Institutional Adoption and Collateral
Ripple's integration into institutional finance has continued to advance, driven by the launch of the XLS-65/66 lending protocol on the XRP Ledger. Ripple Prime now accepts XRP as eligible collateral for institutional credit lines, alongside Bitcoin, RLUSD, fiat currency, gold, and treasuries. Additionally, a September 8 SEC filing from Charles Schwab indicated that XRP ETFs are being utilized as repo collateral with fast-growing usage, following the conclusion of Ripple's SEC litigation.
UK Tokenization Push and Regulatory Engagement
The City of London reportedly named Ripple among 54 firms partnering with the UK's Wholesale Digital Markets Champion for a 12-month initiative aimed at scaling tokenization and establishing clear regulatory, legal, and tax frameworks. Ripple previously completed a proof-of-concept with the Bank of England in 2017 and obtained an electronic money institution (EMI) license and Financial Conduct Authority (FCA) approval in 2026 to operate in the UK.
RippleX Leadership and Corporate Updates
Ripple has appointed Brian Beck, formerly of Google and PayPal, to lead developer relations and ecosystem growth at RippleX. His focus will be assisting developers in creating everyday products for businesses and consumers using the XRP Ledger. Meanwhile, Evernorth is anticipated to hold at least 473 million XRP upon its Nasdaq listing, positioning itself as a publicly traded entity focused on increasing XRP's value.
Market Activity and Price Action
On September 11, Binance recorded its largest single-day combined inflow and outflow for XRP in six months, with $91.2 million entering and $113.9 million leaving the exchange while exchange reserves remained largely unchanged. Observers noted the movement as a reshuffling of supply rather than a directional indicator, accompanied by cooling funding rates and market liquidations. XRP was recently trading near $1.36 after sweeping liquidity around the $1.34 level.
