According to Ripple's latest report, finance leaders believe that payments are a crucial gateway to crypto adoption and are interested in using tokenization to drive innovation in various industries. The report also highlights the growing interest in decentralized finance (DeFi) among financial institutions, with 76% expressing interest in institutional DeFi for driving innovation in liquidity, risk management, and identity. Ripple's report predicts that the tokenization market could grow to $16 trillion by 2030, and also discusses topics such as central bank digital currencies (CBDCs) and payments. The report surveyed 1,700 leaders from financial institutions and enterprises and emphasizes the top use case for digital assets is for payments.
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Ripple Report: Payments Critical for Crypto Adoption, Tokenization Market Could Reach $16 Trillion by 2030, and Finance Leaders Bullish on DeFi Innovation
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