The company reports that the total trade amount recorded exceeds $7 billion. Its blockchain solution has also financed nearly $3 billion of transactions in China.
As Cointelegraph previously explored during Paris Blockchain Week, RippleX senior vice president Markus Infanger believes the future of tokenized markets could exceed $16 trillion in value as traditional finance players begin to actively use blockchain networks.
Infanger said that TradFi players are finally bringing financial assets on-chain as they look to deploy for production and solve pain points in various value chains. This is not only happening on permissioned, centralized networks but also on decentralized protocols like XRPL, Stellar and Ethereum.
Infanger said that advanced conversations with various financial institutions are ongoing, and they are exploring tokenization projects to issue assets on the XRP Ledger. These firms already have distribution lined up and can articulate use cases and how they want to use the underlying blockchain.
Cointelegraph has reached out to Ripple Labs for additional information about the partnership with HashKey DX and SBI Ripple Asia.
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