📊 Ripple’s institutional expansion raises a key question: will it generate more demand for XRP?
◾The October 8 report from 24/7 Wall St. discusses three developments:
🏦 Meritz Securities: reported exploration of tokenization and custody services.
🔗 Canton Network: Ripple Custody support for Canton assets.
💱 Paxos: reported institutional brokerage and custody access to XRP.
The implications differ. Custody and blockchain support can expand Ripple’s business without requiring XRP transactions. Paxos’ reported XRP offering creates an additional access route, but meaningful demand depends on actual client activity.
The next signals to watch are confirmed adoption, XRP-specific trading volumes and documented settlement use. Partnership headlines alone do not establish a price outlook.
▶Full analysis from Blockvia : blockvia.cc
#XRP #Ripple #CryptoNews $XRP
◾The October 8 report from 24/7 Wall St. discusses three developments:
🏦 Meritz Securities: reported exploration of tokenization and custody services.
🔗 Canton Network: Ripple Custody support for Canton assets.
💱 Paxos: reported institutional brokerage and custody access to XRP.
The implications differ. Custody and blockchain support can expand Ripple’s business without requiring XRP transactions. Paxos’ reported XRP offering creates an additional access route, but meaningful demand depends on actual client activity.
The next signals to watch are confirmed adoption, XRP-specific trading volumes and documented settlement use. Partnership headlines alone do not establish a price outlook.
▶Full analysis from Blockvia : blockvia.cc
#XRP #Ripple #CryptoNews $XRP