XRP (CRYPTO: XRP) surged 25% after Ripple outlined a growing set of “institutional DeFi” building blocks on the XRP Ledger designed to make the network viable for regulated financial activity, positioning XRP as a settlement and bridge asset.

The Institutional DeFi Blueprint

Ripple outlined how XRP Ledger will attract banks and financial institutions by solving their biggest concerns: verifying who’s using the network, enabling private transactions, and offering lending facilities.

Here’s what’s already working: the ledger can verify user identities before letting them trade, process multiple transactions at once, and create different types of tokens. 

Coming soon are lending markets…

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