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Date: 2025-02-26 13:05:24
Investors focusing on XRP fundamentals now have additional reasons to be optimistic, as a series of upcoming features intend to make the XRP Ledger, the network supporting the token, even more suitable for institutional use.
Over the past 24 hours, XRP's price has risen by 2.2%, surpassing the 1.1% drop in bitcoin following the market turmoil on Tuesday.
Ripple announced in a Tuesday update that the XRP Ledger network will develop further compliance capabilities and broaden lending options, among other features, to enable institutions to comply with regulatory requirements and provide new lending alternatives.
These features include flexible tokens, a lending system, an EVM sidechain, and permissioned settings that take place directly on the decentralized network without the need for intermediaries.
These updates are in addition to existing features on the network, such as clawback – a feature allowing the issuer to reclaim tokens associated with illicit activity – to decentralized identity applications.
Flexible tokens are digital assets representing various items – like bonds or collectibles – and come with added details to enhance their functionality. A new lending tool will enable organizations to borrow and lend directly on the XRP Ledger without the involvement of banks or additional steps. It is designed to be secure and regulatory compliant.
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Permission settings allow companies to establish rules regarding who can access specific features, maintaining privacy and security – helping meet legal requirements and safeguard sensitive financial operations.
Moreover, the launch of an XRPL EVM sidechain, which is planned for the mainnet in the second quarter of 2025, is anticipated to draw more developers to the network.
This development aims to integrate developers from the EVM ecosystem into the XRPL framework by enabling support for protocols that are not feasible on the current XRPL infrastructure. XRP will serve as the primary token for paying transaction fees on this network – including all financial applications.
The Ethereum Virtual Machine (EVM) is a decentralized computing platform that executes smart contracts on the Ethereum blockchain, enabling automated, programmable transactions.
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