The real amount of monetized assets on XRP Ledger (XRPL) has risen to about $4 billion, and the gap between BNB Chain has narrowed further. According to the data, the Ethers are still in the lead at $16.1 billion, and BNB Chain and XRPL are now in close proximity.
XRPL advanced institutional lending
The XRPL Foundation is working with VS1 to develop an open source reference application for licensing, compliance and lending scenarios. The programme seeks to provide the regulated institutions with a framework for direct reference for the issuance and management of loans along the chain and for meeting identification, security and regulatory requirements.
According to the introduction, the package will call on a number of primary functions of XRPL, including Credentials for credible authentication, Permissioned Domains for restricted participant ranges, Single Assembly Vaults for collateral management, and Lending Protocol to support chain lending.
Close the gap with BNB Chain
According to the article, if the current rate of increase continues, XRPL may soon exceed BNB Chain and become the fourth largest block chain in the size of real assets monetized. While the Ethera is still clearly in the lead, competition for the second is increasing.
- It's about $16.1 billion.
- BNB Chain and XRPL are in approximately $4 billion range
- Currencyized assets cover bonds, real estate and private credit
Moving from payment chain to institutional finance
For XRPL, this round of growth also means that its positioning is further extending from payment networks to institutional financial infrastructure. The growth of the RWA scale is advancing in tandem with the compliance lending instrument and is becoming an important player for its institutional users.
In addition to the RWA-related progress, Ripple ' s former Chief Technical Officer David Schwartz has recently proposed a new programme aimed at reducing the run-off on XRP Ledger and improving fairness and efficiency in implementation.