Wednesday’s XRP Ledger upgrade to switch on institutional lending
Get ready for an all-new XRP Ledger upgrade that will enable on-chain lending and asset vaults for institutions.
Why is nobody in the XRP Community talking about Wednesday’s XRP Ledger upgrade?
Tomorrow, the XRP Ledger activates an upgrade that will finally allow institutions to safely conduct on-chain lending and asset vault custody.
XRPL update 3.1.3 is already upvoted by 100% of dUNL validators and queued for mainnet by 12:04am Wednesday.
This update finishes the bookkeeping requirements for on-chain asset vaults and the XRP Ledger’s native on-chain Lending Protocol.
On Wednesday, even more features of the XRP Ledger become safe enough for serious money.
XRP has always pitched institutional payments. Move dollars from Singapore to São Paulo in three seconds instead of three days. Beautiful. But payments are a flow business.
Yield and bond management, collateral business, the tokenized Treasuries business, those run on something else. They run on vaults that hold one asset, account for it cleanly, and lend against it with rules baked into the protocol.
That is what the May 27 activation finishes. I could not be more excited for this upgrade.
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