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CoinGape 2025-01-14 09:03:32

Ripple President Expects US Banks to Launch Tokenized Assets In 2025

Ripple President Monica Long recently stated that she expects US banks to launch tokenized asset projects and crypto custody solutions in 2025. Long’s comments came following the news that President Donald is likely to repeal the crypto account policy aka SAB 121, which required banks holding digital assets to count them as liabilities. Ripple President Anticipates Tokenized Asset Growth in 2025 Ripple President Monica Long, in an X post , expressed optimism about the expansion of tokenized assets in the banking sector during 2025, subject to regulatory clarity in the United States. In a recent statement on social media, Long highlighted that 15 of the world’s 25 largest banks have already piloted tokenized asset initiatives. She noted: “I expect several of them to launch market-ready offerings in the US in 2025 IF they have clarity from the US government to engage with crypto.” The Ripple President believes that this should no longer be an issue moving into 2025. Ultimately, such a development would pave the way for broader adoption of tokenized assets within the financial industry. Long’s comments came following the news that President Trump will issue executive orders on first day of his presidency such as repealing the controversial crypto policy of SAB 121 which forces banks to report crypto assets as liabilities. Following Donald Trump’s inauguration next week, the crypto industry is expecting a sea change in crypto regulatory framework from the President-elect. Trump’s Executive Order on Crypto Policy One of the sources familiar with the matter said that “Trump has made it clear that this is a priority”. Speaking on this, financial analyst Frank Chaparro stated that Trump’s decision would play a transformative role, allowing large banks to enter the crypto custody space. Chaparro noted that once major financial institutions begin offering crypto custody services, it could revolutionize the market structure by introducing credit and significantly increasing liquidity. “Credit equals more liquidity,” he stated, emphasizing its potential to act as a “major tailwind” for the cryptocurrency sector. Chaparro further suggested that this development could help temper market volatility, marking a pivotal moment for the broader adoption and stabilization of digital assets. Ripple’s XRP adoption will also get a major boost, which has faced major headwinds due to XRP lawsuit . It will be interesting to see what major changes does the next US Treasury Secretary Scott Bessent has to bring for the crypto industry. In a detailed 31-page letter to Bessent, anti-crypto Senator Elizabeth Warren has raised pointed questions over the changes in crypto policy. The post Ripple President Expects US Banks to Launch Tokenized Assets In 2025 appeared first on CoinGape .

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