Digital Wealth Partners, a wealth management firm, has completed a seven-figure loan using XRP as collateral, demonstrating the use of crypto assets in traditional finance. The loan allows XRP holders to access liquidity without selling their assets, providing an alternative to conventional financing. The firm credits blockchain and smart contracts for streamlining the process and completing the deal within 72 hours. They plan to expand lending opportunities and expect support for more assets, faster approvals, and larger loan amounts. However, price fluctuations of XRP could present potential issues for borrowers. Despite lagging in DeFi growth, the XRPL ecosystem is making progress in exploring this area, including the launch of AMM functionality and plans to introduce programmability through smart contracts and the use of the EVM sidechain. Flare Labs is also working on introducing its FAssets protocol.



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