In a recent Wall Street Journal piece, Ripple has been lauded for the forceful way it is making inroads into traditional finance via swap financing and ETFs. The outlet’s coverage of Ripple highlights the company’s progress in the mainstream financial arena; its work on leveraged ETF swap financing is seen as an opportunistic move in territory that was once the preserve of the big banks.
Wall Street Journal Praise and Ripple’s Financial Expansion
Ripple is also able to put XRP trading within easy reach of fintechs and banks with the backing of Paxos Crypto Brokerage. Then there is the matter of Hidden Road: the $1.2 to $1.5 billion acquisition has been instrumental in bringing Ripple’s services and technology to the old guard of financial systems.
That a publication of the WSJ’s standing should take notice is testament to the influence Ripple is gaining in regulated circles. CryptoWendyO argues that such validation from the mainstream does more than add to Ripple’s own bona fides; it lends credibility to the crypto industry at large.
ETF Flows and Institutional Adoption of XRP
Institutional investors are showing an interest in XRP, with the 1.7 billion XRP that XRP ETFs have on their books being a case in point. Demand for such products has been steady and speaks to a desire for regulated crypto exposure even if inflows are not what they once were. Ripple has made itself the partner of choice for big institutions through its emphasis on compliance and how well it integrates with the established financial order.
The company’s ecosystem is expanding. Take the RLUSD stablecoin, for instance; developed on the XRPL as well as Ethereum, its dual-chain approach is meant to be interoperable with the financial rails already in place so institutions can more readily connect their fiat and crypto activities.
Paxos Integration and Growing Institutional Access
With the latest addition of XRP to its platform, Paxos Crypto Brokerage has achieved a notable milestone for Ripple and digital assets in general. Banks and fintech operations can now offer XRP for trading; there is no requirement to build out crypto infrastructure of their own, which makes entering the digital asset market much easier.
Then there is the matter of Ripple’s custody services being made accessible on Canton, the tokenized securities platform. Institutions are thus able to securely hold and move CIP56 tokens or Canton coins, another way in which Ripple is making its mark on the changing face of digital finance.
Every call by CryptoWendyO and how it played out — in the BuyCrypt bloggers tracker.
Source — CryptoWendyO: https://www.youtube.com/watch?v=MbRUx0SojtE
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