Ripple and Forward Industries collaborate to promote the tokenization of traditional assets

In a significant move, Ripple has partnered with Securitize to use Ripple USD (RLUSD) stablecoin as a currency exchange channel for the digital investment funds of BlackRock and VanEck. The new smart contract allows investors to convert their fund ownership to #RLUSD at any time, facilitating faster capital withdrawal and direct transactions on the blockchain.

Forward Industries tokenizes stocks

At the same time, Forward Industries (FORD) is also pioneering the tokenization of traditional assets. The company is collaborating with Superstate to issue shares #FORD in token form on the Opening Bell platform, bringing its stock onto the Solana blockchain.

If successfully implemented, the tokenization of FORD shares will provide significant benefits. Investors can convert shares between traditional brokerage accounts and Solana, trade 24/7 at nearly instant speed, and even use these tokenized shares as collateral on decentralized lending (DeFi) platforms like $SOL , Drift, Kamino, and Jupiter Lend.

These moves indicate a strong ongoing trend of integrating traditional assets (TradFi) into the blockchain. The collaboration between giants like $XRP , BlackRock, VanEck, and Forward Industries' tokenization of stocks not only reinforces the legitimacy of crypto but also opens a new era for decentralized finance, where traditional assets can be traded more efficiently and flexibly. #anh_ba_cong