Ripple’s Monica Long has a message for the financial world: adapt to the new era of tokenized assets or risk being swept aside.
As president of Ripple, she’s urging banks and institutions to embrace the momentum building behind blockchain-based asset digitization.
Long described the global financial system as standing at a crossroads. Backed by insights from a joint study between Ripple and Boston Consulting Group, she emphasized that tokenizing physical and financial assets—turning them into digital representations on blockchain—could transform how value moves across markets. The study estimates this sector could balloon to $18.9 trillion by 2033.
The core argument? Tokenization isn’t just a buzzword—it’s a revenue and efficiency opportunity for institutions that act early. From lowering operational costs to expanding into new digital markets, Long believes tokenized platforms could provide traditional banks with the competitive edge they need to stay relevant.
Ripple, of course, isn’t just observing this shift—it’s building for it. The XRP Ledger, known for its rapid and cost-effective transaction processing, has already been positioned as a foundation for tokenized asset flows. At the same time, Ripple’s RLUSD stablecoin, which operates on both the XRP Ledger and Ethereum networks, gives users a dollar-pegged asset that can be transferred globally without a bank account.
Brad Garlinghouse, Ripple’s CEO, also echoed the importance of tokenization, calling it a major unlock for modern finance. In his view, digitized versions of real-world assets can make wealth more accessible, more liquid, and easier to manage.
The report Ripple co-authored with BCG predicts trillions in tokenizable assets, from real estate to global trade finance. To further this vision, Ripple has integrated its RLUSD stablecoin into its payment infrastructure, aiming to make the transition from traditional to digital smoother for institutions and individuals alike.
With tokenized finance moving from concept to implementation, Ripple is positioning itself at the heart of this transformation—and it’s urging the financial establishment to keep up.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/ripple-pushes-financial-institutions-toward-a-tokenized-future/