Hoskinson Suggests Ripple Could Tap Cardano Sidechain to Ignite XRP's Next Move

Charles Hoskinson suggested that Ripple could leverage Cardano's Midnight sidechain to spark XRP's next move.

A recent analysis by Delphi Consulting of 652 token listings across five major exchanges from January 2025 through May 2026 found a dismal 12% win rate and a median return of -82%

However, the same platforms are now offering tokenized stocks, which have seen significant growth. Tokenized stocks across all platforms held $1.48 billion in distributed value as of June 1, up 39% over 30 days.

Binance Research projects that crypto exchanges could channel $2 trillion in incremental capital and nearly 300 million new users into global equity markets by 2031 under a base case, rising to $5 trillion in annual incremental equity capital under a bull case.

The infrastructure win and the ownership disconnect can coexist, and it matters most precisely when market conditions make it most relevant. Stablecoins, exchanges, custodians, and tokenization issuers capture value from tokenized stock activity regardless of whether crypto-native tokens benefit.