Pierre Rochard, CEO of Bitcoin Bond Company, rejected the claim that the growing tokenization sector would retain significant benefits for XRP and Ethereum.
For context, Ethereum and XRP are at the forefront of the growing tokenization market; Bitise has recently proposed that purchase They are the cleanest way Invest In the sector. However, Rochard argues that the idea of securities tokenization, which drives demand for XRP and Ethereum, is flawed.
Rochard rejects XRP and Ethereum tokenization pitch
recently xPost, Roshard The current financial system has already mentioned I'll solve it Issues claimed by XRP and Ethereum address. Specifically, he pointed out Depository Trust & Clearing Corporation (DTCC). This is resolved by clearing the securities as a user-owned cooperative.
He says there is no clear advantage, but the only remaining angle is targeting people who can't open a securities account but can use crypto wallets. In his words, the model It depends Above squeeze Fees from the world's poorest investors who already have the least Put it in market.
Beyond that, Rochard emphasized competition as another obstacle. He claimed that blockchain technology is Open Sourcea new network can be made appear anytime, push Fee Lower It's below the profit model. He added that the contest will be determined by marketing like stablecoins, not by utility. Tron's USDT Already dominant Instead of ETH or XRP.
In particular, in the follow-up commentary, Rochard argued that by making security tokens more convenient, it could increase the demand for those tokens themselves.but that Do nothing to increase the demand for ETH or XRP.
Increasing the security token utility could lead to a slight increase in demand for holding security tokens, but there is zero impact on demand for holding ETH or XRP.
There is an entire segment of the crypto industry dedicated to not understanding this.
-Pierre Rochard (@bitcoinpierre) August 17, 2025
DTCC is already built in Ethereum
However, DTCC itself is already based on Ethereum. April, that announcement That it has developed Tokenized collateral management platform known as Appchain launch During the “Great Collateral Experiment” on April 23rd.
The system is aiming for Speed up Collateral movement, Improve Liquidity, and Create An open digital ecosystem for financial applications. This initiative will be carried out on the BESU platform of LF decentralized Trust. This is an enterprise-centric version of Ethereum designed for institutional use.
Rochard recognizes XRP utility
In particular, Rochard, a Bitcoin maxi, has consistently criticised Altcoins, and XRP is one of its frequent targets. May, he Called Retail tokens that lack the reliability of the XRP system. he Recognised Although its XRP has a utility, it continues to argue that utilities alone do not lead to meaningful price growth.
That same month, he I was asked Why keep it when everyone can do XRP, Ethereum, or Solana? simply Keep your money on Bitcoin or Stubcoin while using these network utilities. He argued that none of these tokens have a robust value model that justifies long-term retention.
