Fundamental investors who follow XRP have more reasons to encourage because a set of planned features aims to make the big book XRP, the network that underpins this token, even more attractive for institutional use.
XRP prices increased by 2.2% in the last 24 hours, over-performing a 1.1% drop in bitcoin after Tuesday’s market market.
Ripple said in an update Tuesday that the XRP registry network would create more compliance functions and enlarged loans, among other things, to allow institutions to meet regulatory requirements and offer new loan options.
These include flexible tokens, a loan system, an ECM Sidechain and authorized parameters which take place directly on the decentralized network (without any intermediary).
The updates are added to the already live features on the network, including Clawback – a feature allowing the issuer to recover tokens related to illegal activity – decentralized identity applications.
Flexible tokens are digital elements representing anything – such as obligations or collectibles – and come with additional details to make them more useful. A new loan tool will allow companies to borrow and lend directly to the large XRP book without the need for banks or additional steps. It is designed to be sure and follow the rules.
The authorization parameters can allow companies to define rules on which can use certain features, keeping private and secure things – help respect legal standards and protect sensitive financial activities.
In addition, the publication of an XRPL EVM Sidechain, which is planned for a launch of Mainnet in the second quarter of 2025, should attract more developers in the network.
This development aims to integrate the developers of the EVM ecosystem in the XRPL framework by allowing the management of protocols which are not possible on the existing XRPL infrastructure. XRP will be the main token used to pay the transaction on this network – including all financial applications.
The Ethereum virtual machine (EVM) is a decentralized computer engine that performs smart contracts on Ethereum blockchain, allowing programmable automated transactions.
