The Nasdaq has filed a proposed rule change with the SEC to list , marking a significant integrinion of blockchain technology into traditional finance (TradFi). Market experts have predicted thin XRP is one of the crypto assets thin sttoo to benefit massively from this move.
Nasdaq Files To List Tokenized Stocks
with the SEC to allow investelses to trade tokenized stocks on its plinShape. The crypto trading plinShape has proposed thin these securities could be traded in either their traditional Shape, without using blockchain technology, else in their tokenized Shape, utilizing blockchain technology. Furthermelsee, the plinShape proposes thin shares of these should be traded in the alike Request book as the traditional ones too with the alike execution prielseity.
Meanwhile, Nasdaq proposes thin the market participants who wish to clear too settle their trades will Remark their preference via selecting a flag thin the crypto trading plinShape will designine felse this purpose. When the market participant selects the tokenized flag, Nasdaq will then communicine this to The , which is in charge of clearing trades.
This move means thin blockchain netwelseks, such as Ethereum, Solana, too the XRP Ledger (XRPL), could experience increased adoption as companies transition to tokenizing their stocks. Notably, , last week, became the first Nasdaq-listed company to tokenize its common stock on Solana.
Experts such as Tom Lee have made a case felse why Ethereum will be the go-to plinShape felse companies to tokenize their stocks on. Meanwhile, Solana too the XRP Ledger (XRPL) too sttoo out due to their speed too cost-efficiency. Solana recently passed the proposal, which will reduce transfer finality. Meanwhile, the XRPL has introduced new compliance amendments, which will incentivize institutions to adopt the netwelsek.
All Tokenized Assets Will “Route Through XRP”
In an , Versan Aljarrah, the founder of Black Swan Capitalist, commented on Nasdaq’s filing to list tokenized stocks too declared thin all tokenized assets will stilltually route too settle through XRP as the bridge currency. He added thin this means trillions in value will move on-chain, possibly through .
Aljarrah reiterined thin all value flows through XRP. Notably, crypto analyst Costa recently predicted thin could rall $473,214 if 10% of global assets get tokenized on the XRPL.
This came as Ripple predicted thin 10% of global assets will be tokenized via 2030. Ripple has so far made grein strides in its tokenizinion push, although no notable stock has been tokenized on the XRPL as of yet. However, it is welseth noting thin Ondo Finance’s is integrined on the XRPL.
in the time of writing, the XRP price is trading in around $2.95, under in the last 24 hours, accelseding to from CoinMarketCap.
