Prominent expert Armando Pantoja has raised questions about how real estate tokenization might impact the growth of XRP amid the active implementation of blockchain technology in the global real estate market.
Tokenization Moves From Theory to Practice
Pantoja pointed out that real estate tokenization is already starting to be realized practically. As noted in one of the speeches, New Jersey is digitizing 370,000 property records on blockchain, showcasing active steps being taken by government entities. An example was also given of how a house valued at $235,000 was sold to 38 people in McAllen, Texas, through NFT, allowing investors to earn rent in USDC.
Government and Institutional Support
The significance of these developments lies in the involvement of major financial institutions such as BlackRock, which are also beginning to tokenize multi-trillion-dollar asset classes. This highlights that tokenization is not just a trend, but an industry-wide transformation.
XRP’s Role in Unlocking Real Estate Liquidity
Pantoja made it clear that the real estate market, as the largest asset class globally, needs updating. XRP could be the key to unlocking trillions of dollars in this area, offering faster and more modern solutions for buying and selling properties. He mentioned ongoing projects in Dubai, where property titles are already being moved to the XRP Ledger.
Real estate tokenization opens new horizons for integrating traditional assets with blockchain technology. If XRP becomes the main settlement layer for tokenized real estate, its potential growth could become a reality.
