Hedera Hashgraph has drawn attention to the innovative applications of its distributed ledger technology (DLT) through a recent announcement involving council member abrdn. The financial firm is leveraging HBAR’s platform to advance the tokenization of real-world assets (RWAs). This initiative aims to redefine accessibility in the investment space.
Hedera’s DLT Use Case
In a social media post, the blockchain firm noted, “Council member abrdn plc is driving the future of finance by democratizing investment access. Using Hedera for #RWA tokenization, #abrdn ensures faster settlements, boosts market liquidity, and supports financial inclusion.”
#Hedera Council member @abrdn_plc is innovating the future of finance by democratizing access to investment opportunities. Leveraging Hedera for #RWA tokenization – #abrdn enables immediate settlement, enhanced market liquidity and fosters greater financial inclusion.
— Hedera (@hedera) November 19, 2024
abrdn’s use of Hedera’s DLT promises to enhance liquidity across various asset classes, streamline financial processes, and expand investment opportunities to smaller participants. As the firm integrates tokenization into its offerings, its projected valuation is anticipated to reach $4 trillion by 2030. This signals significant growth in the evolving crypto sector, which also shows the robust network of HBAR.
Meanwhile, it’s important to note that Hedera’s Head of Dev Relations Ed Marquez recently announced a massive upgrade coming to the consensus layer of the blockchain, increasing its performance. This upgrade will be related to the “Block Nodes.” As of yet, the blockchain platform can handle over 10.000 TPS. Moreover, this number could increase to 500.000 in the future, according to some speculations swirling on forums.
Ripple Collaboration Rumors Gain Momentum
Amid the advancement in the above-mentioned technological offerings, the XRP community has been abuzz with speculation over a potential partnership involving Ripple, Hedera, and financial giant Goldman Sachs. These rumors emerged following comments from World Economic Forum (WEF) affiliate Shawn Oroogle, who hinted at a possible collaboration among the three entities.
In a social media post, Oroogle acknowledged the rising chatter but emphasized the speculative nature of the claims. However, he clarified that there is no concrete evidence supports these rumors at the moment. However, his comments were enough to stir excitement within the crypto community, especially among XRP supporters who are hopeful about future developments.
Discussions around a possible Ripple collaboration are not entirely new. Past interactions between Ripple CEO Brad Garlinghouse and Hedera Co-Founder Leemon Baird have fueled speculation in the past. During earlier dialogues, both leaders reportedly explored blockchain-based initiatives that could benefit their ecosystems.
🚨Rumours of a big announcement about a potential Goldman Sachs, $HBAR & $XRP partnership.
Currently gathering more evidence.
— Shawn (@oroogle) November 18, 2024
Despite this, there has been no confirmation of a formal agreement or Goldman Sachs’ involvement in such a collaboration. Both the firms are yet to issue official statements addressing the latest wave of speculation.
While rumors swirl, abrdn’s work with Hedera offers a tangible example of how DLT is reshaping traditional financial systems. By focusing on RWA tokenization, abrdn is setting a precedent for other firms looking to embrace blockchain technology. The HBAR-associated platform is uniquely suited for these innovations, offering fast, secure, and scalable solutions to complex financial challenges.
Also Read: Hedera (HBAR) Soars 45% on ETF Filing as Board Member Eyes SEC Leadership