Ripple on Track Despite Divided Opinions: Former BlackRock MD

A former BlackRock Managing Director is optimistic about Ripple's (XRP) chances of success in institutional adoption, despite divided opinions.

In an interview with the UK Crypto Podcast, he said that big firms and credit card companies are already using Ripple, which will drive growth. He pointed out that institutional adoption doesn't need universal support to succeed, as long as major institutions continue to move in that direction.

The conversation also touched on tokenization, where the former BlackRock MD noted that money market tokens have been a clear success story due to their ability to eliminate settlement delays and offer immediate yield. He expects this momentum to extend beyond money markets and into other traditional securities.

US 13F filings show that institutional demand for Bitcoin (BTC) and Ethereum ETFs has grown, with pension schemes, Middle Eastern sovereign wealth funds, private banks, family offices, and wealth managers all holding these assets.