Schwab's Clarity Push Lifts XRP, XLM, HBAR Amid Institutional Tokenization Drive
Charles Schwab's reported support for the U.S. Clarity Act has boosted the prospects of XRP, XLM, and HBAR as potential beneficiaries of institutional tokenization.
Levi Rietveld, a prominent crypto commentator, believes that major financial firms like Schwab are pushing for clearer rules before bringing tokenized stocks, funds, commodities, and real-world assets onto regulated trading rails.
Rietveld notes that these firms, including BlackRock, Fidelity, Goldman Sachs, and Bank of America, are seeking regulatory certainty through the Clarity Act.
The commentator points to the Depository Trust & Clearing Corporation (DTCC) as a key part of the argument, citing XLM's connection to a DTCC tokenization service and Ripple's positioning close to traditional financial rails through Ripple Prime and tokenization working groups.