Ripple Prime Joins DTCC Tokenization Group With BlackRock and JPMorgan, XRP Role Unclear
- —Working group includes BlackRock, JPMorgan, Goldman Sachs, Circle and Robinhood
- —Production trades in tokenized Treasuries and equities completed on July 15
- —Settlement used Canton Network and Besu, not the XRP Ledger
- —DTCC subsidiary safekeeps more than $114 trillion in securities
Why it matters: Ripple's seat at Wall Street's tokenization table boosts its institutional profile but does not secure an XRP settlement role.
Source: Coinpaper