Hoskinson Highlights Blockchain Advantage
Cardano founder Charles Hoskinson has sparked renewed discussion on blockchain infrastructure, particularly as traditional finance firms explore tokenization. He highlighted that legacy financial institutions are attempting to recreate systems that projects like XRP and Cardano have already developed, albeit on a much smaller scale.
Built for Web3 from the Ground Up
Hoskinson emphasized that platforms such as XRP and Midnight are built from the ground up for Web3, whereas conventional institutions are still in the early stages of experimentation. He specifically pointed to the real-world asset market, noting the potential $10 trillion opportunity. According to him, success in this space requires complete end-to-end systems, strong partnerships, and active, engaged communities.
Canton Coin Rises Amid Institutional Moves
The comments came amid a notable rise in Canton Coin, which surged roughly 20% over the past week. This rally was primarily driven by institutional infrastructure developments rather than general market trends. The surge followed a December 17 announcement from the Depository Trust & Clearing Corporation (DTCC), which revealed plans to explore tokenizing a portion of U.S. Treasury securities on the Canton Network.
Legacy Finance vs Web3 Networks
Hoskinson’s remarks underline the contrast between legacy financial players adapting blockchain technology and networks like XRP and Cardano, which were designed to handle global-scale tokenization from the outset.
Conclusion
Hoskinson’s comments reinforce the idea that early adoption, strong communities, and purpose-built blockchain networks like XRP and Cardano could give them a significant edge over traditional finance as tokenization of real-world assets continues to expand.
