Ripple President Longs Breaks Down Why New Investments Are Response to Bank Pivot Toward XRP Ledger

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Aug 04

Ripple President Monica Long commented on the company's new investments in the ZILO and Licuido platforms, calling the deal a response to the banking sector's fundamental shift toward blockchain. In ...

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The Central Bank of Ireland's approval of the project served as a key trigger for expanding the ecosystem and legitimizing traditional capital on a public ledger.State of XRP Ledger RWA market, Source: RWA.xyzLong's statement about capital moving into a 24/7 on-chain environment builds directly on this regulatory precedent. This is supported by an influx of new participants into the network's RWA segment, where the number of token holders increased by nearly 24%, demonstrating genuine interest in Ripple's technology stack.The entire infrastructure deployment strategy, outlined by the Ripple president, is being implemented across a foundation already prepared by major commodity-backed and sovereign funds. The ledger already hosts the British JMWH token, valued at more than $2.22 billion, and Ondo's $212.51 million U.S. Treasury fund, OUSG.The Ripple president's response to the agreements with ZILO and Licuido effectively summarizes the formation of a multilayered market within the XRPL. The network now combines stablecoins, commodities, and more than $650 million worth of credit products from Spain to Brazil and beyond within a single 24/7 system.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}