According to analyst Ripple Bull Winkle, Ripple is getting an increasingly bigger foot in the door at major financial institutions. In his latest video, he says one recent development is bigger than all the ETF news in recent months.
Ripple partner gets access to DTCC infrastructure
In its latest analysis, Ripple Bull Winkle takes aim at Hidden Road, an international liquidity provider that already works with Ripple. According to him, the company is now directly connected to the netting infrastructure of the DTCC (Depository Trust & Clearing Corporation). That officially makes Hidden Road part of the most critical settlement system in the United States.
The DTCC processes trillions of dollars in trades in stocks, options and other derivatives every day. “This is the place where the big boys play,” the analyst explains. “And a party that collaborates with Ripple is now in the middle of it.”
XRP is moving closer to the heart of the financial system
According to Bull Winkle, this is not about speculation or marketing. He calls it a ‘structural step’ towards global settlement of transactions, in which XRP could play a role in accelerating money flows between institutions.
He emphasizes that these types of developments have little to do with price hypes or retail traders. “The real work happens behind the scenes and XRP is closer than many people think.”
Market reacts with cautious optimism
The development receives a lot of attention in the community. Analyst Seven Crypto calls it “almost privileged access for XRP” to the world of traditional financial institutions. Many investors expect Ripple to further strengthen its position in institutional networks in the near future.
Increasing signals indicate that digital assets such as XRP are no longer sidelined, but are slowly but surely becoming part of the foundations of the global financial system.
Source: https://newsbit.nl/analist-voor-xrp-gaat-nu-echt-de-deur-naar-wall-street-open/
