XRP Ledger releases DeFi development plan for financial institutions

Odaily Planet Daily News: Ripple Labs released a new round of development plan for XRP Ledger on February 25th. This plan mainly targets traditional financial institutions and aims to provide compliant blockchain solutions for regulated institutions such as banks. Specifically, it includes the launch of licensed DEX, credit lending agreements, and new token standards. Despite the recent surge in XRP prices, its on chain activity scale is still far lower than competitors such as Ethereum. Ripple hopes to attract more financial institutions to participate by introducing new businesses such as real asset tokenization, thereby accelerating the development of the network. Several asset management companies have applied to list XRP ETFs in the United States, which may bring new growth momentum to XRP. （Cointelegraph）