The RWA tokenization market is expected to see significant growth, with Ripple, Chainlink, and IOTA leading the way. Ripple has gained an advantage by partnering with a Canadian startup to tokenize real-world assets on the XRP Ledger. Ripple is positioning itself as the go-to platform for the trillion-dollar RWA tokenization market and has integrated with Axelar, a programmable Web3 interoperability platform. This move puts Ripple in direct competition with Chainlink and IOTA, who have also focused on tokenization to attract trillions of dollars in assets and capital through their respective platforms.
Industry experts predict that the tokenized digital-securities trade volume could reach up to $5 trillion by 2030. Blockchain technology offers benefits such as decentralization, transparency, and low costs, making it an attractive investment option. Recognizing this opportunity, Chainlink, IOTA, and Ripple are leading the charge in this trillion-dollar industry.
Ripple’s XRPL network will be integrated into a secure cross-chain infrastructure through a multi-signature contract with 32 Axelar validators. This integration will enable seamless tokenization and the deployment of cross-chain decentralized applications on the XRPL network. Similarly, Chainlink has partnered with global giants like Citibank, HSBC, and Goldman Sachs to drive the tokenization movement, which is expected to reach $10 trillion by 2030. Chainlink believes that asset tokenization will be the key driver behind blockchain adoption, with major companies moving beyond testing to full-scale implementation.
IOTA is also making strides in the tokenization of real-world assets with the launch of IOTA 2.0. The development team is actively working on solutions and infrastructure to meet the increasing demand for RWA tokenization.
David Schwartz, Ripple’s CTO, predicts that real estate and commodities will lead the way in tokenization. He believes that XRPL offers enhanced collateralized loans and other benefits that will drive the tokenization of these assets.
Ripple’s XRPL was the first platform to welcome an innovative stablecoin backed by mortgages, developed by the RWA protocol. This groundbreaking innovation has revolutionized the mortgage industry by unlocking new products for homeowners and other market participants.
With the market projected to reach trillions, there is ample opportunity for Chainlink, IOTA, and Ripple to capitalize on this growth. All three cryptocurrencies have seen positive performance in the past week, with Chainlink (LINK) gaining nearly 20%, IOTA adding 16%, and Ripple (XRP) increasing by about 15%.
