Ripple’s SVP to Speak on Asset Tokenization at Asia’s Largest Crypto Conference

In a move that appears to be advocacy, Markus Infanger, the Senior Vice President (SVP) at RippleX, has announced that he will be attending Asia’s largest crypto conference to promote the benefits of asset tokenization.

The SVP of the Silicon Valley-based blockchain company made the announcement in a tweet earlier today, expressing his excitement about being one of the speakers at the WEBX2024 event, which will take place on August 28th and 29th in Tokyo. Markus mentioned that he will be joining fintech leaders such as Mastercard, the Bank of Japan, and others at the conference. He is set to speak on Real World Asset tokenization, a topic that requires clarification, highlighting the benefits of tokenizing assets and exploring the way forward.

Markus further praised the position of XRPL in Japan, noting that the innovation and energy of the technology are top-notch in the country. “See you soon, Tokyo!” he added.

While asset tokenization seems to offer promising prospects for the future, countries like the UAE, among others, are pushing the boundaries to advance this innovation.

In a recent development, Ripple announced that OpenEden Labs, a company focused on tokenizing real-world assets through DeFi, is set to introduce the tokenization of US Treasury bills (T-bills) onto the XRP Ledger, offering users a redefined approach to accessing T-bills.

Backed by the US Department of the Treasury, T-bills are short-term US government debt instruments. The tokenization of these assets will enhance institutional access to decentralized finance (DeFi).

Previously, OpenEden initiated the tokenization of T-bills, but this marks the first time that the tokenization of government debt will be brought to the XRPL. OpenEden mentioned that it has already tokenized over $75 million in Total Value Locked (TVL) worth of US T-bills.

To support the asset tokenization initiative, Ripple announced that it would allocate USD $10 million into OpenEden’s TBILL tokens. Markus celebrated the move, calling it a practical example of real-world asset tokenization that will “drive utility and create new opportunities.”