Ripple Expands Institutional Tokenization Infrastructure with Full XRPL Stack
Ripple is expanding its institutional tokenization infrastructure as financial institutions adopt tokenized assets. According to Monica Long, Ripple's President, there has been a 'light switch flip' from bank pilots to production-grade activity in the last year.
The company is building a full stack of digital asset infrastructure that includes issuance, stablecoin, trading, custody, and credit infrastructure. This allows institutional participants to take advantage of the entire lifecycle of a tokenized asset on the XRP Ledger.
Ripple's Mint platform provides financial institutions with a unified interface to access, mint, redeem, and manage Ripple USD (RLUSD), while issuing and transferring the stablecoin across fiat and blockchain settlement systems.