According to CoinEdition, Ripple CTO David Schwartz has responded to VanEck’s Matthew Sigel, who questioned the financial benefits of XRP Ledger (XRPL) developments for token holders. Sigel expressed confusion over the XRPL’s utility and asked whether it generates value for XRP holders through fee capture or revenue sharing. Schwartz clarified that the XRPL is designed as a public good, emphasizing its role in payments, asset issuance, and NFTs, but not as a source of passive income. He likened the ledger to Bitcoin but with added features like a decentralized exchange and stablecoins. Meanwhile, Ondo Finance and BlackRock have launched tokenized U.S. Treasuries on the XRP Ledger, showcasing its institutional adoption.
Ripple CTO Defends XRPL as Public Good, Not Passive Income Tool for XRP Holders
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