Artificial intelligence (AI) has been the predominant investing theme ever since Nvidia (NVDA) released that monstrous beat in its fiscal first-quarter 2024 earnings report in May 2023. Since then, the market, particularly tech companies, has been divided into two halves. The first are companies that are seen as net AI winners and saw their valuations soar. Nvidia was the flagbearer of this trade until a few months back, and its market cap soared to over $5 trillion. The Jensen Huang-led company became the world’s most valuable company in the process, something not many envisioned — at least not so soon — before AI really took off.

At the other end are companies perceived to be net losers from AI. These include software companies and IT services firms relying on “man-hour” models. Basically, these are companies whose very business model is at risk as AI models automate many tasks.

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Meanwhile, “AI-pocalypse” fears have eased, and names like Accenture (ACN) and Adobe (ADBE) have rebounded from their 2026 lows. However, Adobe has fallen nearly 15% from the highs hit earlier this month. In my previous article, I noted that it would be prudent to take profits off the table after the sharp rally in ADBE stock. With the stock now coming off those highs, let’s explore why it is a “Buy” now, particularly amid the chatter around pausing advanced AI development.

Advanced AI Pause

To begin with, I believe it is highly unlikely that U.S. companies would pause advanced AI development. First, there is mutual distrust between the various companies building AI, and given how important the technology could become in the years ahead, there would always be suspicions of companies secretly working on advanced models. Moreover, U.S. AI companies are also competing with Chinese companies, which are often accused of copying U.S. technology. Think of it this way: despite various treaties, the U.S. and the former Soviet Union secretly continued to work on nuclear weapons during the Cold War. We now have a new cold war/tech war between the U.S. and China, and neither would want to lag in advanced AI buildout.

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Adobe Stock Has Come Off Its Highs

Coming back to ADBE, it fell after its fiscal Q3 2026 earnings report earlier this month, despite a “beat and raise” quarter. The company beat on both the top and the bottom line and raised its revenue guidance. However, adjusted for the Q3 beat, Adobe actually lowered the annual guidance, which the company attributed to forex headwinds in the current quarter.

Digging deeper into the earnings, Adobe’s remaining performance obligations (RPOs) grew 8% year-over-year in the quarter, which was the first time since fiscal 2023 that the metric grew in single digits. Adobe’s annualized recurring revenue growth is also slowing down, and the company expects it to rise 10.2% in the current fiscal year. The company is pivoting to a freemium model and expects this to weigh on ARR growth in the short term. The ARR of the AI business is growing fast, though, and it rose 150% in fiscal Q3. However, at $650 million, it is a tiny fraction of Adobe’s consolidated ARR of $27.5 billion.

ADBE Gets a New CEO

Adobe also announced that Anil Chakravarthy would become the next CEO effective December 1. He would take the baton from long-time CEO Shantanu Narayen, who announced his departure during the fiscal Q1 earnings call. Meanwhile, Chakravarthy’s selection was perplexing for at least a section of the market. In his note, Jefferies analyst Brent Thill said that company veteran David Wadhwani, who was the President of Adobe’s global Creativity & Productivity business, was seen as “the rational choice.” Meanwhile, Wadhwani announced his departure on the same day that Adobe announced Chakravarti as the next CEO. Jefferies expects further organizational changes as “Anil reshapes the organization.”

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Adobe has seen a lot of churn in top leadership and is currently headhunting a new CFO after Dan Durn departed the company to join Marvell Technologies (MRVL).

While Chakravarthy has yet to outline plans to steer the company amid the AI disruption, many observers believe an external hire with deeper knowledge of the AI domain would have been a better choice.

ADBE Stock Forecast

While most analysts have raised Adobe’s target price this month following the Q3 conference call, Jefferies and JPMorgan Chase lowered their respective target prices. Overall, of the 38 analysts polled by Barchart, 23 rate ADBE as a “Hold” while nine rate it as a “Buy” or equivalent. The remaining six rate Adobe as a “Sell,” and its mean target price of $269.70 is just about 7.6% higher than current prices.

Should You Buy Adobe Stock?

After the recent correction, Adobe’s valuation has come down, and it trades at around 11x the $22.64 earnings per share (EPS) analysts expect it to post next fiscal year. The price-to-earnings (P/E)-to-growth multiple has also fallen below 1x. I find the valuations reasonable here, and the risk-reward has started to look a lot more favorable versus when I last covered the stock. While “AI pause” talks might not go much further, I see ADBE as a “Buy” at these levels.

On the date of publication, Mohit Oberoi had a position in: NVDA. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com

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In 1996, these were the S&P 500‘s (SNPINDEX: ^GSPC) largest holdings by market cap:

1. Coca-Cola: $130.6 billion

2. ExxonMobil: $121.7 billion

3. Intel: $107.6 billion

4. Microsoft: $99.4 billion

5. General Electric: $97.4 billion

6. Merck: $86.4 billion

7. International Business Machines: $73.5 billion

8. Procter & Gamble: $72.5 billion

9. Johnson & Johnson: $66.3 billion

10. Walmart: $52.2 billion

30 years later, all of these companies remain well-known names in the current economy. But it’s fair to say that they don’t at all resemble what the index looks like today. Microsoft is the only “Magnificent 7” stock still in the Top 10. Apple was in the midst of a corporate crisis until Steve Jobs eventually returned to the company. Nvidia, Amazon, Meta Platforms, Alphabet, and Tesla weren’t even publicly traded companies (or didn’t exist) back then.

Missed AI’s “Act 1”? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn’t buy Nvidia in 2005. But according to our analysts, we’re only at the end of “Act 1″—the R&D phase. “Act 2” is the global rollout. Continue »

Economies evolve over time, sometimes significantly. When investing for the long term, you can try to pick stocks that will survive and thrive. Or you can buy an ETF that tracks the economy and provides broad exposure. That’s why the Vanguard Total Stock Market ETF (NYSEMKT: VTI) is my choice for a core holding for a multidecade portfolio.

VTI doesn’t need to pick the next big winners

Since 1958, the S&P 500 has returned an average of 11% per year. But as demonstrated just now, it’s a rapidly changing group of stocks that is driving those returns over the year.

That’s what makes the Vanguard Total Stock Market ETF so compelling. It doesn’t need to try to identify and pick individual winners. It will increase its exposure to them naturally over time as the market caps of these companies grow.

If you had owned the S&P 500’s top 10 holdings in 1996 and held them for the next 30 years, you probably would have still done fairly well. But you would have missed out on the emerging tech names that grew to dominate the market and economy over that time.

Plus, the Vanguard Total Stock Market ETF owns the smaller companies that often turn into bigger companies down the road. By investing in the S&P 500, you limit yourself to just the large companies that have already established themselves. Adding small-cap and mid-caps to the mix potentially gets you in earlier on the next decade’s leaders.

That’s why I’d own this ETF and have it act as the core of my portfolio over the next several decades. Its diversification, low cost, and ability to change over time make it an ideal long-term holding.

Should you buy stock in Vanguard Morningstar Total Stock Market ETF right now?

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Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation, you’d have $406,141!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $1,347,745!*

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David Dierking has positions in Apple and Vanguard Morningstar Total Stock Market ETF. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, GE Aerospace, Intel, International Business Machines, Merck, Meta Platforms, Microsoft, Nvidia, Tesla, and Walmart. The Motley Fool recommends Johnson & Johnson. The Motley Fool has a disclosure policy.

The S&P 500 Has Returned About 11% Annually Since 1958. Here’s the ETF I’d Trust for the Next 30 Years. was originally published by The Motley Fool

Grayscale’s Zcash ETF is set to undergo a 3-for-1 forward share split, according to a filing submitted with the U.S. Securities and Exchange Commission. The change is scheduled to take effect after the market close on Sept. 28, with shareholders set to receive two additional shares for every share they hold.

In a press release cited in the ETF filing, Grayscale said the forward split is designed to reduce the price per share while increasing the total number of shares outstanding in equal proportion—leaving the value of an investment unchanged in theory.

Key takeaways

• Grayscale’s Zcash ETF (ZCSH) plans a 3-for-1 forward split effective after the Sept. 28 market close.
• Shareholders receive two extra shares per held share; the filing describes the change as proportionate, not value-accretive.
• Grayscale expects the lower per-share price to improve accessibility, referencing that the unit price had become “too high.”
• The move comes as Zcash’s broader market momentum has been strong over the past year, with the token up about 2,800% in that period, according to the ETF materials.

What the 3-for-1 split means for ZCSH holders

The SEC filing describes the mechanism clearly: at the close of trading on Sept. 28, shareholders will receive two additional shares for each share they own. Grayscale’s included explanation—referenced in the filing—frames the result as a straightforward arithmetic adjustment rather than a change in underlying value.

For example, the materials illustrate that an investor holding 10 shares valued at $300 each—totaling $3,000—would own 30 shares priced at $100 each after the split, with the portfolio’s total value remaining the same.

The practical effect for investors is largely operational. Shares typically trade at a lower nominal price after such events, which can influence how the product is perceived and how easily some investors can size positions. However, the split does not inherently alter the ETF’s exposure to its underlying asset.

Why Grayscale is lowering the per-share price

Grayscale said the forward split is expected to “decrease the price per share” of the fund while increasing the share count proportionately. The ETF’s materials connect this to accessibility concerns, noting that Zcash’s token has risen sharply over the past year and that the per-unit price had become considered too high.

According to the filing-related press release, ZEC has increased by about 2,800% over the last year, and that surge helped push the ETF unit price to a level Grayscale deemed less convenient for potential investors. The split is therefore positioned as a way to make the ETF easier to buy and track in everyday terms.

For traders, these changes often matter most around implementation, including how order sizes and price targets are recalibrated. For longer-term investors, the key question is whether sentiment and liquidity improve as the share price becomes more “consumer-friendly,” even though the economics should remain proportionate.

Broader Zcash market momentum and ETF spotlight

While the share split is a structural adjustment inside the ETF wrapper, the timing also lands amid renewed attention on Zcash itself. Cointelegraph previously reported that Zcash had gained about 20% over a 24-hour period after Paradigm co-founder Matt Huang disclosed an unspecified purchase of ZEC.

In that coverage, Huang characterized Zcash as a “private complement to Bitcoin” and discussed the importance of long-term funding for the project, particularly as AI-driven cyber capabilities and quantum computing advance. Earlier coverage also linked Zcash’s performance to the visibility of privacy-focused assets in a market that remains sensitive to both regulation and technological narratives.

The Block reported that ZEC climbed as high as $1,521 early Friday, which would have been viewed as an effective new all-time high for the token before retreating slightly. That context matters for ETF holders and prospective investors: when the underlying asset experiences volatility and headline-driven flows, structural moves like share splits can draw additional attention to the vehicle, even if the split itself is not a market catalyst.

What investors should watch next

The most immediate checkpoint is the Sept. 28 record date tied to the forward split, since the share ratio will take effect after the market close. After that, investors should monitor how ZCSH trades relative to its adjusted share price—especially how liquidity and bid-ask spreads behave around the split window.

More broadly, the sustained relevance of ZCSH will likely track Zcash’s next fundamental and technical developments, alongside market demand for privacy-oriented assets. Even with the per-share price coming down, the underlying question for investors remains unchanged: whether the ETF continues to attract steady inflows as ZEC’s volatility and narrative momentum evolve.

Related references: Grayscale’s SEC filing includes details of the forward split (SEC EDGAR: zcsh-ex99_1.htm), and Cointelegraph previously reported on Zcash’s short-term price action and Matt Huang’s disclosure of a ZEC purchase (Cointelegraph coverage).

Hong Kong has jailed former China Construction Bank (Asia) relationship manager Lam Chun-yin for four years after he admitted accepting more than $470,000 in Tether to authenticate false bank instruments carrying a stated value above $1.6 billion.

The Independent Commission Against Corruption said on Sept. 18 that District Court Judge Ernest Lin Kam-hung sentenced the 32-year-old after his guilty plea to one count of conspiracy for an agent to accept advantages under Hong Kong’s Prevention of Bribery Ordinance and Crimes Ordinance.

The court ordered Lam to repay approximately HK$3.7 million to CCB (Asia), an amount equal to the bribes identified in the case. ICAC said the judge started from a six-year prison term and reduced it by one-third because Lam pleaded guilty, leaving a four-year sentence after finding no exceptional reason for another reduction.

Kalshi has filed with the SEC and CFTC on September 18 to list U.S. stock and ETF-linked perpetual futures, proposing 23-hour weekday trading and a 15.50% minimum customer margin.

The SEC filing says the contracts would have no preset expiration date and would be treated as security futures products, while the CFTC has not approved Kalshi’s proposal. The regulator’s public product database still listed Kalshi’s equity perpetual submissions as “Approval Pending (45)” on September 20.

Kalshi’s proposed Rule 14.11 sets trading from 6:00 p.m. ET on Sunday through 5:00 p.m. ET on Friday, with a daily maintenance window from 5:00 p.m. to 6:00 p.m. ET. The SEC notice says trading would stop during required regulatory halts affecting the underlying security, while Kalshi could set different hours for a particular contract when its rules permit.

The same SEC filing says the perpetual security futures would settle in cash. Funding payments would be exchanged at the daily settlement time, normally 4:00 p.m. ET when the regular U.S. equity session closes. Kalshi’s rule text sets a 0.002% deadband for small pricing differences and a maximum funding magnitude of 2.00%, while its customer-margin rule requires at least 15.50% of the current market value of each position.

Kalshi Klear would clear every perpetual security-futures transaction under the proposal, according to the SEC filing. The rule text uses a standard contract unit equal to 100 shares of the underlying security, although trading can use smaller permitted units under Kalshi’s specifications.

CFTC records now list separate Kalshi submissions for AAPL, TSLA, MSFT, NVDA, AMZN, SPY and QQQ perpetuals, among other equity-linked contracts filed September 18. Each of those records remained in “Approval Pending (45)” status when checked September 20, so none of the listed stock or fund perpetuals has CFTC clearance yet.

CFTC approval and a November 2 date remain ahead

Kalshi’s SEC filing states that the proposed rule change “will become effective on November 2, 2026, or such later date” as CFTC regulations permit. The SEC’s rulemaking page says public comments are due 21 days after publication in the Federal Register, but the agency had not posted a fixed comment deadline on its page as of September 20.

The SEC separately acknowledged Kalshi’s Form 1-N registration on September 8, allowing the CFTC-designated contract market to notice-register as a national securities exchange for the limited purpose of security futures. The September 18 filing supplies the product rules Kalshi wants to use for perpetual security futures, while CFTC approval remains a separate condition.

Kalshi’s proposed listing standards restrict which securities can serve as underliers. The SEC filing requires an estimated deliverable supply above 20 million shares, market capitalization of at least $100 billion and average daily transaction value of at least $450 million over the prior six months. A security listed for less than six months would need at least $1 billion in average daily transaction value over the prior month, while the rules separately require public float of at least 7 million shares.

The SEC filing gives the Commission another control after effectiveness. It says the SEC, after consulting with the CFTC, may summarily abrogate the rule change within 60 days of its effective date and require Kalshi to refile it under a different Exchange Act process.

Coinbase and Bitnomial filed competing stock-perpetual plans

SEC records show Coinbase Derivatives filed its own security-futures rule change on September 18, the same day as Kalshi. The CFTC database lists Coinbase’s “Single Stock Perpetual Futures Contract” as “Approval Pending (45),” while the SEC filing states that the CFTC had not yet approved Coinbase’s proposal.

As crypto.news reported in its Coinbase stock-perpetual filing coverage, Coinbase had already filed notice registrations earlier in September before submitting the product proposal. The SEC’s September 18 notice covers cash-settled futures on individual equities and exchange-traded fund shares, including perpetual single-stock futures.

Bitnomial Exchange filed a separate SEC proposal on September 18 covering security-futures listing standards, customer margin and related rules. CFTC records show 10 Bitnomial stock perpetual submissions in pending status, including AAPL, MSFT, NVDA, TSLA, AMZN, AVGO, MU, GOOGL and PLTR contracts.

Bitnomial’s SEC filing proposes a 24/5 weekly session from Sunday evening through Friday and a 15.25% minimum initial and maintenance customer-margin floor. The same filing says one standard contract represents 100 shares, funding would be calculated three times daily, and the exchange would halt a stock perpetual whenever the primary listing exchange halts the underlying security.

In related coverage, crypto.news reported that Payward planned to use Bitnomial’s regulated infrastructure for U.S. perpetual products, subject to regulatory approval. The company’s September plan named Bitnomial Exchange and Bitnomial Clearinghouse as the regulated entities handling listing, clearing and settlement.

Kalshi’s Bitcoin perp approval faces a separate court challenge

The CFTC approved Kalshi’s BTCPERP contract on May 29 after reviewing it as a futures contract tied to Bitcoin’s spot price. In its approval release, the Commission cautioned that perpetual contract design “may not be suitable for all asset classes” and encouraged exchanges to seek Commission review for perpetuals referencing assets outside the Bitcoin order.

Kalshi launched its CFTC-approved Bitcoin perpetual contract in early June. Kalshi has since listed other crypto and precious-metals perpetual products, while the September stock filings use the joint SEC-CFTC security-futures process because their underliers are securities. Kalshi Bitcoin perpetual launch coverage

A separate federal case remains pending over the CFTC’s Bitcoin perpetual decision. The docket in Chicago Mercantile Exchange Inc. v. Selig shows CME sued the CFTC and Chairman Michael Selig on June 18, arguing that the May 29 Bitcoin order and related perpetual-contract policy should be vacated. The lawsuit concerns the classification of the Bitcoin perpetual and the CFTC policy statement; it does not constitute a ruling on Kalshi’s September 18 stock-perpetual applications.

The federal docket shows the CFTC moved to dismiss the case on September 2, and no merits ruling had been issued by the latest docket update reviewed. Judge Colleen Kollar-Kotelly’s September 8 schedule gives CME until October 2 to respond, sets an October 16 reply deadline, requires discovery by November 13 and sets cross-motions for November 20, with later amicus and response deadlines in December.

No matter how motivated a concussed individual is to achieve recovery, they rarely have the capacity to follow the treatment regimen, which involves drastic lifestyle changes affecting their daily screen exposure, shifting circadian rhythms, intellectual stimulation, and the cognitive demands of school or work. The intriguing and undeniable result was a patient who recovered more swiftly and with fewer complications or setbacks when compared with their independent counterparts. The helicopter parent  actively reinforces the details, effectively guiding an incremental and purposeful exposure to stimuli. The parent also validates the recovery process as an active coach, facilitating and motivating the path ahead.

Concussion recovery is best accomplished using a systematic and methodical approach. Each advancement toward complete recovery is closely calibrated whether it be bedtime, the number of minutes of breaks between screen exposure, or even the heart rate at which the first cardiovascular exercise is attempted. A helicopter parent can be taught and also encouraged by their child’s doctor to maintain strict sleep and waking schedules, specific protein-based meals, drastically reduce screen time, supervising exercise, and with a constant willingness to adjust specific circumstances of exposure to monitor recovery. 

XRP Ledger’s Batch V1.1 has remained above its required validator threshold as Ripple says asset managers and commercial projects are preparing to use the transaction feature if it activates later this month.

CoinDesk reported on September 19 that RippleX head of engineering Ayo Akinyele said work involving asset managers is being prepared around Batch V1.1, which can package up to eight transactions into a single Batch operation. Ripple has not publicly named the asset managers or disclosed firm launch dates.

Live amendment data reviewed on September 20 showed 30 of 35 tracked trusted validators supporting Batch V1.1. The XRP Ledger requires at least 80% support to be maintained for 14 consecutive days before an amendment activates, putting the current threshold at 28 votes. The countdown began on September 15 at 14:06:41 UTC and points to possible activation shortly after the same time on September 29 if support holds.

XRP Ledger Batch V1.1 can tie settlement legs together

The XLS-56 specification defines Batch as a transaction that packages between two and eight inner transactions. It supports four processing modes: All or Nothing, Only One, Until Failure and Independent. The All or Nothing setting requires the complete group to execute successfully or prevents the batch from taking effect.

Ripple is focusing part of the commercial discussion on delivery-versus-payment, or DvP. In such a transaction, an asset transfer and its payment can be placed within the same atomic operation. A failed payment would prevent the linked asset transfer from completing under the all-or-nothing setting.

Akinyele told CoinDesk that “We’ll be sharing more once the feature is live, including work with key asset managers.” Ripple has not identified those firms, so the statement remains a company description of work that has not yet been publicly documented through named partner announcements.

The XLS-56 specification lists trustless multi-account swaps, platform fees and flash-loan structures among potential uses. A marketplace or wallet could, for example, package a customer payment with a service charge instead of requiring separate transactions, while different accounts can authorize individual legs of the same Batch.

Akinyele said “some projects are already being built with Batch in mind,” but partner identities and production schedules remain undisclosed. Ripple said details would follow after plans are finalized.

Validator support keeps the September 29 window open

As of the latest September 20 reading, Batch V1.1 had 30 supporting votes among 35 validators tracked by XRPLDashboard, equal to roughly 85%. Support therefore remained above the 28-vote threshold required to continue the activation window.

The projected September 29 date is conditional. XRPL amendments do not activate simply because they cross 80% once. Validators must maintain the supermajority for the complete 14-day period, and validators can change their votes while the clock is running. If support falls below the required level, the current window stops and another uninterrupted period would be required after the threshold is recovered.

The latest count extends a rapid rise in support this month. Batch V1.1 then had 24 of 35 validator votes, or 68.57%, leaving it below the activation threshold. Support had increased to 27 votes by September 15, before enough validators backed the amendment to start the countdown.

The amendment itself shipped with xrpld version 3.3.0 on August 6. Official XRP Ledger release notes describe Batch V1.1 as the replacement for the original Batch amendment and state that it supports up to eight inner transactions, including atomic-swap structures.

Since then, the XRP Ledger Foundation has released xrpld 3.4.0. The September 16 software release introduces separate lending and cleanup amendments and does not replace Batch V1.1, which remains in its own mainnet voting process. Server operators were advised to upgrade to version 3.4.0 for service continuity.

Batch V1.1 followed a critical flaw in the first version

The current amendment arrived after developers stopped the original Batch proposal in February. XRPL’s official vulnerability disclosure says security researcher Pranamya Keshkamat and Cantina AI’s Apex tool identified a critical signature-validation flaw on February 19.

Under specific conditions, the vulnerable code could stop checking Batch signers after encountering a newly created account. XRPL Labs said an attacker could then have included an unauthorized transaction from another account without possessing that account owner’s private keys. Potential transactions could have included payments and certain ledger-state changes.

The flaw never became active on XRP Ledger mainnet. The original amendment was still in its voting stage, and XRPL Labs said no funds were at risk. Validators were advised to vote against it, while rippled version 3.1.1, released February 23, made Batch and fixBatchInnerSigs unsupported so they could not activate.

Developers then changed the signing and authorization logic for the replacement. The vulnerability report said the remediation removed the premature success condition, added authorization safeguards and tightened signature-checking rules. Batch V1.1 was later incorporated into xrpld 3.3.0 after development and review.

Security work continued before the current validator vote. As crypto.news reported in its Batch V1.1 security review coverage, developers fixed another 11 issues involving signatures, authorization checks and possible server crashes before the amendment reached its present voting stage.

Akinyele told CoinDesk that the review included internal adversarial testing, AI-assisted analysis, a Sherlock security contest and assessments involving Halborn and Common Prefix. CoinDesk attributed those details to RippleX; public partner reports covering every part of that review were not included in the material reviewed for this report.

The XRPL developer ecosystem made supporting changes as the signing design evolved. A June issue in the official xrpl.js repository documented that older Batch signing logic did not match Batch V1.1’s revised format because additional account and sequence information had been bound to signatures. The JavaScript binary-codec release history states that Batch V1.1 signing support was added in version 2.9.0 in August.

Asset managers are testing more tokenized settlement on XRPL

Ripple’s comments on Batch arrive as financial firms and developers are using XRP Ledger infrastructure for tokenized assets and institutional settlement projects. In June, JPMorgan, Mastercard, Ondo Finance and Ripple participated in a tokenized U.S. Treasury redemption test using the XRP Ledger.

Ripple President Monica Long said in August that financial institutions were moving some tokenized-asset work from pilot programs toward production. Crypto.news reported on Ripple’s institutional tokenization projects that Aviva Investors had launched a tokenized fund share class on XRPL in July and that Ripple viewed RLUSD as a possible cash leg for atomic delivery-versus-payment settlement.

Onchain asset activity has grown alongside that development. Another crypto.news review of XRP Ledger RWA data reported in July that the network had added roughly $2.6 billion in tokenized real-world asset value over six months, excluding stablecoins, based on RWA.xyz figures. The same report cautioned that represented asset value and actively distributed assets were materially different measures.

Batch V1.1 itself does not require asset managers to use XRP as the asset being transferred. The feature operates at the transaction layer and can package supported XRPL transactions from different accounts. XRP remains relevant for ledger transaction fees, while the underlying transactions can involve other supported assets and token structures.

The next procedural event is the end of the current amendment window. XRPLDashboard projects Batch V1.1 activation for September 29 at approximately 14:06:41 UTC if at least 80% validator backing remains uninterrupted through the full countdown. The latest published tally on September 20 remained 30 votes in favor out of 35 tracked validators.