth close to $4 trillion globally by 2030 in research published last year. That means tokenization could increase liquidity and provide access to new asset classes, the report said..."
keep adding when you get dips.
Digital Pound Foundation...Ripple...
https://digitalpoundfoundation.com
"...We are a member-led forum supporting the introduction of a well designed digital Pound in both publicly and privately issued forms, and a diverse, effective and competitive ecosystem for new forms of digital money in the UK and globally..."
NOTE: it will be interesting to see how this plays out...imo...glta
https://x.com/digitalpoundfdn
1/ The payments industry is evolving rapidly due to shifts in consumer preferences, regulatory changes, and technological innovations. Modern #payment solutions, including #blockchain-enabled #payments, are driving faster, more inclusive, and transparent customer experiences. pic.twitter.com/rGxXmud2vR
— Digital Pound Foundation (@digitalpoundfdn) June 9, 2024
Ripple early investment promoter, linqto, going public via SPAC second half of this year. BCSA Churchill Capital Corp VII
https://app.linqto.com/refer-friend?r=l9wdvb4d4s
Crypto industry's lobbying drive will pay off in US elections, Ripple president says
https://www.reuters.com/technology/crypto-industrys-lobbying-drive-will-pay-off-us-elections-ripple-president-says-2024-06-04/
"...Speaking at the Money20/20 fintech conference in Amsterdam on Tuesday, Ripple President Monica Long told Reuters that the PAC is bipartisan and has a single focus: supporting candidates who back the regulations desired by the crypto industry.
"I think as an industry, especially for us companies based in the U.S., we’re frustrated with how far the U.S. is lagging on setting rules," she said. "This whole dynamic of setting rules through enforcement ... is really unproductive and not getting us anywhere."..."
"...Asked if she was optimistic that the U.S. crypto industry's voice will be heard, Long said, "I’m optimistic, yes. I’m hopeful.”
The crypto industry is increasingly trying to influence U.S. lawmakers as it faces heightened scrutiny from regulators and politicians, especially since bankruptcies at major crypto firms in 2022 spooked investors, exposed fraud and misconduct and left millions of crypto investors out of pocket..."
Ripple Stablecoin Set to Disrupt Markets with USD-Backed Launch
https://coinpedia.org/news/ripple-explains-the-significance-of-its-stablecoin-launch/
Story Highlights
-- Ripple is launching a USD-backed stablecoin due to high demand and the potential for growth in the market.
-- Ripple believes its experience and reputation make it a strong candidate to launch a trusted stablecoin.
-- Dubai's progressive regulations make it a good launchpad for Ripple's stablecoin in the Middle East and Africa.
Exactly, and why the corrupt US/SEC doesn't concern me. That 20MM fine suggestion is about to become yet another fraction AGAIN!
Ripple Pours Millions into XRP Ledger Growth in Japan and South Korea
https://coinpedia.org/news/ripple-launches-new-fund-to-boost-xrp-ledger-in-japan-and-south-korea/
Story Highlights
-- Ripple launches new fund to promote XRP Ledger in Japan and South Korea.
-- Ripple sees Japan as a good market for XRP and has considered moving its headquarters there.
-- Ripple's investment strengthens XRP Ledger in East Asia.
Japan: A Favorable Environment for Ripple
"...Ripple CEO Brad Garlinghouse has praised Japan for its supportive environment for XRP and has even considered moving the company’s global headquarters there. In April, Ripple strengthened its presence in Japan by partnering with Tokyo-based HashKey DX..."
They giving weapons to Russia?
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A Digital Asset Built for Global Payments
International payments, especially in emerging markets, require businesses to hold pre-funded accounts in destination currencies. It’s a costly endeavor that ties up resources. RippleNet provides an alternative. While any financial institution on the network enjoys reliable, instant and lower-cost transactions, those who use the digital asset XRP to source liquidity can do so in seconds—freeing up capital and guaranteeing the most competitive rates available today.
How On-Demand Liquidity Works
RippleNet customers can use XRP to bridge two currencies in three seconds, ensuring payments are quickly sent and received in local currency on either side of a transaction.
Faster, less costly and more scalable than any other digital asset, XRP and the XRP Ledger are used to power innovative technology across the payments space. RippleNet customers can use XRP for sourcing liquidity in cross-border transactions, instead of pre-funding—ensuring instant settlement, lower exchange fees and more efficient use of working capital. This same technology is also leveraged in use cases for micropayments, e-commerce, exchanges and peer-to-peer services. XRP and the XRP Ledger are open-source technology that anyone can build on. To get started, learn more at XRPL.org.
GET TECHNICAL WITH XRP
https://xrpl.org/
BENEFITS OF USING XRP...
FAST - Payments moving across the XRP Ledger settle in 4 seconds.
SCALABLE - XRP consistently handles 1,500 transactions per second, 24x7, and can scale to handle the same throughput as Visa.
DISTRIBUTE - Open-source technology, built on the principles of blockchain with a growing set of validators.STABLE - XRP’s seven-year track record of stable technology and governance makes it ready for institutional and enterprise use.3-5 Days
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