VanEck Highlights XRP Ledger as Contender in $45B Blockchain Market

Asset manager VanEck has highlighted XRP Ledger (XRPL) in its report 'The Rise of Corporate Blockchains' as a contender in three financial sectors, representing a combined $45 billion in annual revenue opportunities by 2030.

The sectors identified are cross-border payments, settlement, and securitization. VanEck estimates that cross-border payments could generate $20 billion in annual revenue by 2030, while the settlement market is expected to reach $10 billion.

The report also notes that XRPL appears alongside other institutional blockchain networks such as JPMorgan's Kinexys, Fnality, and Tempo in these sectors. VanEck researchers Matthew Sigel and Patrick Bush do not predict that XRP Ledger will capture these revenues itself but rather estimates the size of the markets where it is identified as a contender.