Ripple is pushing the XRP Ledger into a new phase, designed for big players in finance!
The company has officially launched a Permissioned Decentralized Exchange (DEX) on the XRPL, giving regulated institutions a way to access DeFi without sacrificing compliance. It’s a major shift aimed at solving one of the biggest hurdles in crypto adoption: how to bring institutions into decentralized systems while still keeping regulators happy.
The news was spotlighted by SBI Group CEO Yoshitaka Kitao, who shared on X:
“Introducing Permissioned DEX on the XRP Ledger: Unlocking Institutional Access to DeFi.”
Here are the deets to know.
Unlike open DEX platforms, anyone can access, this one is permissioned, meaning only approved users can trade. Institutions are added to an allowlist, and they can only trade with others in the same group, known as a permissioned domain.
But here’s the twist: even though it’s permissioned, it still supports permissionless assets like XRP, stablecoins, or wrapped crypto. That’s a big win for usability.
Each permissioned DEX runs independently within the XRPL and can host unlimited trading pairs. The structure gives financial institutions a way to use decentralized tech while sticking to strict compliance requirements.
Ripple says this move is all about unlocking real-world use of DeFi in a way that’s scalable and compliant. In their press release, they explained that institutions can now “trade or move value on the XRPL Decentralized Exchange (DEX) without compromising on compliance, scalability, or decentralization.”
Ripple is eyeing serious use cases like:
Yes, it might sound boring at first glance.
But for years, traditional finance has stayed away from DeFi – mostly because of compliance risks. Ripple’s Permissioned DEX is a direct answer to that, giving institutions a space that feels familiar but still uses decentralized rails.
And because it’s built on the XRP Ledger, trades are low-cost, fast, and don’t rely on intermediaries. It’s a strong case for why institutional DeFi might finally be ready to take off and Ripple clearly wants to lead that charge.
Definitely a story worth following.
It’s a Decentralized Exchange (DEX) on the XRPL specifically designed for regulated financial institutions, allowing them to engage in DeFi while ensuring compliance and security.
Yes, even though it’s permissioned, the DEX supports trading of permissionless assets such as XRP, stablecoins, and wrapped crypto, enhancing its usability for institutions.
It directly addresses traditional finance’s compliance concerns with DeFi, offering a familiar, regulated environment on a fast, low-cost decentralized network, potentially accelerating institutional DeFi adoption.
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