The $XRP Ledger is gaining fresh attention as Ripple expands its work with traditional finance, while Digital Asset CEO Yuval Rooz warns that crypto networks will eventually be judged by the utility and revenue they create. At the same time, banks are already using public blockchain infrastructure without waiting for the US Clarity Act.
Ripple Pushes $XRP Ledger Into Traditional Finance
Aviva Investors has tokenized its US dollar liquidity fund on the $XRP Ledger as part of its partnership with Ripple. The firm manages over £30 billion in liquidity strategies and will work with Ripple through 2026 to explore more tokenization opportunities. The company stated tokenization does not change a fund’s underlying assets, NAV or risk profile.
It simply records ownership digitally, which could make transactions faster and more efficient. The move shows growing interest in using the $XRP Ledger for real-world assets and traditional finance.
Banks Are Already Using Public Chains
The discussion also pushed back against the idea that banks must wait for the US Clarity Act before using public blockchain networks. Rooz said banks are already using public chains, including Canton.
“If you made promises and you didn’t deliver, guess what… it’s eventually going to go down to zero.”@YuvalRooz on Crypto Networks. @CantonNetwork shakes the dust, 3X on valuation in a 40% down market. pic.twitter.com/3yJfDdQmKS
— 🌸Eri ~ Carpe Diem (@sentosumosaba) August 10, 2026
He noted that around 50 vendors are preparing applications for Canton ahead of the DTCC’s planned production launch in October. He also pointed to the scale of US financial markets, with equities and Treasuries together approaching $70 trillion, arguing that the industry should think beyond crypto’s current billion-dollar TVL figures.
Utility Could Separate Winners From Losers
Rooz further warned that many crypto networks have valuations disconnected from the actual economic activity they generate. He argued that networks making promises without delivering useful products could eventually lose most of their value.
Hyperliquid was presented as an example of a network generating revenue and using it to burn tokens, creating a model closer to a profitable public company returning value through buybacks.
He also criticized changing industry narratives, noting how crypto shifted from permissionless systems toward privacy and control. According to Rooz, maintaining a consistent product strategy helped his company nearly triple its valuation over 24 months, even while the broader market declined around 40% over the past year.
The latest funding round was led by Andreesen Horowitz and included Apollo, CME, HSBC, SoFi, SBI Japan and Hana Bank Korea, with Shinhan Financial Group joining at the last moment after the round became oversubscribed.
According to him, the company still has substantial work ahead to deliver on its projects and maintain that growth.
