Ripple Expands Institutional Infrastructure Amid XRP Price Support

Ripple has been expanding its institutional infrastructure in recent days, while its native cryptocurrency XRP continues to trade near the crucial $1 support region.

The company announced an investment in ZILO and Licuido, two companies building infrastructure for digital investment funds and trading of institutional assets. Ripple's goal is to connect these services with its existing XRP Ledger infrastructure, allowing institutions to issue tokenized assets, transfer them between investors, hold them in custody, and use them as collateral.

Mastercard has completed its acquisition of BVNK, a stablecoin infrastructure company that supports XRP deposits and outgoing payments. This deal is expected to help connect traditional and digital forms of money. Meanwhile, Flare's wrapped XRP (FXRP) received approval to be used as collateral in an RLUSD lending pool worth $280 million.

XRP exchange-traded funds continue to attract capital, but the demand has weakened significantly compared to previous months.