Can Ripple’s XRPL Take On The World’s Largest Asset Manager? | Airdrop Alert Pro

In his latest X post, OmniNetwork co-founder and CEO Austin King breaks down Ripple’s latest move into tokenization and how it will reshape the on-chain economy.

He emphasized that the world’s largest asset management company black stone black stone – FinTech SolutionsconsultInvestment platform Ripple is focused on tokenization, and Ripple is poised to lead the charge. He also shared a strategic breakdown of XRP’s next phase.

Notably, crypto giants like Coin library Coin library – (email protected) walletCentralized exchange and Binance Binance – (email protected) Centralized exchange The company is losing ground as $7 billion in transaction volume moved on-chain in the past 24 hours. What are the main challenges? Traditional finance lacks high-quality assets.

This is where Ripple and Omni come into play. Ripple has already made great strides in this regard RLUSDa tokenized U.S. dollar, Omni’s role is to enable the seamless scaling of these tokenized assets across the entire on-chain economy. Omni is designed for connecting chains, something the $XRP Ledger currently lacks.

What are the problems with today’s on-chain economy?

He said the main obstacle is the lack of high-quality assets in the traditional financial system. This is a key opportunity for Ripple to bring high-quality tokenized assets into this open global financial system.

However, he noted that the missing piece in XRP Ledger is the ability to connect with other blockchain networks. While XRP Ledger is optimized for payments and tokenization, it lacks cross-chain interoperability.

On the other hand, he pointed out that OMNI is specifically designed to achieve seamless connections between different blockchains. Combining the advantages of XRP Ledger with OMNI’s cross-chain capabilities can revolutionize the entire on-chain economy, allowing for smoother interactions between different blockchain ecosystems.

He noted that Ripple has already taken the first step by tokenizing the U.S. dollar with RLUSD. Omni’s next step is to enable seamless, permissionless dissemination of RLUSD throughout the on-chain economy. It has been implemented internally and will be available to the public soon.

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End goal?

The goal is to tokenize the trillion-dollar securities market and bring huge value to the digital space. RLUSD is just the first step, as Ripple tokenizes more assets, OmniNetwork will help distribute them throughout the on-chain economy.

The collaboration between Ripple and OmniNetwork will lay the foundation for a new digital financial system. He noted that the billions in on-chain transaction volume we are seeing today are nothing compared to what is to come.