TechFlow news: Ripple CTO David Schwartz said in a video shared yesterday by the Flip The Chain team that the XRP Ledger could be an excellent platform for launching tokenization protocols due to its low transaction fees and seamless integration with on-chain transaction mechanisms.
Schwartz emphasized that when interacting with real-world assets (RWA), users particularly want the ability to buy, sell, store, and transfer assets without relying on fiat currencies such as the U.S. dollar. Therefore, the XRPL DEX will provide all market participants with a platform that meets their needs.
As a result, the first viable RWA protocol on the XRP Ledger could launch in 2024 or early 2025.
Members of the crypto community believe gold and real estate could be the first assets to have digital representations running on the XRP Ledger.
