Former RippleX Executive Highlights Institutional Credit as 'Killer Use Case' for XRP
RippleX's former Head of Product, Jazzi Cooper, has emphasized the potential of using XRP as collateral in institutional credit markets. This use case is enabled by the recently launched XLS-65 and XLS-66 lending protocols on the XRP Ledger (XRPL), allowing institutions to secure fixed-rate loans without liquidating their holdings. The development marks a shift from XRP's traditional role in cross-border payments, positioning it as productive working capital. Institutions retain control over compliance decisions off-chain while leveraging native credit rails for liquidity and underwriting flexibility. Charles Schwab’s recent SEC filing also indicates growing institutional adoption of XRP ETFs as repo collateral. Infrastructure improvements continue with the upcoming v1.1 update to the Lending Protocol, scheduled alongside XRPL version 3.4.0 next week. Partners like Clearpool and Cicada have already facilitated over $930 million in loans combined, signaling strong institutional confidence.
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Topics: collateral use case lending protocol RippleX SEC lawsuit XRP