Ripple Just Moved This $2 Billion Industry Onto The XRP Ledger
The XRP Ledger is now hosting a significant tokenized asset: electricity. A token called JMWH, issued by blockchain infrastructure company Justoken and backed by Latin American energy producers, represents real megawatt-hours of power on-chain. With a total asset value of approximately $2.229 billion, it is a major component of the Ledger's real-world asset (RWA) market. The tokenization process allows electricity to be transparently tracked from production to consumption, with tokens being burned once the energy is used. This move expands the XRP Ledger's use beyond payments and financial instruments into the commodity sector, specifically energy. The growing RWA market on the XRP Ledger, now valued at over $3.57 billion, demonstrates rapid expansion as more issuers tokenize real-world assets.
bitcoinist05/20 05:32
