Ripple is growing again: what the recent XRP deposit service means for holders

Trusted editorial office content, reviewed by leading industry experts and experienced editors. Advertising Disclosure

XRP Ledger (XRPL) Validator Vet has revealed a recent update that may soon be made available online as Ripple continues to develop. In particular, he highlighted the recent deposit service and its importance for token holders.

XRPL validator sheds airy on recent XRP deposit service as Ripple grows

In Post XThe vet said there could soon be an “XRP deposit on steroids.” He indicated that this feature will connect zero knowledge proof (ZKP) and clever deposits (programmable deposits), which he described as a powerful combination. The XRPL validator further explained that this deposit service will be similar to using off-chain data via Chainlink on ZKP, which the network verifies natively. This will enable token deposits to be triggered by verified off-chain events.

As for what is needed to implement this on Ripple’s XRP ledger, the validator stated that they will need ZKP host features and Astute Escrows. It is worth noting that XRPL has recently been integrated ZK’s native technology, providing on-chain privacy for institutional investors, which network stakeholders have identified as the missing piece for institutional adoption.

Ripple developers also continue to propose recent improvements to boost the popularity of XRP Ledger. This includes updates such as permitted DEX and domains for institutional investors to trade in a regulated environment. Meanwhile, proposed improvements such as native lending protocol to boost the employ of XRP, are being considered.

The vet stressed that these improvements already appear to be paying off. In another Post Xnoted that in all cases, there was a enormous boost in RWA asset issuance on the XRP ledger. The XRPL validator further noted that the network is becoming a stronger distribution platform for asset issuers, with recent XRP integrations on a weekly basis.

Treasury firm XRP highlights 8x boost in tokenized treasury bonds on XRPL

In Post XRipple-backed XRP treasury firm Evernorth revealed that it was tokenized US treasury bonds on XRPL increased from $50 million 12 months ago to $418 million today. This means an 8-fold boost in one year. The company also alluded to the transfer volume as signaling the institutional adoption the network is currently experiencing.

Evernorth stated that the transfer volume from them tokenized US treasury bonds on the XRP Ledger in 2025 was $70 million. Meanwhile, the volume of transfers this year is already $352 million, which is a 5-fold boost year-on-year (y/y), and only four months have passed. As a result, the Ripple-backed company has noticed that more US Treasuries are being tokenized on XRPL and those already on the network are being traded more frequently.

At the time of writing, XRP is trading around $1.36, down more than 2% in the last 24 hours, according to data from CoinMarketCap.

Featured image from Pxfuel, chart from Tradingview.com

Editorial process for bitcoinist is focused on providing thoroughly researched, true and unbiased content. We adhere to demanding sourcing standards, and each page is carefully reviewed by our team of top technology experts and experienced editors. This process ensures the integrity, relevance and value of our content to our readers.