đą Ripple launches its integrated institutional platform "Ripple Prime" đ
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Ripple Labs announced the launch of a new platform named "Ripple Prime", which serves as a comprehensive center for trading, financing, and settling transactions for financial institutions in one place.
The platform aims to simplify institutional operations by combining trading, financing, and clearing services within a single ecosystem, while providing high-level risk management and organized custody of digital assets. The platform also offers the option to use the stablecoin RLUSD as additional collateral for transactions.
đŹ According to statements from CEO Brad Garlinghouse, this step represents "a qualitative leap towards enhancing the infrastructure of institutional markets in the world of digital assets", demonstrating Ripple's commitment to expanding its presence in the global financial sector.
đ It is noted that XRP has seen a remarkable increase of 4.8% in the past 24 hours, reaching $2.61 at the time of writing, driven by investor optimism regarding the company's recent developments.
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