VeChain, Ripple, and IOTA are competing to lead the market in Real World Asset tokenization. Ripple has partnered with Axelar, while VeChain has joined forces with Oobit to make VET a medium of exchange. VeChain has made significant strides in the Real-World Assets industry with its supply chain solution, and it is expected to dominate the market by 2030. Ripple aims to lead the industry with its integration with Axelar, which will accelerate RWA tokenization adoption on the XRPL. VeChain is also accelerating its growth through collaborations, such as its partnership with Oobit. These partnerships are part of VeChain’s commitment to ESG initiatives and making a positive societal impact. VeChain has also been recognized as a high-profile organization in the AI & Blockchain Convergences Task Force, which aims to optimize understanding and improve ethical standards for the use of AI and blockchain technologies.
