XRP's Tokenization Ranking Misfires on Ripple's True Purpose
Ripple's XRP token has faced criticism for its ranking in public tokenization league tables, but according to Apex Crypto, this criticism misses the point. The argument centers on a distinction between tokenization platforms and settlement instruments.
XRP is not just another blockchain platform trying to host tokenized assets, said Apex Crypto. Instead, it's a transmission layer that enables value to be moved between different tokenized asset types.
This difference in perspective raises an interesting question for anyone evaluating XRP against other blockchains based on tokenized asset volume. According to the discussion, institutional use of XRP for cross-border settlement would require institutions to hold significant XRP reserves for liquidity purposes, pulling supply out of circulation.