Asset watchlist: BTC -$64,146 / ETH-$1871 / XRP-$1.06 / XLM-$0.16 / ENA-$0.09 / XCN-$0.003063.
Ripple/ XRP:
Ripple Labs has significantly deepened its footprint with the UKs financial architecture through major regulatory approvals and institutional integration. In 2016, the company secured its Electronic Money Institution (EMI) and Crypto asset registration from the UKs Financial Conduct Authority (FCA). This milestone positions Ripple to offer compliant digital assets and payment infrastructure directly to UK businesses.
Joining the UK Treasury Taskforce – Ripple was officially inducted into the UK HM Treasury’s Wholesale Digital Markets Taskforce.
The initiative: Ripple is one of 54 major institutions collaborating to build tokenization standards for UK wholesale markets.
Economic forecast – The taskforce targets moving repurchase agreements (repos), gilts and funds onto permissionless and hybrid blockchains, estimating £33 Billion annual addition to the UK economy by 2035.
Institutional Alignment – Traditional finance players like Santander UK are already testing white-label applications of Ripples rails for settlement.
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