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<ul>
 <li>Banks tokenizing assets on Polygon kickstart the global move toward tokenization.</li>
 <li>Thallo, HSBC, DBS, and startups lead in tokenizing carbon credits, securities, and real estate.</li>
 <li>Over 72% of finance leaders plan to explore tokenization, ensuring its lasting impact.</li>
</ul>
<p>In a groundbreaking move at the close of 2022, major banks, including DBS Bank, <a href="https://cryptonewsland.com/jp-morgans-jamie-dimon-misunderstands-bitcoin-fundamentals/" target="_blank" rel="noopener noreferrer nofollow">JP Morgan</a>, and SBI Digital Asset Holdings, completed the first live trades tokenizing deposits on the Polygon network. This marks a significant shift toward the tokenization of real-world assets, from stocks to bonds, fueled by blockchain’s superior capabilities.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr">WOW! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>New <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ripple</a> article about the emerging tokenized economy:<br><br>Real world asset tokenization is the next step in the evolution of blockchain technology – <br><br>Tokenized assets could represent a $16 trillion business opportunity, constituting 10% of global GDP by 2030!… <a href="https://t.co/YTRn8VoQgS" rel="noopener noreferrer nofollow">pic.twitter.com/YTRn8VoQgS</a></p>— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) <a href="https://twitter.com/_Crypto_Barbie/status/1755314472120377790?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 7, 2024</a>
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<p>Enterprises are eager to join the tokenized economy due to benefits such as improved efficiency, data transparency, security encryption, and financial agility. <a href="https://ripple.com/" target="_blank" rel="noopener noreferrer nofollow">Ripple</a> explores a <a href="https://ripple.com/insights/the-emerging-tokenized-economy/?utm_campaign=" target="_blank" rel="noopener noreferrer nofollow">three-part series</a> about the evolution and adoption of tokenization, starting with its impact on global business.</p>
<p>While crypto initially focused on streamlining payments, industries are now exploring blockchain to reduce frictions linked to illiquid assets. The Boston Consulting Group forecasts a $16 trillion opportunity in tokenized assets, constituting 10% of global GDP by 2030. Ripple’s 2023 New Value Report echoes this sentiment, with 50% of finance leaders anticipating significant impacts across asset classes.</p>
<p>Visionary companies are already revolutionizing sectors through tokenization. Thallo, in the carbon credit market, tokenizes credits for increased transparency and efficiency. HSBC collaborates with Metaco for a digital asset custody service, while DBS Bank issues a tokenized bond, democratizing access for a wider investor range. Startups like Propy streamline real estate transactions, making them faster, secure, and transparent.</p>
<p>Over 72% of surveyed finance leaders expect to explore tokenization in the next three years, establishing it as a cornerstone of innovation. Blockchain’s benefits offer businesses flexibility amid <a href="https://cryptonewsland.com/ripple-cto-predicts-major-growth-and-regulatory-milestones-for-crypto-in-2024/" target="_blank" rel="noopener noreferrer nofollow">changing market conditions</a> and access to a diverse set of asset classes. The tokenization revolution is underway, unlocking liquidity, efficiency, and transparency across various industries.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/ripples-tokenization-transformation-navigate-the-new-frontier-of-real-estate/" rel="noopener noreferrer nofollow">Ripple’s Tokenization Transformation: Navigate the New Frontier of Real Estate</a></li>
 <li><a href="https://cryptonewsland.com/jpmorgan-embraces-blockchain-launches-tokenization-platform-in-collaboration-with-blackrock/" rel="noopener noreferrer nofollow">JPMorgan Embraces Blockchain: Launches Tokenization Platform in Collaboration with BlackRock</a></li>
 <li><a href="https://cryptonewsland.com/xrpls-potential-trillion-dollar-leap-in-rwa-tokenization-sparks-enthusiasm/" rel="noopener noreferrer nofollow">XRPL’s Potential Trillion-Dollar Leap in RWA Tokenization Sparks Enthusiasm</a></li>
 <li><a href="https://cryptonewsland.com/ripples-real-estate-tokenization-re-evaluating-xrps-value/" rel="noopener noreferrer nofollow">Ripple’s Real Estate Tokenization: Re-evaluating XRP’s Value</a></li>
 <li><a href="https://cryptonewsland.com/xrp-unleashing-trillions/" rel="noopener noreferrer nofollow">XRP Unleashing Trillions: Tokenizing Value Beyond Limits</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/ripples-tokenization-revolution-unlocking-liquidity-efficiency-and-transparency/" rel="noopener noreferrer nofollow">Ripple’s Tokenization Revolution: Unlocking Liquidity, Efficiency, and Transparency</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Ripple’s Tokenization Revolution: Unlocking Liquidity, Efficiency, and Transparency

Crypto News Land

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