XRPL Surpasses 2.8 Billion Transactions, Attracting Institutional Interest
Recent findings indicate that the XRP Ledger has processed over 2.8 billion transactions without security failures, attracting attention from financial institutions.
Institutional Engagement
- Jasmine Cooper, RippleX Head of Product, cites XRPL's effectiveness as a key factor for institutional interest.
- OpenEden is tokenizing US Treasury bills on XRPL, appealing to investors seeking on-chain financial instruments.
- BlackRock is also pursuing asset tokenization on XRPL, with regulated exchanges like Archax listing these assets.
Real Estate and Blockchain
- XRPL facilitates real estate transactions through tokenization, reducing paperwork and speeding up processes.
- Companies like Propy utilize XRPL to automate property sales, enhancing accessibility in real estate trading.
DeFi Developments
- DeFi on XRPL is expanding with the introduction of Automated Market Makers (AMM), allowing direct asset exchange and liquidity provision.
- RippleX plans to implement an Ethereum Virtual Machine (EVM) sidechain for easier development of Ethereum-based smart contracts.
New Stablecoin Launch
- Ripple introduced RLUSD, a US dollar-backed stablecoin for cross-border payments.
- Regulatory approval for RLUSD is being sought to enhance its appeal to institutional users.
- If adopted widely, RLUSD could drive further usage of XRPL.