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 notes that using XRP as collateral for institutional credit is a killer use case, enabled by the XLS-65 and XLS-66 lending protocol now live on the XRP Ledger.

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

XRP trades near $1.36 with liquidity around $1.34, and analysts compare current liquidity to August sweeps that preceded a move to $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.

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

Institutional partners are building momentum, with Clearpool originations over $930 million and Cicada Partners underwriting over $860 million, totaling nearly $1.8 billion in ready-to-deploy loans on XRPL.

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

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.

XRPL development: Lending Protocol v1.1 will ship with XRPL version 3.4.0, bringing improvements to Single Asset Vaults; validators confirmed the timeline.

Brian Beck, formerly of Google and PayPal, joins RippleX to lead development relations and ecosystem growth to support practical XRP Ledger applications for developers.

Trading on Binance shows XRP’s largest single-day inflow and outflow in six months on September 11, totaling $91.2 million in inflows and $113.9 million outflows, interpreted as supply reshuffling rather than directional movement.