Attorney John Deaton explains Ripple's focus on tokenization services and expansion of custody infrastructure

Odaily News Ripple is expanding its custody services by acquiring companies such as Metaco and Standard Custody. Crypto lawyer John Deaton said that Ripple's move is intended to become a one-stop blockchain solution provider for financial institutions and promote tokenization-as-a-service. Deaton pointed out that Ripple plans to use XRP Ledger and RLUSD stablecoins to support banks to tokenize traditional assets such as stocks and real estate, which is expected to increase XRP adoption and prices.