Is Ripple powering BlackRock’s $100 trillion blockchain vision?

X has seen an increasing number of speculations that BlackRock and Ripple may be working closely behind the scenes. BlackRock CEO Larry Fink recently said, “The next generation of the market will be tokenized.” His goal is to bring over $100 trillion in assets, including stocks, bonds and real estate, into the blockchain.

Ripple’s tokenization strategy reflects BlackRock

However, one thing is essential to achieving that level of transformation. It’s a digital identity. This is where Ripple is very relevant. Ripple is actively developing technology for digital identity and cross-border payments, and is now pushed up to tokenized real-world assets, including real estate, the Treasury, commodities, and even CBDCs. This reflects BlackRock’s own strategy to unlock $100 trillion through tokenization.

In particular, the tokenized US Treasury Department already lives in the XRP ledger through its partnership with Ondo Finance. The new asset, Ousg, is backed by money market funds, including those managed by BlackRock. In short, Ripple builds a blockchain infrastructure, while BlackRock brings liquidity.

Clarity of regulations after the SEC fight

Ripple spent years in a legal battle with the SEC over whether XRP should be considered security. Ultimately, the court ruled that XRP was not security, and Ripple left with a smaller fine. This result gives Ripple a clear legal status in the US, and that is a major advantage in the future.

Aladdin, XDNA & The Bigger Picture

BlackRock manages ETFs under ticker XDNA, focusing on genomics, health data and biotechnology infrastructure. It seems irrelevant, but it may refer to a larger trend: data, identity, and funding all moves on-chain.

Speculations are also growing about BlackRock’s Aladdin platform. It manages over $20 trillion in global assets. Some believe that Aladdin is testing blockchain-based cross-border payment systems, while others believe that Lip Renet could be in the mix.

The familiar face network

In particular, many of the key people behind these organizations share similar backgrounds. Nathan Allman, co-founder of Ondo Finance, worked for Goldman Sachs, as did some of BlackRock’s top leaders. What’s more, Gary Gensler, former SEC chairman who led the lawsuit against Ripple, is also a former Goldman partner. These connections refer to a network that is closely connected behind the scenes.

Former SEC lawyers will clear up the confusion

However, former SEC officials jumped to make it clear that Ripple was sued by the SEC in 2020 during the Trump administration, long before Gensler was appointed. The SEC lawsuit against Ripple was filed under Jay Clayton, not Gary Gensler. In fact, Clayton approved the case as an SEC chair on his last day. The investigation and decision of the suit was made entirely under Clayton’s watch.

There’s a lot going on behind the scenes, and Ripple seems right in the middle. However, it is important to separate facts from theory. The patterns and timing are interesting, but not everything is confirmed.

XRP ETF speculation grows

Speculations have risen regarding the BlackRock application for the Spot XRP ETF, but so far there has been no official confirmation. Experts note that BlackRock usually only moves when regulations are in place. Now, as the Ripple vs. SEC case approaches its end and new crypto regulations are formed, the conditions could ultimately be adjusted.

XRP is rising, reaching its first new history high for the first time in seven years, and now it is the third largest cryptocurrency. The market capitalization is $20.389 billion and has already passed major companies such as PepsiCo, AT&T, and Uber.