Techub News reports that, according to Bitcoinist, the total value of institutional-grade US Treasury tokenization products on the XRP Ledger has exceeded $333 million, involving institutions such as Ondo Finance, OpenEden, Guggenheim, and abrdn, among others. Among them, Ondo Finance's product scale reaches $221.8 million, supporting 24/7 trading with RLUSD stablecoins. The network's tokenized asset size is projected to grow by 2,200% by 2025, increasing from $24.7 million at the beginning of the year to $567 million by the end of the year. Although still small compared to the over $30 trillion US Treasury market, this indicates that institutional capital is accelerating its deployment in this field.

Efforts to expand liquidity on the XRP Ledger are accelerating. Doppler Finance recently announced a partnership with Hex Trust, embarking on building a foundation for utilizing Wrapped XRP (wXRP) in cross-chain environments. What’s noteworthy is the aim of this collaboration. It’s not just about token wrapping; the focus is on developing regulatory-compliant infrastructure to attract institutional investors. By combining Hex Trust’s custody platform with Doppler’s technology, they aim to create an environment where XRP-related products can be deployed across multiple blockchains. Specifically, this will enable liquidity strategies that transcend the boundaries of the XRP Ledger. Doppler’s infrastructure, integrated with Hex Trust’s compliant custody solutions, will allow for scalable liquidity deployment. As a result, wXRP will become easier to utilize within various blockchain ecosystems. It’s also interesting that both companies recognize the importance of regulatory-compliant custody in encouraging institutional participation. The operational framework secured under Hex Trust’s regulatory standards ensures that all XRP-linked products are properly managed. In other words, through this partnership with Doppler, the utility and accessibility of XRP are expected to improve simultaneously. This partnership appears poised to serve as a bridge connecting the XRP Ledger to a broader decentralized finance environment. With interoperable infrastructure and efficient liquidity solutions in place, the use cases for XRP are likely to expand even further.

$BTC Started slowing down after approaching $80k, today it dropped back to $77,794, already weaker compared to last night's high. $ETH, $SOL, $XRP, $DOGE also fell back together, and the market looks more like profit-taking rather than a new round of expansion. $BTC $ETH $SOL $XRP $DOGE