Ripple expands institutional use of XRP by adopting XRP as eligible collateral through the XRP Ledger’s XLS-65/66 lending protocol and Ripple Prime, alongside traditional assets like Bitcoin, fiat, gold, and treasuries.

RippleX Executive Jazzi Cooper calls using XRP as collateral for institutional credit a killer use case, enabled by the XLS-65 and XLS-66 lending protocol now live on the XRP Ledger.

Industry commentary notes the use case becomes viable after the lending protocol launch and highlights Ripple Prime accepting XRP as eligible collateral alongside other assets such as Bitcoin, RLUSD, fiat, gold, and treasuries.

The on-chain nature of digital assets enables continuous, flexible cash management, potentially optimizing cash flow and enabling new efficiency in corporate finance.

Disclaimer notes the article is informational and not financial advice.

XRP’s role as a leading digital asset in this shift is tied to its utility in treasury management, though current trading volume details are not specified.

XRP trades near $1.36 with liquidity around $1.34, and analysts note patterns similar to August liquidity moves that preceded a price rise to about $1.62.

Evernorth is projected to hold at least 473 million XRP upon Nasdaq listing, signaling a publicly traded entity focused on XRP value enhancement.

Traders and investors are advised to monitor how Ripple’s insights influence broader corporate use of digital assets and whether treasury strategies incorporating crypto gain traction.

A resurfaced 2018 image shows former Ripple executive Dan Morgan with European Parliament and Commission figures, highlighting Ripple’s long-standing involvement in European regulatory discussions.

Ripple joins a UK collaboration with 54 entities under the Wholesale Digital Markets Champion to promote tokenization, aiming to clarify regulatory, legal, and tax frameworks in the sector.

Overall, the article portrays Ripple’s growing influence in institutional finance, UK regulatory engagement, and ecosystem development around XRP.