In tokenized stock market settlement, the distinction between tokenization and settlement is crucial: tokenization platforms like Canton, Ando, and Securitize enable the creation of digital tokens representing assets and facilitate network governance and fee payments, but they do not actually handle the back-end settlement between clearing houses and brokers, which is a separate and distinct process.
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Why Would They Choose XRP Over Other Tokens? π€π₯Added:
is her. I know you said XRP needs price appreciation where the stock market can be tokenized and settled. Why wouldn't they choose a different token? I read there are others that can. Thank you.
God bless you. Welcome home. Thank you.
Fair question.
So, probably talking about Canton or Ando or Securitize or you have a couple different blockchains or companies that have been tapped by these exchanges to tokenize the stocks.
Yes.
However, those tokens don't facilitate back-end settlement.
They are for the governance of those networks and they fees to in order for you to be able to leverage the network, but they don't actually settle between the clearing houses and the brokers. So, settlement is different than the tokenization of these assets themselves.
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