Wall Street’s next crypto bet is tokenization. That’s not my thesis, it’s that of Bill Barhydt, CEO of Abra, filed with the SEC June 8. Two companies. Two chains. Same directional bet: Abra → Solana. Tokenized yield products, DeFi lending, crypto banking. Evernorth → XRPL. Institutional XRP treasury, RLUSD liquidity pools, AMM infrastructure. Both going public via SPAC. Both building the same thing in different places. The tokenization wave isn’t a single-chain story. But settlement infrastructure at DTCC scale has one obvious home. $XRP
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