Ripple President Monica Long predicted that some of the world's largest banks could launch market-ready tokenized asset products in the U.S. this year. Long made the prediction today in response to a recent talk by The Scoop podcast host Frank Chaparro.
The president of Ripple said that the participation of large banks in cryptocurrencies through custody will have a significant impact on the market. She shed light on how large Financial Institutions Groups have shown a strong interest in tokenization. Monica revealed that 15 of the world's 25 largest banks have already practiced running tokenization projects, indicating a strong interest in tokenization. She expects that most of these banks are likely to launch market-ready tokenized asset products in the US this year. However, she stressed that this can only happen if the US government provides clear regulations allowing banks to participate in cryptoassets.
Ripple president: Big banks may launch "market-ready tokenized asset products" in the US this year
2025-01-14 06:32:51
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