A significant shift is unfolding in the digital asset market. Institutional sentiment around utility-driven cryptocurrencies like XRP is evolving fast. Assets once viewed with caution are now gaining strong recognition because of real-world use and maturing infrastructure.
Levi Rietveld highlighted this shift by sharing a recent interview clip featuring Galaxy Digital CEO Mike Novogratz. Levi’s post brought wider attention to an observation that has stirred new discussions across the market.
A Rare Transition From Token to Money
Mike Novogratz described the difficulty of transforming a digital token into real money. He said, “How do you turn something from being a token into money? It’s complicated.”
He added that only a few assets have managed this transition. He stated clearly, “So far, we’ve had a few that have done it. XRP has done it. And that surprised everybody, right?” These words matter because they come from a veteran strategist with long experience in institutional markets.
IT'S $XRP TIME!!
The interviewer asked, “Did it surprise you?” Novogratz answered, “It did!” His honesty signals a deeper message. Even long-time skeptics now see structural changes around XRP. His surprise reflects a broader institutional reassessment rather than a passing opinion.
How Community Strength Changed Institutional Perception
Novogratz explained the reasons behind his change of view. He mentioned early criticisms about decentralization and infrastructure. He said many believed XRP “was less decentralized” and “not a true blockchain.” Yet he pointed to a crucial factor that reshaped everything.
According to him, “They built a fierce community of people that believed in their narrative and turned it into money. And for them, it’s money!” This statement captures the uncommon power of sustained conviction and long-term adoption.
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Infrastructure and Institutional Rails Are Now Maturing
XRP’s progress is not driven solely by sentiment. The ecosystem has seen major improvements in settlement rails, liquidity access, and institutional services. These upgrades strengthened the asset’s usability across different financial environments.
More institutions now recognize XRP as a functional liquidity tool rather than a speculative token. This development supports Novogratz’s claim that the asset has taken on monetary characteristics.
Catalysts Supporting the Current Momentum
ETF interest, expanding payment corridors, and stronger on-chain liquidity are helping the asset gain a new market identity. These elements create a foundation that encourages institutional participants to reconsider their earlier views. They also shape a market environment where utility matters more than hype or trend cycles.
What This Means for Market Participants
Market analysts now monitor ETF flows, custody integration, and institutional liquidity programs. These indicators indicate whether rising interest rates will translate into sustained demand. For the XRP community, this moment confirms years of effort. For institutional investors, it signals a need to update long-held assumptions.
Levi Rietveld’s post did more than share a quote. It spotlighted a pivotal shift in how a major strategist interprets XRP’s evolution. That’s why many agree the market is ready for XRP to take center stage.