Oliver Michel (올리버 미셸), CEO of German digital asset investment firm Tokenus Investment, said he holds XRP as his largest allocation at both personal and company levels. He forecast that XRP and Stellar Lumens (XLM) could establish themselves as core infrastructure in the global asset tokenisation market.

On June 3, blockchain outlet The Crypto Basic reported that Michel expressed strong confidence in XRP and XLM in a recent interview with German business channel DER AKTIONÄR TV.

He said, "XRP is the cryptocurrency I hold the most, and XLM is my second-largest position." He added, "This view is reflected not only in my personal investing but also in Tokenus Investment's investment strategy."

Michel said he is watching the two assets together because he sees finance moving toward a multi-chain strategy rather than centring on a single blockchain. He said the tokenisation market will develop so that multiple blockchains each play their own role, rather than concentrating on one specific network. As an example supporting this, he mentioned a patent document related to U.S. depository and clearing institution DTCC that was disclosed in March 2025.

The document describes a system for managing digital liquidity tokens using distributed ledger technology (DLT), and it is known to include Ripple's XRP Ledger (XRPL) and the Stellar blockchain as example networks.

Michel argued that the market is not fully reflecting the significance of such moves to adopt infrastructure. He said, "Investors show more interest in price outlooks than in the adoption of actual financial infrastructure." He added, "Even within the XRP community, discussions about price forecasts often take up a larger share than use cases for the network."

Michel also expressed strong confidence in the growth potential of the tokenisation market. He said, "In the end, almost all assets will be tokenised," and added, "The financial system itself could fundamentally change." He said XRPL and Stellar are likely to be major beneficiary networks of that change.

The remarks are drawing more attention as they came after DTCC and the Stellar Development Foundation announced recently that they are pushing ahead with a digital asset tokenisation project.

The two sides are pursuing a plan to tokenise existing financial assets with assets under custody exceeding $100 trillion on the Stellar network, and are aiming to launch the service in the first half of 2027. The project focuses on helping traditional financial investors use existing financial products more efficiently within the digital asset ecosystem.

Market data also show XRPL and Stellar expanding their presence in the real-world asset (RWA) tokenisation sector. According to RWA data platform rwa.xyz, XRPL currently has about 293 tokenised assets and a benchmark asset value of about $3.7 billion, ranking among the leading networks. Stellar has about 24 assets worth $579 million.

But in the decentralised RWA market alone, Stellar leads. Stellar recorded about 43 tokenised RWAs worth $2.2 billion, while XRPL was tallied at 19 assets worth about $384 million.

The industry sees that as the tokenisation market expands, which additional cooperation cases XRPL and Stellar secure with traditional finance will act as a key variable determining the competitive landscape.