Odaily News Ripple Labs released a new round of development plans for XRP Ledger on February 25. The plan is mainly aimed at traditional financial institutions and aims to provide compliant blockchain solutions for regulated institutions such as banks. Specifically, it includes: launching a licensed DEX, credit lending protocols and new token standards.
Despite the recent surge in XRP prices, its on-chain activity is still far lower than that of competitors such as Ethereum. Ripple hopes to attract more financial institutions to participate by introducing new businesses such as real-world asset tokenization, thereby accelerating the development of the network.
Several asset management companies have applied to list XRP ETFs in the United States, which may bring new growth momentum to XRP. (Cointelegraph)