XRP Ledger (XRPL) has been recognized by the World Economic Forum for its pivotal role in asset tokenization, particularly in a collaboration with Aurum Equity Partners launching the first combined PE and debt-tokenized fund.
A World Economic Forum report on 'Asset Tokenization in Financial Markets' highlighted XRPL's contribution in enabling enhanced investor access and liquidity through the secondary market, emphasizing the benefits of tokenization in Private Equity (PE) inefficiencies.
XRPL offers speed, enterprise-grade performance, and cost efficiency, with recent developments like the BlocScale Launchpad enabling startups and businesses to tokenize real-world assets on the platform.
Forecasts suggest the size of the global PE market could reach $7 trillion by 2030, with predictions indicating significant growth in real-world asset tokenization, potentially moving from $0.6 trillion to $18.9 trillion by 2033.