RippleX Product Head Calls XRP's Role in Institutional Credit Markets a 'Killer Use Case'
Jazzi Cooper, RippleX product head, highlighted the potential of using XRP as collateral for institutional credit markets. She emphasized that this use case is supported by two key proposals—XRPL’s XLS-65 and XLS-66—which aim to facilitate lending infrastructure on the XRP Ledger (XRPL). These protocols introduce features like Single Asset Vaults and a native lending protocol, enabling fixed-term loans with off-chain underwriting and onchain loan management. Ripple is already collaborating with institutions such as Clearpool and Cicada Partners to develop credit products using these proposals. The proposed model could allow XRP holders to use their token holdings for borrowing without liquidating them, potentially increasing demand for the asset in institutional settings beyond its traditional role in cross-border payments. However, full implementation of this infrastructure is pending XRPL’s amendment and validator approvals before it becomes available on mainnet.
Tickers: $XRP
Topics: collateral use case lending infrastructure RippleX XRP XRPL