As Nasdaq submits a proposal to the SEC for listing tokenized stocks, blockchain technology is increasingly integrating into traditional finance. Market experts predict that XRP could significantly benefit from this major shift.
Key Points
- Nasdaq has filed to allow investors to trade tokenized stocks on its platform.
- Investors can choose to trade stocks in either their traditional or tokenized forms.
- Tokenized and traditional stocks will share the same order book and execution priority.
- XRP Ledger (XRPL) may become the bridge for all tokenized assets.
- Ripple predicts that 10% of global assets will be tokenized by 2030.
In-Depth Analysis
This proposal from Nasdaq marks a significant step toward the fusion of traditional finance and blockchain technology, allowing investors to trade stocks in different forms on the same platform. This suggests that the liquidity of tokenized assets will increase, creating new opportunities for blockchain networks. Market analysts believe XRP could play a crucial role as a bridge currency in this process.In this context, blockchain networks like Ethereum, Solana, and XRPL are poised for broader adoption. Ethereum is considered the go-to platform for tokenized stocks, while Solana and XRPL stand out due to their high transaction speed and low costs. Notably, Galaxy Digital has become the first Nasdaq-listed company to tokenize its common stock on Solana, setting a precedent for others.