Ethereum

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 <p>A Bloomberg crypto market analyst says Ethereum (ETH) and one XRP rival are dominating institutional interest in real-world assets issued on public blockchains.</p>
 <p>Jamie Coutts says on the social media platform X that traditional finance is driving real-world asset (RWA) tokenization, and he predicts that more firms will enter the space soon.</p>
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 <p><em>“Growth is off a low base, but it is rising steadily. Demand is also emanating from emerging markets, which is not surprising given stablecoin adoption.”</em></p>
 <p>Coutts notes that the tokenization of US money market funds is now nearing $700 million in total value, up from $100 million at the start of the year.</p>
 <p>A money market fund is a type of mutual fund that seeks yield by investing in highly liquid short-term debt instruments like US treasuries, cash and cash-equivalent securities.</p>
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   Source: Jamie Coutts/X
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 <p>Ethereum is the first choice of network for tokenized money market instruments in the US, clocking $345 million in value, though Stellar (XLM) is close behind with $321.2 million, according to Coutts.&nbsp;Blockchain scaling solution Polygon (MATIC) ranks third, with $23.7 million.</p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F8i0xDMb0AAAc6j?format=png&amp;name=900x900" alt="Image" width="745" height="485">
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   Source: Jamie Coutts/X
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 <p>According to the Bloomberg analyst, RWA tokenization could be one of the biggest drivers for blockchain adoption.</p>
 <p><em>“Thoughts: while stablecoins are likely the most significant driver for blockchain adoption, NFTs (non-fungible tokens), GameFi and now tokenization of real-world assets (RWA), while nascent present immense potential.”&nbsp;</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ethereum-and-one-xrp-rival-dominating-institutional-interest-for-real-world-asset-tokenization-bloomberg-analyst-tbt66659.html">https://thebittimes.com/ethereum-and-one-xrp-rival-dominating-institutional-interest-for-real-world-asset-tokenization-bloomberg-analyst-tbt66659.html</a></p>

Ethereum and One XRP Rival Dominating Institutional Interest for Real-World Asset Tokenization: Bloomberg Analyst

TheBitTimes

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