Austin King, a Ripple insider, reveals the company's ambitious plans to establish a go-to hub for tokenization and interoperability services, particularly for banking institutions. Acquisitions like Metaco and Standard Custody, along with the launch of Ripple USD (RLUSD), point to this focus. King envisions leveraging XRP Ledger for asset tokenization and believes an omni-chain platform will revolutionize digital assets for businesses.
US fintech heavyweight Ripple set to establish go-to tokenization and interoperability hub for banks and businesses, insider Austin King says
It should be noted that a similar scheme was already utilized by Ripple with its B2B-focused"On-Demand Liquidity Solutions." XRP Ledger and its key asset, XRP, was integrated into the cross-border remittances services stack.At the same time, the ambitions of Ripple might go far beyond XRP Ledger since it is able to expand its tokenization offering for banks to more blockchains.
RIPPLE TOKENIZATION INTEROPERABILITY BANKING XRPL
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