In a momentous turn of events for the worlds of both cryptocurrency and traditional investment, Purpose Investments has sought regulatory approval for the Purpose XRP ETF to be listed on the Toronto Stock Exchange. The $23 billion asset management firm aims to launch this new exchange-traded fund with an elementary focus on the cryptocurrency XRP, giving investors a primely lit chance to step into the burgeoning XRP market in an environment that’s much more regulated than the one we were all living in just a year ago. JUST IN: Purpose Investments, a $23 billion AUM firm, aims to launch the world`s first #XRP spot #ETF , filing a preliminary prospectus with Canadian regulators. — CoinEcho (@mycoinecho) January 31, 2025 The Purpose XRP ETF signals a clear move toward the inclusion of digital assets such as XRP in traditional investment vehicles. This development could well lead to further adoption of cryptocurrencies by institutions. Purpose Investments has a solid track record in managing assets and appears to be a trustworthy actor in the crypto space. With the growing interest that the firm—not to mention the whole investment community—has in blockchain technologies, this ETF could be a worthwhile opportunity for long-term investors. XRP Market Rebounds with Strong Fundamentals The price of XRP has been resilient lately, bouncing back quickly from a brief dip just three days ago. Since then, the market cap for XRP has skyrocketed by an impressive 13.4%, signaling an uptick in investor confidence in the asset. This recovery comes at a time when XRP’s fundamentals are as strong as ever, particularly when you look at its growing user base and increasing network activity. At present, 4.34 million non-empty wallets each hold fewer than 100 XRP, with the average wallet holding $313 or less at the current price. That means 71.5% of the 6.07 million total non-empty wallets on the XRP Ledger are holding less than 100 XRP. This is clear evidence that XRP is being adopted by a very broad base of retail investors. These statistics concerning wallets reveal the increasing popularity of XRP among a wide array of users, which bodes well for the long-term investment thesis. With a clearly significant portion of the user base of the XRP Ledger holding small amounts of XRP, the asset seemingly enjoys much more “distribution” than many similar crypto assets and is, therefore, part of a much more “decentralized” network. @PurposeInvest has filed for the Purpose XRP ETF in Canada. The ETF is set to focus mainly on $XRP , offering investors a chance for long-term capital growth in a regulated environment. https://t.co/F37aSgtP5v pic.twitter.com/L6HPLLFyUo — ????????????????XRP (@BankXRP) January 31, 2025 XRP Ledger’s Automated Market Maker Gains Traction Besides the increasing interest in the Purpose XRP ETF, the automated market maker (AMM) of the XRP Ledger is also intensifying, with decentralized liquidity pools amassing over $83 million in total value locked (TVL). AMM, a key development on the XRP Ledger, radically improves trading efficiency by automating the price discovery process and hence makes it far easier for users to swap between digital assets. Users may conduct trades without worrying about the presence or absence of traditional order book traders at the moment of trade. Since its dip 3 days ago, XRP`s market cap has quickly rebounded +13.4%. 4.34M non-empty wallets currently hold less than 100 XRP (currently $313 or less). This is approximately 71.5% of the 6.07M total non-empty wallets currently sitting on the XRP Ledger. pic.twitter.com/ANl9XkBCze — Santiment (@santimentfeed) January 30, 2025 The XRP ecosystem is seeing greater value and involvement, as more people interact with it. Some of this is occurring in DeFi, particularly in the programmatic stablecoin space. The value locked in DeFi on the XRP Ledger has surged, and in the past few months, we’ve seen a few million dollars of total value locked up in the AMM—the AMM operates directly on the XRP Ledger and serves as a money market. What This Means for XRP and the Broader Crypto Market The Purpose XRP ETF marks another major step forward in the evolution of the digital currency industry, especially concerning the industry’s growing acceptance by the establishment. By creating this regulated investment vehicle, Purpose Investments is allowing both institutional and retail investors to have something similar to direct exposure to XRP without, well, directly holding the asset. The launch of the ETF could lead to further price appreciation and increased liquidity for XRP, as more capital flows into the asset. The ETF is a mechanism that allows for more direct institutional investment into the cryptocurrency space. As (Gonzalez) said in this context, “for companies like Grayscale, which is already running a trust for XRP, the launch of this investment vehicle means that even more institutional interest can be expected for the cryptocurrency.” In total, the Purpose XRP ETF filing and the recent market activity surrounding XRP serve to confirm the momentum that is building around this cryptocurrency and its potential to be a legitimate sovereign asset class in the not-too-distant future, if not already. Overall, the fundamentals of this crypto and its market keep getting stronger, and the types of players who are interested in it keep getting more serious. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: volody10/ 123RF // Image Effects by Colorcinch
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Canadian Cryptocurrency Market Reacts to Trudeau’s Response to Potential Trump Tariffs
Canada Prepares for Trump’s Tariffs, Says Prime Minister Trudeau ————— NFA. NullTx
Mantra’s Meteoric Rise: A Game-Changer for Asset Tokenization
The space of asset tokenization is undergoing a significant development. In the past 24 hours, the native token of Mantra Chain, $OM, has surged by around 30%. This surge has resulted in $OM surpassing a market cap of $5.5 billion and has led to $OM overtaking the token that was once in first place, $TRUMP. Following this explosive rise, $OM has actually claimed the third spot in CoinGecko’s trending cryptocurrency list, just behind Ethereum Name Service ($ENS). The recent surge has been driven by a major milestone for Mantra Chain, redefining its journey toward merging real estate with blockchain technology. The platform expressed that it has successfully tokenized $1 billion worth of assets from DAMAC Properties, one of Dubai’s largest and most powerful real estate companies. This partnership, they say, is a game changer for the Real-World Asset sector, representing a groundbreaking combination of traditional real estate with blockchain technology. $OM just hit a major milestone. $1B in assets from @DAMACOfficial , one of Dubai`s biggest real estate giants, are being tokenized on @MANTRA_Chain . This is a game-changer for the RWA space—bridging real estate, blockchain, and global investors. #MANTRA is leading the… pic.twitter.com/vRCKgBLUyQ — Robert hook (@Robert_i0) January 30, 2025 Through this strategic move, Mantra Chain is setting the stage for a new era of investments in real estate, where international investors can access tokenized forms of the high-value, hard-to-reach real estate market. By utilizing blockchain to create tokenized assets, Mantra is effectively granting these international investors access to a more liquid, globalized market for investments in real estate. That process is, of course, perfectly in line with the burgeoning interest in real estate that’s becoming evident around the world. The Rise of Real-World Asset Tokenization Asset tokenization is a rapidly emerging trend in the $16 trillion real world asset (RWA) market, with institutional and retail investor interest intensifying. Assets such as real estate, commodities, and art can now be traded in smaller and more easily managed units when they are tokenized. This opportunity is allowing a much broader range of investors to compete for these high-value assets and is opening the door for many even to access these markets. When it comes to real estate, in particular, the opportunity to invest using only a portion of what would typically be required is a game-changer. That puts Mantra Chain firmly in the crosshairs of a not-so-unfamiliar narrative for blockchain technology: A step toward adoption, a potential to disrupt. For quite a while now, the conversation around blockchain’s promise in real estate has been building. Not so much in the industry where I work—with its conversations about wealth management and asset allocation—but in the tech world and the world of venture capital, where conversations are, ostensibly, about the future. Hearing them talk, you might think blockchain is a Toblerone-sized ticket for tech to displace mediators in real estate. Tokenized assets from DAMAC Properties worth $1 billion is just the beginning. There is anticipation that this will create a ripple effect leading to the tokenization of many other asset classes. The platform, underlying this initiative, is becoming more robust and approachable and is, therefore, potentially on its way to being a major player in the still-evolving asset tokenization space. Mantra’s Vision for the Future of Blockchain and Asset Tokenization As Mantra Chain extends its innovations to cover more ground and broaden its services, it becomes clearer that the platform is aiming to lead in asset tokenization—specifically in Real-World Assets. This focus is just one piece of a bigger vision puzzle that the team at Mantra is trying to solve. In a nutshell, and very simply put, it is the aim of all these technologies and companies to bring more Real-World Asset types on-chain for all the amazing benefits that blockchains bring: more transparency, security, and better management of these types of assets; which, as you know, are also traditionally traded assets. Mantra’s rising prominence in the RWA sector is clear, as evidenced by its partnership with DAMAC Properties, which positions it splendidly to net a huge chunk of the $16 trillion RWA market. The outcome of this endeavor could unfurl further tokenization of top-shelf, high-value assets, leading in all likelihood to the birth of a new class of digital securities. As this sphere of the asset world advances toward mainstream acceptance of blockchain technology for day-to-day transactions, platforms like Mantra Chain appear set to play a big part in dictating the terms of tomorrow’s investment markets. In addition, the platform’s ability to draw in global investors is telling. It demonstrates that asset tokenization, when done using blockchain technology, can create a bridge between the old intermediation world of finance and the new decentralized finance (DeFi) world. To the extent that Mantra offers a secure, regulated environment in which to tokenize real estate assets, it sets a precedent for how the DeFi space can incorporate and enhance the real economy. Looking Ahead: The Future of Asset Tokenization and $OM Mantra Chain keeps innovating and pushing the boundaries of what blockchain can achieve. Its token, $OM, stands to benefit from the increasing adoption of its platform. The recent price surge reflects growing investor confidence in the project and its future potential. The success of Mantra Chain’s $1 billion asset tokenization deal with DAMAC Properties is expected to open the door for more partnerships in the future, positioning $OM as a key player in the nascent tokenization landscape. The RWA market is about to surge, and demand for tokenized assets is on the rise. Mantra Chain is ready to profit from these clear trends. As we head towards a more asset-based world, the global capital markets swamp will undoubtedly see a flood of new tokenized assets. And with these new assets will come a host of new investors, all looking to profit off the $OM tokens that are becoming the leading asset-based token in the space. To conclude, the monumental progress made by Mantra Chain in real estate asset tokenization, along with integrating blockchain technology into traditional sectors, has opened the door to a new world of investment possibilities. Its alliance with DAMAC Properties is a significant landmark on the road to the ever-evolving world of blockchain, and with $OM continuing to climb, it appears clear that Mantra Chain is at the helm of the asset tokenization evolution. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: loft39studio/ 123RF // Image Effects by Colorcinch NullTx