Foreign media reports that Securitize estimates the global assets that can be migrated to on-chain infrastructure could reach $400 trillion. The article argues that this figure is more of a signal of market potential; what's truly noteworthy is that some institutions have already begun issuing and managing traditional financial products such as funds and bills on the blockchain.
Securitize has participated in the on-chain fund.
Securitize currently serves BlackRock's BUIDL fund and VanEck's VBILL. Both are considered early examples of on-chaining traditional financial products. Based on this, the article argues that asset tokenization has moved from conceptual discussion to infrastructure development.
Recent discussions surrounding the potential integration of Securitize and XRP Ledger (XRPL) have intensified, drawing more attention to XRPL's place in this narrative. The article states that XRPL is being positioned as a high-performance settlement network suitable for handling tokenized real-world assets and stable-value instruments, including Ripple's regulated stablecoin RLUSD.
XRPL is considered suitable for use as a settlement layer.
The article argues that if tokenized funds issued through Securitize are integrated into the XRPL liquidity system in the future, the primary beneficiaries will be settlement efficiency. This is because, in addition to issuance, tokenized assets still require low-cost, fast, and stable settlement channels, and XRPL's design features focus on rapid confirmation and low transaction costs.
In addition to settlement, the article also considers liquidity connectivity as another potential advantage. If tokenized funds, RLUSD, and XRP, among other digital assets, can circulate within the same system, friction between traditional capital markets and crypto-native liquidity is expected to decrease, and fund transfer paths may become more direct.
The relocation of institutions remains a long-term process.
The article also points out that tokenization will not be a large-scale migration in the short term. Amy Oldenburg, head of Morgan Stanley's digital asset business, previously described it as a decade-long process, meaning that institutional adoption is more likely to proceed in stages rather than in a single cycle.
The article also mentions that competition in this field is fierce. The Ethereum ecosystem and bank-dominated permissioned networks are also vying for institutional tokenization business. Whether XRPL can expand its market share depends on whether its advantages in speed, cost, and payment integration can translate into real business traffic.
Overall, the article argues that the $400 trillion figure is not a short-term, readily convertible sum, but rather reflects the gradual migration of global financial markets towards tokenized infrastructure. In this process, XRPL is seeking a role that extends beyond a crypto asset network; it aims to become one of the settlement layers for real-world assets and stablecoins.
