Arincen - The new trend in the cryptocurrency market is expected to revolutionize the way physical assets are tracked on the blockchain, potentially fueling the unprecedented growth of XRP and Bitcoin. While these currencies were initially used for simple financial purposes, financial institutions are starting to adopt them for more complex purposes, such as converting real-world assets (RWA) into digital assets that can be tracked on the blockchain.
By leveraging non-fungible tokens (NFTs), individuals can now track ownership rights to real estate, stocks, art, bonds, and many other assets on digital networks, making blockchain an ideal platform for converting physical assets into digital ones. For example, an NFT can be used to document ownership of real estate provided the user has the wallet associated with the token.
The blockchain tokenized assets market is forecast to grow significantly, with the total value of assets tracked estimated at $7.6 billion by early 2025. Future forecasts suggest that the market could exceed $30 trillion by 2030.
This shift in how the market deals with physical assets opens up huge opportunities for XRP and Bitcoin to move into a new phase of growth, which could lead to a significant increase in their prices in the near future.