Ripple wants institutions to borrow against tokenized assets on XRPL
CoinDesk·
60-second summary
Ripple is proposing a new XRPL standard that would enable institutions to borrow against tokenized assets, with the blockchain enforcing loan terms and human credit teams handling underwriting. This standard still requires validator approval to go live. The development could expand lending options for institutions, potentially increasing adoption of tokenized assets on the XRPL.
A proposed XRPL standard would let institutions borrow against tokenized assets, with the blockchain enforcing loan terms while the underwriting stays with human credit teams. It still needs validator approval to go live.