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Highlights
- John Deaton addresses Ripple CEO's support for RWA tokenization.
- Brad Garlinghouse highlights the significance of tokenizing assets.
- Deaton believes that crypto could help achieve American Dream.
Amid the growing trend of real-world asset (RWA) tokenization, industry heavyweights like Ripple CEO Brad Garlinghouse and XRP lawyer John Deaton weigh in on the matter. While commenting on the potential tokenization of RWAs, the XRP lawyer expressed his thoughts on Bitcoin and crypto.
Let’s unveil experts’ insights on the necessity of tokenizing RWAs and what draws John Deaton to the world of cryptocurrencies.
Ripple CEO To Embrace RWA Tokenization, Says John Deaton
In a recent X post, XRP lawyer John Deaton shared insights on the potential adoption of RWA tokenization, about which key personalities like Ripple CEO Brad Garlinghouse remain optimistic. The XRP lawyer stated, “Brian Armstrong, Brad Garlinghouse, and Larry Fink are just a few of the biggest names in Crypto Finance to talk about how all RWA will eventually be tokenized.”
Coinbase CEO Brian Armstrong, in his recent thread on X, suggested that every asset class is poised to get tokenized, acknowledging the massive growth of onchain lending and borrowing. Corroborating Coinbase CEO Brian Armstrong’s backing for RWA tokenization, the XRP lawyer cited, “There seems to be little doubt this is correct.”
RWA Tokenization Reshape Finance, Says Ripple CEO
Recently, Brad Garlinghouse noted on his Facebook page, “Real-world asset tokenization is reshaping finance—making traditional assets more accessible and efficient.” His critical statement came on the heels of the growing adoption of Ripple’s XRP Ledger (XRPL).
Reinforcing Brad Garlinghouse’s words, Ripple shared an X post, noting,
RWA tokenization is accelerating, and the XRPL is at the center of driving institutional adoption. RWA.xyz now provides real-time insights into XRPL network performance, tokenized treasuries, commodities, and stablecoins like RLUSD.
Mike Novogratz, the CEO of Galaxy Digital also shared his bullish thoughts on the global expansion of the RWA tokenization.
XRP Lawyer Reveals Take on Bitcoin and Tokenization
While praising Brad Garlinghouse and others’ support for RWA tokenization, the XRP lawyer shared his take on the matter. Exploring the concept of tokenized assets, John Deaton suggested that fractional ownership could help bridge the wealth gap. Significantly, this idea aligns with his broader vision for crypto’s role in shaping the future of finance.
Further, Deaton explained the reasons for backing Bitcoin and other cryptocurrencies. According to the XRP lawyer, crypto helps eliminate intermediaries like banks and other financial institutions. In addition, Deaton believes that crypto will help achieve American Dream.
This comes following Deaton’s recent push for Bitcoin adoption highlighting its potential.
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