XRPL to Support Tokenized Stocks, Funds and Loans

On June 5, Ripple published an ‘XRP in a Minute’ segment in which David Schwartz, the company’s CTO Emeritus and a co-architect of the XRP Ledger, outlined new asset types the ledger will support. The segment described an expansion of use cases beyond simple payments to include tokenized stocks, funds, repos and loans.

Schwartz described the ledger’s design as supporting both native tokens, such as XRP, and issued assets that can represent stablecoins or tokenized real-world assets. He contrasted that capability with early public blockchains that focused primarily on a single native token.

Companies are already issuing tokenized real-world assets on the ledger. Schwartz said enterprises will move into tokenized securities, money market funds and tokenized stocks in the near term.

He also noted that features for tokenized repos and tokenized loans are planned, which would introduce short-term financing and borrowing tools to the network. Repos are commonly used in traditional markets for short-term funding; tokenized loans would cover borrowing, collateral and repayment activity on chain.

The ledger supports asset issuance, transfer and settlement on a single network, allowing those steps to occur without moving assets across multiple systems. Schwartz framed the change as an extension of the ledger’s existing functions rather than a separate platform.

Anodos Finance’s CEO, Panos Mekras, provided an example of operational use. He reported his company has bought, held and used XRP for payroll and payments since 2023, treating XRP as working liquidity for treasury and operations.

Ripple CEO Brad Garlinghouse has noted XRP’s speed, low transaction costs, scalability and long operating history as characteristics that could support tokenized assets and settlement services.

Schwartz described the development as part of the ledger’s roughly 14-year evolution from a payments-focused network to one that supports a broader set of on-chain financial products. Schwartz added: ‘We’ll see features like tokenized repos and tokenized loans.’