作为核心驱动程序的令牌化

这篇文章将完全改变您对XRP的看法以及其真实价值所在的位置。不仅要付款...

Crypto commentator and XRP advocate All Things XRP has shared a detailed post on X, presenting a case for a transformative shift in how XRP’s value should be viewed.

加密评论员和XRP倡导XRP在X上分享了一篇详细的帖子，为应查看XRP值的变革性转变提供了案例。

The argument moves away from the traditional focus on payments and instead points to real-world asset (RWA) tokenization on the XRP Ledger (XRPL) as the primary long-term driver of XRP’s price.

该论点从传统上的付款关注转移到了XRP Ledger（XRPL）上的现实世界资产（RWA）作为XRP价格的主要长期驱动力。

This transition, according to the post, has the potential to radically alter the token’s supply and demand dynamics by permanently locking up large volumes of XRP.

根据帖子的说法，这种过渡有可能通过永久锁定大量XRP来从根本上改变令牌的供求动态。

Image Credit: All Things XRP

图片来源：所有事物XRP

Tokenization as the Core Utility Driver

作为核心驱动程序的令牌化

At the heart of the post is the process of tokenization, defined as the conversion of tangible assets—such as real estate, bonds, or commodities—into digital tokens issued and managed on XRPL. These tokens are described as programmable, globally tradable, settled within 3–5 seconds, and transferred for an average cost of $0.0002.

帖子的核心是代币化的过程，定义为在XRPL上发行和管理的数字令牌的有形资产的转换（例如房地产，债券或商品）。这些令牌被描述为可编程，可在全球范围内进行的，在3-5秒内解决，并以0.0002美元的平均成本转移。

For instance, a $1 million house can be tokenized into 1 million HOUSE tokens. Through XRPL’s decentralized infrastructure, users can purchase fractional shares, earn yield, and trade these tokens using XRP as the underlying asset.

例如，可以将100万美元的房屋标记为100万个房屋令牌。通过XRPL的分散基础设施，用户可以使用XRP作为基础资产购买分数股票，赚取收益率和交易这些代币。

All Things XRP emphasized that the real significance lies not in XRP’s movement as a transaction token but in how XRP is locked and removed from circulation in various mechanisms essential to tokenization. This forms the crux of the argument—that XRP is being taken “off the table” permanently and that this structural lock-up is the real catalyst for future price appreciation.

XRP的所有事物都强调，真正的意义不在于XRP作为交易令牌的运动，而是在XRP被锁定和从循环中删除的各种机制所必需的各种机制所必需的各种机制。这构成了争论的症结 - XRP被永久地“脱离桌子”，并且这种结构上的锁定是未来价格升值的真正催化剂。

Explores the role of $XRP in the tokenization of real-world assets on the @XRPL_official. This analysis provides valuable insights into the potential for large-scale lock-up of $XRP, which could have a significant impact on the token's price in the long term. Read the full post here: https://t.co/5oI6P4eC9v pic.twitter.com/jB8xP74zZx

探索$ XRP在@xrpl_official上现实世界资产的令牌中的作用。该分析为大规模锁定$ XRP的潜力提供了宝贵的见解，从长远来看，这可能会对令牌的价格产生重大影响。在此处阅读完整帖子：https：//t.co/5oi6p4ec9v pic.twitter.com/jb8xp74zzx

— All Things XRP (@XRP_investing) April 12, 2025

- 所有事物XRP（@xrp_investing）2025年4月12日

Mechanisms of XRP Lock-Up

XRP锁定机理

The post describes three key mechanisms through which XRP is locked within the tokenization process. First, Automated Market Maker (AMM) pools hold XRP in smart contracts to enable liquidity for trading between token pairs such as XRP and tokenized real estate assets. This is identified as the most significant contributor to XRP lock-up.

该帖子描述了XRP锁定在令牌化过程中的三个关键机制。首先，自动化的做市商（AMM）池持有XRP的智能合约，以使能够在XRP和令牌化房地产资产等令牌对之间进行流动性。这被确定为XRP锁定的最重要的贡献者。

Second, XRP can be deposited as collateral in decentralized lending protocols. Although stablecoins like RLUSD may become prominent in these environments, All Things XRP argues that XRP will continue to play a central role, especially as decentralized finance expands on XRPL.

其次，XRP可以作为分散贷款方案中的抵押品沉积。尽管像RLUSD这样的Stablecoins在这些环境中可能会变得突出，但XRP认为XRP将继续发挥核心作用，尤其是随着分散的财务在XRPL上的扩展。

Third, XRP is required in small amounts to open accounts and establish trust lines—specifically, 1 XRP per account and 0.2 XRP per trust line. While seemingly minor at the individual level, this demand becomes meaningful at scale.

第三，需要少数数量的XRP才能打开帐户并建立信托行，特别是每个帐户1 XRP和每条信任线0.2 XRP。虽然在个人层面上似乎很小，但这种需求在大规模上变得有意义。

A concrete example is offered involving the tokenization of a $1 million property, with an XRP/HOUSE AMM pool seeded with 24,390 XRP. As users enter the market and swap XRP for HOUSE tokens, more XRP enters the pool and remains locked. If replicated across 1,000 similar properties, this single-use case alone could result in 24.39 million XRP being locked.

提供了一个具体的例子，涉及100万美元的财产的令牌化，XRP/House AMM泳池播种24,390 XRP。当用户进入市场并将XRP交换为房屋令牌时，更多的XRP进入池并保持锁定。如果在1,000个类似的属性中复制，仅此一次一次性案例可能会导致2439万XRP被锁定。

Quantifying the Long-Term Impact

量化长期影响

The post cites projections from Ripple that place the total value of tokenized assets at $6 trillion by 2025. If XRPL captures just 10% of that market—$600 billion—then based on current mechanisms, approximately 17.58 billion XRP could be locked: 14.6 billion in AMMs, 2.9 billion in lending, and 20 million in reserves. This would represent over 30% of the current circulating supply of XRP.

该帖子引用了Ripple的预测，该预测将令牌资产的总价值截至2025年。如果XRPL仅捕获该市场的10％（6000亿美元），则基于当前机制，约有175.8亿XRP的XRP可以锁定：AMMS，29亿美元，在29亿卢比中，租用了29亿美元。这将代表当前XRP当前循环供应的30％以上。

Looking ahead, the post extrapolates to 2033, when global tokenized assets could reach $18.9 trillion. If XRPL’s market share increases to 15%, approximately 28.37 billion XRP could be locked. That would amount to nearly half of the total circulating supply, fundamentally altering the token’s availability and market dynamics.

展望未来，邮政推断至2033年，当时全球令牌资产可能达到18.9万亿美元。如果XRPL的市场份额增加到15％，则可能会锁定约283.7亿XRP。这将相当于循环总供应的近一半，从根本上改变了令牌的可用性和市场动态。

Structural Shift in XRP's Narrative

XRP叙述的结构转变

All Things XRP concludes that this phenomenon should not be seen as theoretical or speculative. It is instead presented as an inherent result of XRPL’s design.

XRP的所有事物得出的结论是，这种现象不应被视为理论或投机性。相反，它是XRPL设计的固有结果。

As more real-world assets are tokenized, more XRP is absorbed into the ecosystem and locked permanently. This structural supply reduction will support XRP’s price growth over time.

随着更多现实世界的资产被标记化，更多的XRP被吸收到生态系统中并永久锁定。这种结构性减少将支持XRP随时间增长的价格增长。

The argument places XRP’s evolving utility in the context of broader financial infrastructure, asserting that the token’s long-term appreciation will be driven less by retail speculation or transactional volume and more by its embedded role in a growing global market

该论点将XRP的不断发展的效用在更广泛的金融基础设施的背景下，断言，代币的长期欣赏将通过零售投机或交易量来减少，而更多地通过其在不断增长的全球市场中的嵌入式角色来驱动。