Ripple CEO Brad Garlinghouse has criticized the traditional bond market for its inefficiencies, labeling it as slow and outdated. Speaking on the Crypto in America show, Garlinghouse highlighted the cumbersome process of bond settlement, which often takes days due to multiple intermediaries. He advocated for a shift to blockchain-based systems, specifically the XRP Ledger, which can facilitate real-time settlement by acting as a single source of truth. Garlinghouse emphasized that tokenized bonds on the XRP Ledger could revolutionize fixed-income markets by enabling instant ownership verification and reducing reliance on intermediaries. This transition is supported by regulatory movements, such as the U.S. SEC's endorsement of blockchain tokenization frameworks. The XRP Ledger has already been used in a cross-border redemption of tokenized U.S. Treasuries, showcasing its potential to streamline and simplify bond markets.