Ripple wants institutions to borrow against tokenized assets on XRPL

Ripple is pushing for a new standard on its XRP Ledger that would enable institutions to borrow against tokenized assets, leveraging blockchain technology to enforce loan terms. This move aims to streamline financial operations and potentially increase liquidity in the market. Human credit teams would still handle the underwriting process, ensuring a balanced approach between tech and traditional finance. The proposal is pending validator approval, which could significantly impact how financial institutions interact with digital assets in the future.