Ethereum, Solana, XRP Lead Tokenization

Bitwise states that Ethereum, Solana, XRP, and Chainlink are leading the asset tokenization market. The company believes these blockchains are the most practical options for capitalizing on the growing trend of tokenizing real-world assets. Recently, the total value of tokenized real-world assets has reached $25 billion. Last month, platforms like Robinhood and Kraken launched tokenized stock trading for non-U.S. users. Additionally, Coinbase has applied for regulatory approval to offer similar services in the United States. Financial institutions are increasingly entering the tokenization space. According to Bitwise analysts, tokenizing assets is no longer just a theoretical concept. In Latin America, Mercado Bitcoin plans to tokenize $200 million on XRP Ledger. Galaxy Digital considers this sector a threat to traditional stock markets and Wall Street revenue models. BlackRock's CEO Larry Fink announced in his annual letter that any stock, bond, fund, or asset can be tokenized. The total global market value of stocks and bonds is estimated at $257 trillion, and transferring just 1% of this onto blockchain could unlock trillions of dollars.