Tokenized Stocks Could Be Coming To NASDAQ, Will XRP Benefit From This?

The Nasdaq has filed a proposed rule change with the SEC to list tokenized stocks, marking a significant integration of blockchain technology into traditional finance (TradFi). Market experts have predicted that XRP is one of the crypto assets that stand to benefit massively from this ￰0￱ Files To List Tokenized Stocks Nasdaq has filed with the SEC to allow investors to trade tokenized stocks on its ￰1￱ exchange has proposed that these securities could be traded in either their traditional form, without using blockchain technology, or in their tokenized form, utilizing blockchain technology. Furthermore, the platform proposes that shares of these tokenized securities should be traded in the same order book as the traditional ones and with the same execution ￰2￱ Reading: Analyst Predicts The XRP Price If 10% Of Global Assets Are Tokenized Meanwhile, Nasdaq proposes that the market participants who wish to clear and settle their trades will note their preference by selecting a flag that the exchange will designate for this ￰3￱ the market participant selects the tokenized flag, Nasdaq will then communicate this to The Depository Trust Company, which is in charge of clearing ￰4￱ move means that blockchain networks, such as Ethereum, Solana, and the XRP Ledger (XRPL), could experience increased adoption as companies transition to tokenizing their stocks.

Notably, Galaxy Digital, last week, became the first Nasdaq-listed company to tokenize its common stock on ￰5￱ such as Tom Lee have made a case for why Ethereum will be the go-to platform for companies to tokenize their stocks on. Meanwhile, Solana and the XRP Ledger (XRPL) also stand out due to their speed and ￰6￱ recently passed the Alpenglow upgrade proposal, which will reduce transaction finality. Meanwhile, the XRPL has introduced new compliance amendments, which will incentivize institutions to adopt the ￰7￱ Tokenized Assets Will “Route Through XRP” In an X post, Versan Aljarrah, the founder of Black Swan Capitalist, commented on Nasdaq’s filing to list tokenized stocks and declared that all tokenized assets will eventually route and settle through XRP as the bridge ￰8￱ added that this means trillions in value will move on-chain, possibly through the XRP ￰9￱ Reading: Pundit Warns XRP Investors Not To Sell Their Tokens In The Next 3 Months Aljarrah reiterated that all value flows through XRP.

Notably, crypto analyst Costa recently predicted that the XRP price could reach $473,214 if 10% of global assets get tokenized on the ￰10￱ came as Ripple predicted that 10% of global assets will be tokenized by ￰11￱ has so far made great strides in its tokenization push, although no notable stock has been tokenized on the XRPL as of yet. However, it is worth noting that Ondo Finance’s tokenized ￰12￱ fund is integrated on the ￰13￱ the time of writing, the XRP price is trading at around $2.95, down in the last 24 hours, according to data from ￰14￱ image from Adobe Stock, chart from ￰15￱