Ripple CTO schools community on tokenization
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“If someone can’t explain something in 60 seconds, they probably don’t understand it.” — Albert Einstein or Ripple CTO David Schwartz, the person’s collateral can be registered on-chain and the lender can easily verify the ownership of the collateral. Depending on the key designs of the tokenization features, the lender may also gain insight that will show whether or not the person is borrowing from a number of lenders at the same time.
Many financial giants are already trialing tokenization features, with BlackRock also joining the trend. Protocols like Chainlink are specifically helping to fuel this tokenization agenda with its CCIP solution among others.While Ripple Labs has not categorically stated the road map in its own tokenization agenda, the firm has immediate plans to later this summer. In its latest push, Ripple Labs has filed a trademark for its stablecoin, showing it hopes to use the ticker symbol"RLUSD.
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