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▲ XRP, Wall Street/AI-generated image
As XRP and RLUSD begin to be utilized as collateral assets for institutional fund movements, market attention is focused on Ripple Prime's next steps.
According to U.Today, a cryptocurrency specialized media outlet, on June 24 (local time), Mike Higgins, Global CEO of Ripple Prime, attended the Ripple Quarterly Webinar hosted by Token Relations on June 22 and explained Ripple Prime, RLUSD, and infrastructure strategies for institutions.
In a recent post on X (formerly Twitter), Higgins described the webinar as "a great conversation that covered the overall context of Ripple Prime." He stated that the boundaries between traditional finance and digital assets are disappearing, and that RLUSD and XRP are already being used as collateral.
Higgins explained that institutions demand 24-hour capital mobility, and the infrastructure to support this is already in place. He added, "Much more will come from us this year."
These remarks come as the XRP Ledger and Ripple prepare for the next phase of institutional adoption. The XRP Ledger lending protocol re-audit has been completed by Halborn, and the protocol is a fundamental DeFi element that enables on-chain fixed-term unsecured loans using pooled funds from single asset vaults.
Based on the collaboration between RippleX and Common Prefix, formal verification and security analysis of the XRP Ledger consensus mechanism are also planned. Vet, Community Director of the XRPL Foundation, commented on the recent development trend, stating, "The security and use case development of the XRP Ledger are reaching a very healthy trajectory."
*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*
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