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Ripple Previews Liquidity Hub

The Ripple Liquidity Hub will offer access to Crypto Assets to enterprises from various sources. It also plans to add Tokenized Assets, staking, and yield generating functionalities in future.

On Tuesday, one of the world’s premier blockchain and crypto solutions providers, Ripple previewed its Ripple Liquidity Hub (RLH), as per a Business Wire report.

It is an enterprise solution, which will be launched in 2022.

RLH will enable customers to access crypto assets from various sources including market makers, exchanges, Over-The-Counter (OTC) desks and in the future decentralized venues.

Moreover, it will support turn-key integration and smart order routing to source Digital Assets at optimized prices, enabling seamless transactions to easily buy, sell, and hold Crypto Assets.

The General Availability (general public) launch will support BTC, ETH, LTC, ETC, BCH and XRP (availability will vary by geography). It also plans to add Tokenized Assets, Staking, and Yield Generating functionalities in future.

Ripple has used the Liquidity Hub for its internal transactions for the past 2 years for internal liquidity management as part of its On-Demand Liquidity (ODL) product, powering millions of transactions, worth billions of dollars.

Now it is offering the product to institutions, banks, fintech companies or corporates.

“We understand firsthand the need for easy and efficient liquidity management – and as such, we’ve received questions from our customers who are in need of solutions that can be a one stop shop to buy, sell and hold Crypto Assets. The combination of Ripple’s crypto DNA and long history working with financial institutions makes us uniquely positioned to address this problem for our customers as they prepare for a tokenized future.”

Asheesh Birla, General Manager at RippleNet

Qualities of RLH

RLH claims to have 3 Unique Selling Propositions:

  • Easy onboarding: Through a streamlined API for accessing Digital Assets, allowing easy integration and begin offering customers trading services, enabling new revenue streams. 
  • Optimized and aggregated pricing, enabling enterprises to provide their customers.
  • Access to working capital: Enterprises can receive access to working capital through Ripple. 

The release of this news could not bring Ripple’s native cryptocurrency XRP’s price up. It continued its downward trajectory. At the time of writing, XRP was trading at 1.23 USDT on Binance.   

Enterprises are slowly realising the potential of blockchain technology. Even governments are gradually embracing it. Today transfer of funds has become easier. Wire transfers can take a day or even more to complete. But Digital Assets can complete the transaction in a matter of seconds on a blockchain network.

We are also going to interview Mr. Matt Hamilton, Principal Developer Advocate at RippleX.

If you have any questions for him about XRP and Ripple, please comment below.

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