
Tokenizing precious metals on-chain has become a flamboyant trend of 2026. Ripple’s XRP Ledger started doing that back in 2024, when Meld Gold released their first batch of tokenized gold shares. However, the magnitude is still relatively small – roughly a thousand ounces of gold makes up for a few millions.
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Further on, Assetiko, another tokenization company with a larger gold reserve, applied the same strategy to deploy approximately 1,524 authentic ounces of gold to gather an XRP-based reserve of $3.08 million. This time, the gold tokenization plans could be in the billions of dollars – if the UK chooses XRP Ledger.
Researcher Connects The Dots Between UK & XRP
Crypto researcher SMQKE has put together a deep dive into the link between XRP’s tokenization aspirations and the United Kingdom’s recent FCA move. “Yes, the XRPL can tokenize gold and Ripple is authorized to operate in the UK as an FCA-authorized fintech company”, – said SMQKE on X.
All of a sudden, this paints an epic picture of XRP’s chain linking with the The Financial Conduct Authority (FCA) in the United Kingdom’s (UK) plans to deploy more than 70% of their local gold reserves on-chain. That’s a bid to shield the gold trading dominance from rising competition in the likes of Shanghai & Hong Kong.
Why Ripple’s Cozy In UK: XRP May Reap The Benefits
Presently, XRP’s status in the United Kingdom is already a comfortable one. Earlier in the year, the company received an Electronic Money Institution licence and a Cryptoasset Registration. These regulatory winnings let Ripple gradually scale their payments operations across the UK.
A decision to develop XRP Ledger-based infrastructure for tokenizing the United Kingdom’s gold market could rotate billions into the growing tokenization market – with the regulatory hurdles now cleared, it’s up to consumer demand & practical scaling intricacies for how this plays out.
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