Tokenized Asset Industry To Reach $16 Trillion: 3 Crypto That Will Make You A Millionaire

The tokenized assets industry is already ramping up with a number of crypto emerging that are taking advantage of the rising interest. Forecasts for this industry have been more than encouraging with multiple studies showing it will be a trillion-dollar industry. Given this, there are certain cryptos that are well-positioned to profit immensely from this growth.

A report from Boston Consulting Group puts the total market cap of the tokenized assets industry at $16 trillion in 2030 which is just seven years from now. During this time, a number of cryptocurrencies will surge alongside. Here are the top 3 picks that could make you a millionaire.

XRP Leads Crypto Harnessing Tokenized Assets

Ripple, the company behind the XRP token, has been getting deeply involved in the tokenized assets space. This was revealed in the company’s 2023 New Value report which said that the industry is expected to grow into $30 trillion.

As a result of this, XRP is gradually becoming one of the most recognized names when it comes to real-world asset cryptos. Ripple’s work with different banks around the world to find real-world applications for central bank digital currencies (CBDCs) also adds to this.

Anthony Welfare, Ripple’s CBDC advisor said, “CBDC team are focussing in on Real world use cases for a CBDC or #stablecoin.” Welfare further added that “#Tokenization is the Future of Real Estate.”

XRP shows strength ahead of weekend | Source: XRPUSD on Tradingview.com

TrueFi (TRU) Brings Lending To The Blockchain

TrueFi’s native TRU token is another token that offers the promise of good returns as the tokenized assets industry grows. This project takes advantage of the lending industry and brings it to the blockchain. Users are able to apply and collect crypto loans with rates that do not fluctuate all that much.

Perhaps the most interesting thing about TrueFi is that it’s one of the cryptos that do not require collateral. Instead, it uses a credit system like the traditional finance lending sector. Basically, the more responsible a user is when it comes to repaying their loans, the better their chances.

Pendle Finance Takes RWA

Pendle Finance is now one of the most prominent names when it comes to real-world assets. However, it doesn’t just end there for the project as it also offers users the opportunity of Fixed Yield. Pendle is also focused on bringing institutional investors to the blockchain with offerings across fixed income, interest rate derivatives, and more.

The PENDLE token has grown a lot but at a $65 million market cap, there is still a lot of runway for this token. If the predictions for the tokenized assets industry are accurate, PENDLE’s market cap could cross $2 billion easily, which is a more than 20x rise from its current market price.

Featured image from GOBankingRates, chart from Tradingview.com