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Lawyer John Deaton interprets Ripple's aim at tokenization services, expanding accomplice infrastructure.
According to Mars Finance, Ripple is expanding its custody services through the acquisition of companies such as Metaco and Standard Custody. Crypto lawyer John Deaton stated that Ripple's move aims to become a one-stop blockchain solution provider for financial institutions and promote tokenization-as-a-service. Deaton pointed out that Ripple plans to utilize the XRP Ledger and RLUSD stablecoin to support banks in tokenizing traditional assets such as stocks and real estate, which is expected to enhance the adoption rate and price of XRP.