XRP under the microscope of Wall Street and large companies, Flare reports

XRP and the XRP Ledger (XRPL) are getting more and more attention from the business and institutional world. Flare Network states that both Wall Street and large companies are now closely monitoring XRP. This increased interest is due to new applications and relaxation of regulations.

Digital shares on the blockchain

The developments in recent weeks seem to be in any case pointing in that direction. Both public and private organizations take steps to apply the XRP Ledger in traditional financial systems.

In May a report from the World Economic Forum was published in which it was explicitly mentioned that the XRP Ledger now supports 1 billion dollars in private equity tokenization.

With private equity tokenization, ownership rights in non-listed companies are converted into digital tokens. Due to the speed and scalability of the XRP Ledger, this approach is becoming increasingly attractive for investors.

Shortly thereafter, the Dubai Land Department announced that the XRP is using as the basis for a new real estate tokenization project in the Middle East.

Institutional adoption takes shape

Also in the United States there are new steps around the use of XRP. Ault Capital Group, a subsidiary of a listed company, announced a loan platform that runs on XRP and focuses on other American companies at the end of May. In the meantime, four companies announced that they were added XRP to their business reserves: Ault Capital, Vivopower, Webus International and yesterday Trident Digital Tech.

The latter wants to raise no less than $ 500 million to put in XRP and at the same time a “depth integration” with the Ripple ecosystem.

Moreover, it became clear on 11 June that Ondo Finance is going to release US government bonds in digital form on the XRP Ledger. These are linked to BlackRock’s USD Institutional Digital Liquuidity Fund and short -term US government bonds.

Ripple’s own Stablecoin, RLUSD, plays a central role in this. Thanks to the built-in KYC and compliance options of the XRPL, companies can use these financial products in a regulated manner.