“ETH and XRP Will Tax the Poor”: Pierre Rochard Slams Tokenization Thesis

• Bitcoin maximalist Pierre Rochard argued that Ethereum and XRP cannot sustain long-term value through securities tokenization.
• He pointed to the dominance of traditional institutions like DTCC and the rise of low-fee alternatives like Tron.
• The thesis claims that ETH or XRP will extract fees from the world’s poorest people, who have the least to invest.

Bitcoin-maxi Pierre Rochard said Ethereum and XRP cannot sustain value from securities tokenization. His remark unfolded on X, where he weighed in on whether Ethereum and XRP Ledger blockchains can improve settlement systems.

Rochard Questions Tokenization Value

Rochard argued that the investment case for Ethereum and XRP relies on securities being issued on their networks, with transaction fees burned to benefit holders. He said this thesis is weak because of two main challenges.

The first challenge, he explained, is the role of the Depository Trust and Clearing Corporation (DTCC), which clears the majority of U.S. securities trades. 

Related: CryptoRank Adds Tokenized Stocks, S&P 500, and Gold to Platform

Since DTCC is a cooperative owned by its members, it has no incentive to adopt a fee-burni…

The post “ETH and XRP Will Tax the Poor”: Pierre Rochard Slams Tokenization Thesis appeared first on Coin Edition.