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Exactly... or Ripple... or __.
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Wouldn't put it behind Ripple to aggressively pursue this though. According to #1447432 (and https://archive.ph/xZ0Iq) they're next in line for a Fed master account.
Let them do it though... I don't think it extremely likely that I will use such a solution - theirs or someone else's.
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Of course. Bringing everything on chain always meant a chain they owned and controlled. That's why I laugh at all the eth people who think Wall st is going to tokenize on ethereum. Keep dreaming.