Ripple Expands DeFi Reach with Strategic Partnerships and Upgrades
Ripple is expanding its reach in the decentralized finance (DeFi) space through strategic partnerships and upgrades to its XRP Ledger (XRPL).
The company has partnered with Sentora, an institutional DeFi platform, to bring FXRP as collateral into Sentora's $RLUSD vault on Morpho. This marks a key step in expanding XRP's role in DeFi.
XRPL Head of Product Jazzi Cooper revealed that the upcoming XRPL 3.3.0 upgrade will bring zero-knowledge (ZK) powered privacy for tokenized assets, with a focus on institutional users.
This development ties into Ripple's push to expand XRPL's DeFi ecosystem, with $RLUSD emerging as a key part of the broader strategy.