Ripple is working to deeply integrate its XRP ledger capabilities into its business, with the goal of providing secure, compliant decentralized finance (DeFi) solutions to customers around the world. Chief Technology Officer David Schwartz emphasized in the latest statement that Ripple hopes to become an important digital asset infrastructure provider for the financial services industry.

Ripple believes that blockchain technology will become key to the global monetary infrastructure and has been developing for a decade to meet the financial industry's needs for digital asset infrastructure. Despite the significant progress in the crypto industry, institutions still need reliable infrastructure to integrate blockchain solutions.

The XRP ledger is at the heart of Ripple and was originally used for cross-border payments. Its low cost, speed and transparency make it suitable for solving the limitations of the traditional financial system. Ripple's payment solutions cover more than 80 markets and process more than $50 billion in transaction volume.

In addition, Ripple acquired digital asset custody technology provider Metaco, which will be renamed Ripple Custody in the future to expand its product line. Ripple also plans to launch the stablecoin Ripple USD (RLUSD) on the XRP ledger to meet cross-border payment needs.

XRPL is considered the blockchain of choice for institutional DeFi due to its reliability and efficiency, supporting over 2.8 billion transactions without a glitch. Ripple is working with multiple projects to promote the combination of traditional finance and modern financial tools, and is committed to promoting the development of global DeFi in a safe and compliant manner.