Blockchain technology is receiving a boost with the XRP Ledger, based on recent findings from industry observers. The system has handled over 2.8 billion transactions without any security failure, which has caught the eye of financial institutions globally. Related Reading: XRP Breakout On Hold? Financial Expert Reveals What’s Missing Institutions Are Taking Notice According to Jasmine Cooper, RippleX Head of Product, the effectiveness of XRPL is one of the major reasons institutional investors are drawn to it. Institutional asset issuers and investors are using XRPL more because of its speed and reliability. For example, OpenEden has recently hit milestones in tokenizing US Treasury bills on the platform. Institutional investors are purchasing these tokenized assets that desire access to on-chain financial instruments. BlackRock, the global asset management titan, is also making a push into asset tokenization, lining up with XRPL’s platform. Regulated exchanges like Archax are even listing tokenized assets created on the ledger, and it’s becoming more acceptable to mainstream financial institutions. XRP Ledger Adoption is Surging! Institutions, DeFi, Stablecoins, Tokenization Jasmine Cooper, Head o ..
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