According to the community, the network has over a decade of development behind it and more than 300 financial partners. As a result, it is expected to facilitate far greater on-chain volume than it is currently processing.
In his post on X, Schwartz acknowledged the slow progress, attributing it to institutional reluctance around public liquidity pools. He said:
“Institutions have historically preferred to use digital assets off-chain rather than on-chain. I think we’re close to changing that because institutions are starting to see the benefits of moving on-chain.”
Schwartz also pointed out a key concern in the difficulty of verifying liquidity sources on an open DEX. In his words, Ripple currently avoids using the XRPL because “we can’t be sure a terrorist won’t provide the liquidity for payment.”
Considering this, Ripple or its counterpart engaging with the DEX poses serious legal and reputational risks without reliable controls.
According to Schwartz, these traits position XRPL as a strong candidate for future enterprise-grade tokenization projects. He argued that public chains offer the kind of asset mobility and infrastructure depth that private solutions struggle to match.
Schwartz suggested that this precedent may hint at how future institutions could use XRPL in similar ways, provided compliance features catch up.
