Ripple & XRP News Roundup: Institutional Collateral, UK Expansion And More

Ripple’s ecosystem activity centered on institutional finance over the past week, according to a detailed news roundup covering several developments tied to XRP. It says XRP is increasingly being used as collateral for institutional credit lines enabled by the XLS-65/66 lending protocol on the XRP Ledger, and that Ripple Prime already treats XRP as eligible collateral alongside Bitcoin, RLUSD, fiat, gold, and treasuries. A September 8 SEC filing from Charles Schwab reportedly noted XRP ETFs being used as repo collateral. The roundup also claims Ripple was named among 54 firms in London’s tokenization initiative, hired Brian Beck for RippleX developer relations, and that Evernorth is set to hold at least 473 million XRP after a Nasdaq listing.