Unlocking Liquidity for Onchain Private Markets - Tokenization of Trade Finance on XRPL

For many years in crypto, people have waited for the moment when “the institutions are coming.” 

Well, that moment is now. 

Real-world asset (RWA) tokenization is no longer just a buzzword, accelerating towards real adoption by both institutions and Web3 players. This signals a huge paradigm shift in the future of finance. 

Recent moves such as Nasdaq’s SEC filing to allow for the trading of tokenized securities highlight this surging demand to build onchain capital markets.  

The Value Prop

Tokenized RWAs leverage blockchain to cut costs, speed up settlement, and enable fractional ownership. This unlocks capital and provides transparent, unprecedented access to cross-border opportunities for institutions and investors.

And the numbers are staggering. 

The market value for RWAs has gone from $4 billion to more than $300 billion in just 5 years, representing crypto’s fastest-growing sector. 

However, tokenization alone doesn't guarantee liquidity; that's the catch.

Many tokenized RWAs often remain illiquid due to regulatory restrictions, deal structures, or lack of secondary markets, similar in effect to vesting schedules in crypto tokens.

This is where SecondSwap, a decentralized marketplace for trading locked tokens, can help digital assets transition from Locked to Liquid. 

Now, we plan to spotlight a new use case for our platform at the XRP Seoul 2025 event: unlocking liquidity for illiquid RWAs. 

Locked Tokens and Illiquid RWAs: Same Tech, Same Issues

SecondSwap began with a clear mission to become the world’s leading secondary marketplace for trading locked tokens.

In traditional finance, secondary markets are essential for liquidity. Yet, as digital tokens grow and evolve into financial assets, this critical infrastructure is still missing. This is what SecondSwap uniquely solves.

For token issuers and foundations, this means greater control over their token supply.

For investors, this provides a way to unlock value for their tokens.

Thanks to its tech stack, SecondSwap’s marketplace is primed to move beyond locked tokens and dive into one of the most transformative opportunities in Web3 finance: tokenized RWAs.

The logic is simple. While both are bound by similar liquidity issues, the smart contracts behind them are similar, if not the same.

By extending its token liquidity infrastructure to illiquid tokenized RWAs, SecondSwap helps to unlock an RWA market that has already grown into the hundreds of billions and is forecasted to be in the trillions.

The Largest Tokenized Private Credit Deal on XRP Ledger

Standard Chartered suggests that demand for overall tokenized assets could reach $30 trillion by 2034, with tokenized trade finance becoming one of the top three tokenized assets. 

They project that global trade volume will reach $32.6 trillion globally by 2030 and that its native properties make it “an ideal category to originate tokens.”

SecondSwap is planning to capitalize on the potential by tokenizing trade finance into a $60 million private credit deal on the XRP Ledger.

This will demonstrate a real use case for converting loans and debt instruments into tokens, thus unlocking liquidity for illiquid RWAs. 

As private credit has quickly grown to become the second-largest RWA asset class after stablecoins, this use case carries significant implications for other RWAs across the tokenized asset ecosystem.

Join SecondSwap for Additional Alpha at XRP Seoul and KBW 

Meet Kanny Lee, the founder of SecondSwap, at XRP Seoul and Korea Blockchain Week to learn more about how SecondSwap is uniquely solving the problem of illiquid tokens, including RWAs and other locked tokens.

Grab your tickets for XRP Seoul here and for KBW here.

For more information on SecondSwap, follow us on X and LinkedIn.

Official Links

• Website: https://www.secondswap.io/
• X: https://x.com/secondswap_io
• LinkedIn: https://www.linkedin.com/company/secondswap
• Telegram: https://t.me/secondswap_community

Disclaimer

This content has been prepared and provided by SecondSwap for informational purposes only. The statements and descriptions herein are solely those of SecondSwap. This content does not constitute an offer to sell or a solicitation to purchase any tokens or securities. Any participation in token-related activities may be subject to eligibility requirements, applicable laws, and platform terms. Digital assets may be volatile and can lose value. They are not legal tender, not backed by any government, and not subject to deposit protection schemes.