Cardano Founder Says XRP Is Built for a $10 Trillion Tokenization Market

XRP attracted new attention as Cardano founder Charles Hoskinson questioned how traditional finance is approaching blockchain tokenization. He said large financial institutions are recreating systems that are already in place in crypto-native networks. His comments came after recent developments associated with the Canton Network and new talk of who dominates the financial infrastructure of the future.

Hoskinson argued that legacy firms are entering tokenized assets. He argued that banks are operating cautiously and on a small scale. By contrast, he said networks like XRP and Cardano-associated projects were created for the explicit reason of decentralized finance. He characterized them as purpose-built systems, rather than adaptations of existing, older systems.

XRP Competes as Infrastructure News Lifts Canton Coin

Scale formed the basis of his criticism. Hoskinson centered on real-world assets as the primary opportunity. He said tokenization is a potential $10 trillion market. According to him, fragmented platforms will not be able to support that size. He emphasized that success comes with end-to-end systems that handle the issuance, settlement, and compliance together.

Hoskinson also mentioned the role of ecosystems. He said that technology is not all there is to achieving success. Strong partnerships, developers, and longstanding communities are important. He reasoned that the stabilizing nature of the XRP community and Cardano supporters. He added that such a level of trust cannot be established quickly.

His comments came amid a positive week for Canton Coin. The token increased by about 27% in the seven days. It competed better than a relatively flat or low market for crypto. The move was based on infrastructure news and not short-term speculation.

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Momentum was added following an announcement on December 17 from the Depository Trust & Clearing Corporation. DTCC said it plans on exploring and tokenizing a portion of U.S. Treasury securities on the Canton Network. The organization handles trillions of dollars of securities transactions every year, so the announcement holds wide significance.

DTCC Tests Tokenization Within Existing Market Systems

DTCC said the initial phase will focus on Treasuries held through its unit, called Depository Trust Company. As a result, officials insisted old systems would stay in place. The intention behind this is to see how tokenization might work in existing market structures. Leadership said the initiative was part of a long-term roadmap.

The market for tokenized real-world assets has grown in the past year. U.S. Treasuries have represented a large portion of the growth. Institutional interest is continuing to rise as firms are looking for efficiency, transparency, and speed of settlement.

A sharp divide is growing throughout the industry. Traditional finance is adopting blockchain for the established model. Crypto-native networks such as XRP are challenging infrastructure built for global-scale tokenization from the start. As the adoption speeds up, control over the underlying systems may influence the future of digital finance.

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