RippleX is pushing to integrate XRP as institutional collateral, utilizing new XRPL lending protocols to allow firms to access liquidity without liquidating their holdings.
XRP could gain a new institutional role as collateral for credit markets, expanding its utility beyond payments.
RippleX Product Head Jazzi Cooper identifies XRP as a key collateral asset for institutional credit markets. The strategy leverages the XRPL's XLS-65 and XLS-66 proposals to enable on-chain lending infrastructure, potentially shifting XRP's utility beyond traditional cross-border payments.
These proposals introduce native lending infrastructure to the XRP Ledger, allowing XRP to function as collateral for institutional credit rather than solely as a vehicle for cross-border payments.