Shares of four U.S. spot XRP ETFs from Grayscale, Canary, Franklin, and Bitwise are being pledged as collateral in repurchase agreements worth nearly $4 billion by a Charles Schwab money market fund. This marks a significant increase in XRP ETF collateral from just $35,973 in April to over $8 million by August 31, reflecting growing institutional acceptance. The collateral is used in short-term lending, not direct ETF purchases, signaling that XRP ETFs are becoming part of mainstream short-term funding markets. This development comes amid regulatory progress for XRP, with a Senate vote on the CLARITY Act and recent SEC recognition of XRP as a commodity, making upcoming filings important to watch.
Ripple Custody has integrated Canton Network support into its institutional platform with version 1.43, enabling customers to manage Canton Coin and CIP-56 tokens alongside other digital assets. This update supports on-premises and hybrid SaaS deploy...
Ripple Custody has launched version 1.43, enabling institutional clients to hold and transfer Canton Coin (CC) and CIP-56 tokens within their existing custody platform. This update uses a bring-your-own-validator model, allowing clients to keep their...
Ripple updated its institutional platform, Ripple Custody 1.43, to support the Canton Network, allowing banks and funds to securely custody Canton Coin and CIP-56 tokens. This move shifts the tokenization market dynamics by dispelling the 'XRP Killer...
Paxos has integrated XRP into its Crypto Brokerage platform, allowing partners to offer XRP trading, custody, deposits, and withdrawals. This move expands the range of assets businesses can provide through Paxos's infrastructure, which already serves...
Flare CEO Hugo Philion argues that Ripple CTO David Schwartz underestimates the lending potential on the XRP Ledger (XRPL). While Ripple's native lending protocol XLS-66 remains stalled, Flare has developed a workaround using Protocol Managed Wallets...
