Pierre Rochard Says Tokenization Won’t Drive XRP Value
Pierre Rochard, CEO of the Bitcoin Bond Company, has rejected claims that the growing tokenization sector would hold immense benefit for XRP and Ethereum.
For context, Ethereum and XRP are at the forefront of the growing tokenization market, with Bitwise recently suggesting that buying them is the cleanest way to invest in the sector. However, Rochard argues that the idea of securities tokenization driving demand for XRP and Ethereum has flaws.
Rochard Rejects XRP and Ethereum Tokenization Pitch
According to him, with no clear advantage, the only remaining angle is to target people who can’t open brokerage accounts but can use crypto wallets. In his words, that model depends on squeezing fees from some of the world’s poorest investors, who already have the least to put into markets.
Beyond that, Rochard highlighted competition as another obstacle. He argued that because blockchain technology is open source, new networks can appear at any time, pushing fees lower and undercutting any profit model. He added that the contest will not be decided by utility but by marketing, where stablecoins like USDT on Tron already dominate instead of ETH or XRP.
Notably, in a follow-up commentary, Rochard insisted that making security tokens more useful might raise demand for those tokens themselves, but it does nothing to increase demand for ETH or XRP
DTCC Already Building on Ethereum
However, the DTCC itself is already building on Ethereum. In April, it announced that it had developed a tokenized collateral management platform, known as AppChain, to launch during its “Great Collateral Experiment” on April 23.
The system aims to speed up collateral movements, improve liquidity, and create an open digital ecosystem for financial applications. The initiative runs on LF Decentralized Trust’s Besu platform, an enterprise-focused version of Ethereum designed for institutional use.