With a new range of products for the institutional market, Ripple is putting in place the means to trade real-world assets on a 24\/7 basis. The package covers round-the-clock trading and the incorporation of its RLUSD stablecoin in banking, not to mention an effort to accelerate cross-border payments and reward offerings.<\/p>\n
As of October 15th, Ripple Prime gives its institutional clientele the ability to make perpetual swaps on real-world assets at any hour. In a recent CryptoWendyO broadcast, it was noted that this opens up more than 100 markets to institutions, whether in stocks, ETFs, equity indices, or commodities like gold, oil, and metals, as well as currencies. This is how to be a progressive force in institutional trading for real-world assets: by not being confined to the hours of the traditional market.<\/p>\n
Then there is the matter of Ripple\u2019s tie-up with Cross River Bank, a partnership of some consequence. It has seen the bank\u2019s core payment infrastructure become home to Ripple\u2019s RLUSD stablecoin, affording institutional clients smooth treasury transfers and cross-border payments day or night. On the XRP Ledger, RLUSD will settle in a matter of three to five seconds; the stablecoin already has a market cap of about $2.5 billion. The CryptoWendyO channel sees the embedding of RLUSD in the traditional banking world as a step forward for crypto solutions in the institutional sphere.<\/p>\n
Ripple\u2019s hand in building out its ecosystem and the yield to be had from it was put on display when CEO Brad Garlinghouse rang the NASDAQ closing bell for Evernorth, a public firm with a sizable XRP treasury. For its part, Evernorth is putting together new XRP investment and reward products in order to enhance the token and drive adoption.<\/p>\n
All told, the suite of institutional offerings from Ripple \u2013 payments, derivatives, prime brokerage, and rewards \u2013 are centered on Ripple, XRP, and RLUSD. One could take these moves as evidence of what the company wants: to be at the heart of real-world asset trading for institutions and to connect blockchain with traditional finance, as was discussed in the latest CryptoWendyO episode.<\/p>\n
Every call by CryptoWendyO and how it played out \u2014 in the BuyCrypt bloggers tracker<\/a>.<\/em><\/p>\n Source \u2014 CryptoWendyO: https:\/\/www.youtube.com\/watch?v=aqzmHtBs3jI<\/a><\/em><\/p>\n <\/p>\n Explore how our prop firm offers funded accounts and on-chain payouts to support advanced institutional trading strategies. institutional trading solutions<\/a>.<\/p>\n <\/p>\n