#programmable compliance

➤ The XRP Ledger is presented as a strong candidate to power the next wave of SEC-regulated tokenized equities, boasting features like atomic settlement, programmable compliance, and a native DEX. ➤ Recent SEC decisions and the introduction of features like the Permissioned DEX and Multi-Purpose Tokens on the XRP Ledger align with regulatory demands for investor protection and compliance. ➤ With integrated features like RLUSD for near real-time settlement and a proven track record, the XRP Ledger offers a compelling alternative to existing platforms, potentially capturing significant market share in tokenized securities.

➤ Centrifuge has integrated Predicate into its Whitelabel platform to embed programmable compliance rules directly into tokenized real-world assets (RWAs). ➤ This integration addresses a key bottleneck for institutional adoption by ensuring that regulatory requirements are baked into the asset's smart contract, rather than applied externally. ➤ The platform aims to simplify the launch of regulated, tokenized financial products for asset managers and fintechs, with early use cases emerging in sectors like energy infrastructure.

➤ Pantera Capital assesses the $321B tokenization market as a transitional phase, with 77.6% of assets being 'wrappers' of offchain products rather than true onchain finance. ➤ The firm's Tokenization Progress Index shows an average onchain maturity of 2 out of 5, indicating a lack of deep transformation despite market growth. ➤ True onchain finance requires programmable compliance, autonomous collateral management, and embedded governance, which are currently lacking in most tokenized assets, with stablecoins dominating the market value.