The CEO of OmniNetwork, Austin King, analyzes Ripple's move into tokenization and how it will reshape the on-chain economy. He highlights that BlackRock, the world's largest asset manager, is focusing on tokenization, which presents an opportunity for Ripple to lead in this area. King notes that traditional financial systems lack quality assets, and Ripple and Omni aim to introduce high-quality tokenized assets into the global financial system. He also mentions that while Ripple's XRP Ledger is optimized for payments and tokenization, it lacks cross-chain interoperability, which is where Omni comes in with its ability to connect different blockchains. The goal is to tokenize the securities market and create a new digital financial system.
Content Editor ( coinpedia.org )
- 2025-01-18
Can Ripple’s XRPL Take On The World’s Largest Asset Manager?
