Foreign media commented that discussions surrounding XRP and Ripple have been polarized for a long time, but institutions do not necessarily need to reach a consensus in the market when adopting them. A former managing director of BlackRock stated that as long as large financial institutions continue to promote related applications, there is still room for expansion in the cross-border payment business of Ripple.

Viewpoint from a 21Shares executive

This executive currently serves as the head of 21Shares' UK business and previously held the position of Managing Director at BlackRock. In a British crypto podcast, he mentioned that market views on XRP tend to fall into two extremes: one group believes it will dominate institutional payments, while another completely dismisses its prospects, with relatively few people holding a middle stance.

In his view, the key to judging the prospects of Ripple is not whether all institutions accept this approach, but rather whether the large players who are already interested in entering this field will continue to expand its usage. According to him, some major credit card companies and large enterprises have already begun to engage with or adopt Ripple related solutions, which will drive further growth in their businesses.

The focus is on institutions adopting

The article mentions that the core of this judgment is that "the continuous entry of some large institutions" alone is sufficient to create growth, without the need for the entire financial system to shift simultaneously. In other words, the expansion of Ripple relies more on the actual deployment of leading institutions, rather than whether market opinion is unified.

From this perspective, although the discussions surrounding XRP are ongoing and controversial, the actions taken by institutions are still seen as a signal that deserves more attention. The article does not provide a new list of partners or specific data; instead, it emphasizes that the chosen approach is more important than market sentiment.

Tokenization is extending to a wider range.

When discussing broader applications of encryption, this executive also mentioned that early progress in tokenization has been quite evident in the field of money market funds. The reason is that such products can reduce the settlement waiting times commonly seen on traditional exchanges, allowing holders to earn returns more quickly as well.

He expects that this trend will not stop at money market funds. In his judgment, more asset classes in traditional securities may be tokenized and enter circulation on the blockchain in the future.

13F disclosure is regarded as an observation window

He also mentioned that the 13F documents required by the U.S. Securities and Exchange Commission (SEC) for institutions to disclose have become a public window for observing the progress of institutional crypto holdings in the United States. These disclosures can reflect changes in the holdings of certain institutions at the securities level and are also used to determine whether institutional demand is expanding.