Traditional finance firms are increasingly tokenizing financial assets on public blockchains, according to RippleX's senior VP, Markus Infanger. He suggests that the future value of tokenized markets could reach $16 trillion, dwarfing the current total market cap of the cryptocurrency sector. Ripple is reportedly in advanced talks with various financial institutions about tokenization projects on the XRP Ledger. The company is also planning to issue its own U.S. dollar stablecoin on the XRP Ledger and Ethereum, as it expands its offerings to both traditional finance and decentralized finance players.