Discussions around the XRP Ledger (XRPL) taking a slice of the tokenization market have resurfaced following recent comments from BlackRock CEO Larry Fink.
Notably, at the Future Investment Initiative in Riyadh, Fink explained that central banks across the globe are now asking how quickly they could digitize their currencies and what this change means for the role of the U.S. dollar and for payment companies like Mastercard and Visa.
Larry Fink Bullish on the Future of Tokenization
The business executive stressed that while most people focus on artificial intelligence, they overlook how fast tokenization is growing.
Fink described this trend as a potential improvement in the financial system’s “plumbing,” suggesting that technology is changing how money and assets move across the world. He added that many countries still underestimate how disruptive this change will be.
Reacting to Fink’s comments, Versan Aljarrah, founder of Black Swan Capitalist and a well-known member of the XRP community, said Fink’s message supports what the XRP community has believed for years.
Aljarrah suggested that every central bank currency and ETF will eventually be digitized, and this change will require a single settlement layer to connect global markets. He claimed XRP would become the foundation of this new financial system.
Interestingly, the XRPL has recently taken center stage in the tokenization discussion. For instance, Ripple’s Chief Technology Officer, David Schwartz, confirmed in 2023 that the XRPL would pivot to tokenization. Also, earlier this year, Bitwise suggested that investors who want exposure to the future of tokenization should consider XRP.
XRP Price if XRPL Takes a Slice of the Tokenization Market
These comments indicate that XRP could have a major role in the financial future where tokenization dominates the market. Notably, to evaluate what this could mean for the XRP price, we asked Google’s Gemini AI to present a hypothetical assessment.
The chatbot described the scenario as highly optimistic but largely possible if Larry Fink’s outlook plays out and the XRPL becomes a major hub for tokenized currencies and assets. Gemini explained that if XRPL takes on that role, the demand for XRP could grow significantly.
The chatbot then referenced market forecasts that expect the asset tokenization industry to reach between $10 trillion and $26 trillion by 2030.
Using a midrange estimate of $15 trillion, it calculated that if XRPL captured even 1-5% of that market, XRP’s market cap could range from $6 trillion to $30 trillion. With 60 billion tokens in circulation, this would put XRP’s potential price between $100 and $500, a highly bullish estimate.
Gemini added that for such growth to happen, global institutions would need to adopt XRP for settlement, governments would need to approve clear digital finance rules, and the XRPL would need to stay ahead of rivals like Ethereum and Solana. The chatbot also mentioned that XRP’s built-in token burn mechanism could gradually reduce its supply and create upward pressure on its value.
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