The market for tokenizing real-world assets (RWA) is expected to see significant growth, with Ripple, Chainlink, and IOTA leading the way. Ripple has gained an advantage by partnering with a Canadian startup to tokenize RWAs on the XRP Ledger. Ripple is positioning itself as the top platform for the trillion-dollar RWA tokenization market and has integrated with Axelar, a programmable Web3 interoperability platform, to challenge Chainlink and IOTA in this space. Industry experts predict that the trade volume of tokenized digital-securities could reach up to $5 trillion by 2030, and blockchain technology offers benefits such as decentralization, transparency, and low costs that make this new asset class attractive for investors. In an effort to capture this market, Chainlink, IOTA, and Ripple are leading the way. The XRPL network will be integrated into a secure cross-chain infrastructure through a multi-signature contract with 32 Axelar validators, enabling seamless tokenization. Chainlink, on the other hand, has partnered with major global players like Citibank, HSBC, and Goldman Sachs to drive the tokenization movement, which some reports suggest could reach $10 trillion by 2030. IOTA is also making strides with the launch of IOTA 2.0, which will introduce technological advancements to support RWA tokenization. David Schwartz, the CTO of Ripple, believes that real estate and commodities will lead the way in tokenization, with XRPL offering enhanced collateralized loans and more opportunities. Ripple’s XRPL was the first platform to welcome a stablecoin backed by mortgages, developed by the RWA protocol, which revolutionizes the mortgage industry. With the potential for trillions in the market, there is room for all three cryptocurrencies to thrive. Chainlink, IOTA, and Ripple have seen positive growth in the past week, with Chainlink (LINK) increasing by nearly 20%, IOTA by 16%, and Ripple (XRP) by about 15%.
