Ripple's Antony Welfare highlights global interest in CBDCs and real estate tokenization.
Ripple Labs Inc, a company known for blockchain innovation and digital payments, has announced an initiative to transform the real estate industryAntony Welfare, the Central Bank Digital Currency advisor at Ripple, highlighted the growing global interest in CBDCs and stablecoins in a July 7
. He emphasized that Ripple's team is actively exploring practical applications for CBDCs and stablecoins, with a particular focus on tokenizing real estate assets.combines the digital Hong Kong dollar , tokenized real estate and finance lending protocols. This innovative pilot program aims to enable users to tokenize real estate assets and utilize them as collateral for loans, leveraging Ripple’s CBDC platform.
Ripple's exploration of real estate asset tokenization demonstrates their acknowledgment of the industry's revolutionary possibilities. Through the utilization of blockchain and digital currencies, Ripple strives to tackle current obstacles and unveil fresh prospects in the real estate sector.
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