This week, Ripple’s influence in the world of institutional finance continued to grow, with XRP being utilized as collateral for institutional loans and securing a partnership in the City of London’s tokenization initiative. Here’s a recap of key developments from the past week.
XRP as Institutional Collateral
XRP is increasingly recognized as collateral for institutional lending, supported by the recent launch of the XLS-65/66 protocol on the XRP Ledger. Ripple Prime now includes XRP among acceptable collateral options, alongside Bitcoin, RLUSD, fiat currencies, gold, and treasuries.
Furthermore, a filing by Charles Schwab on September 8 indicated that XRP ETFs are now being leveraged as repo collateral, with signs of rapid uptake, demonstrating growing institutional confidence in XRP just a year after Ripple’s legal battle with the SEC concluded.
Ripple Partners in UK’s Tokenization Efforts
Ripple has reportedly been selected as one of 54 companies collaborating with the UK’s Wholesale Digital Markets Champion. This partnership aims to enhance the adoption of tokenization and establish clearer guidelines surrounding regulation, legal frameworks, and taxation over the coming year. Ripple has a longstanding relationship in this area, having completed a proof-of-concept with the Bank of England in 2017 and contributing insights into digital asset regulation in the UK. Additionally, the firm received an EMI license and FCA nod in 2026, enabling operations throughout the UK.
A Fresh Face at RippleX
Ripple has appointed Brian Beck, formerly with Google and PayPal, to drive developer relations and ecosystem development at RippleX. He will focus on assisting developers in transforming the XRP Ledger into practical products for everyday business and consumer use.
Evernorth’s Upcoming Nasdaq Listing Includes Significant XRP Holdings
Evernorth is set to hold at least 473 million XRP upon its listing on Nasdaq, marking it as the first publicly traded entity dedicated solely to enhancing the value of XRP.
A 2018 Meeting in Brussels Resurfaces
A recently circulated photograph features former Ripple executive Dan Morgan alongside key European Parliament and European Commission officials at a 2018 meeting in Brussels, where discussions centered on the future of finance. This serves as a reminder of Ripple’s longstanding engagement in European regulatory discussions.
Intensive Trading on Binance
On September 11, XRP experienced its most substantial single-day combined inflow and outflow on Binance in six months, with $91.2 million in and $113.9 million out, while exchange reserves remained stable. Analysts suggest this activity reflects a reshuffling of supply rather than a definitive market trend, as funding rates adjust and liquidations occur on both sides.
Current Price Overview
XRP is currently trading close to $1.36 after testing liquidity around the $1.34 level. Some analysts compare this to trends seen in August when XRP tested liquidity near $1.00 before surging to $1.62.
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