XRP and DEFI: Road map that says everything

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Ripple presented the next phase of its road map Book XRP (XRPL) in relation to institutional def. The road map is focused on tokenization, privacy and native loans and plans to introduce more stableleins on the network, which is positive for the usability of XRP.

Ripple reveals the latest road map for institutional DEFI on the book

IN Blog postRipple noticed that tokenization remains the main factor enabling the institutional strategy of Ledger XRP. Therefore, there are plans to introduce Multifunctional Token (MPT) Standard until October on the web. The cryptographic company explained that these MPT are a elastic token standard that can transfer the necessary metadata without relying on sophisticated bright contracts.

In relation to the institutional DEFI in the Book of XRP, Ripple noticed that MPT enables the assets of bond issuers, money market fundsand structured products that are to be faithfully represented and traded natively on the web. The cryptocurrency company also revealed that the next phase will enable MPT integration with Dex for straightforward trade, AMM liquidity pools and payments between tokens.

In addition, Ripple also plans to introduce Native Loan Protocol on the book he described as “the most important a few mile”. The loan protocol is to stay live in XRPL version 3.0.0 this year. The cryptographic company said that the report introduces collective loans and guaranteed loans directly at the book level.

Ripple noticed that the charm of the native protocol of loans on the book is clear to the institution. The company claimed that no financial institution would reduce economical capital if it can be obtained KYC/AML standards.

The protocol will bring liquidity from the global database of smaller investors to institutional loans while maintaining compliance. For loan managers, this will be an opportunity to satisfy the growing demand for liquidity from Tradfi by using the growing cryptographic liquidity, especially in the book of XRP.

Pushing programmable privacy

Ripple revealed that one of the next main improvements of the Book of XRP is Programmable privacy. The company noticed that in the case of financial institutions, full transparency does not always work, but that privacy functions must continue to meet the standards of compliance and control capabilities. It is said that the first privacy -oriented application, confidential MPTS, is already in development and is to be launched in the first quarter of next year.

These confidential MPT will support the management of the privacy that Ripple noticed is the key requirement of institutional acceptance Tokenized finance. As a whole, a cryptographic company indicated that the goal is to introduce more Stablecouins, RWA, loans, tooling compliance and privacy directly at the level of global protocol. Meanwhile, Ripple stated that over the past year the book broke into the 10 best chains for RWAS and reached its first $ 1 billion in Stablecoin.

At the time of writing this text, the price of XRP is around USD 2.84, in the last 24 hours, according to data with coinmarketcap.

XRP
Trade XRP each $ 2.87 on the 1D chart | Source: XRPUSDT ON Tradingview.com

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