Basic investors who track XRP have more reason to cheer as a planned set of features aimed at making the XRP headbook, where the network supports this token, even more appealing to institutional use.
The XRP prices have risen by 2.2% over the last 24 hours, which surpasses a 1.1% decrease in Bitcoin after Tuesday’s market red.
Ripple said in a Tuesday update that the XRP Ledger network will build up more compliance functions and expanded lending among other functions to allow institutions to meet regulatory requirements and offer new lending options.
These include flexible tokens, a lending system, an EVM sidekin and permitted settings that take place directly on the decentralized network (without any intermediaries).
In addition to features that are already live on the network, the updates are including clawback – a feature that allows the issuer to regain the tokens tied to illegal activity – to decentralized identity applications.
Flexible tokens are digital items that represent everything – as bonds or collectibles – and come up with extra details to make them more useful. A new lending tool will have companies borrow and borrow directly to the XRP headbox without needing banks or extra steps. It is designed to be safe and follow the rules.
Permission settings can allow companies to set rules on who can use certain features, keep things private and secure – help to meet legal standards and protect sensitive financial activities.
Furthermore, the release of an XRPL EVM SideCain, intended for a Mainnet launch in the second quarter of 2025, is expected to attract more developers to the network.
This development aims to integrate developers from the EVM ecosystem of the XRPL framework by enabling support for protocols that are not possible on the existing XRPL infrastructure. XRP will be the most important token used to pay for transaction on this network – including all financial applications.
Ethereum Virtual Machine (EVM) is a decentralized computer engine that performs smart contracts at Ethereum Blockchain, enabling programmable, automated transactions.
