The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Sign in to access this content
Sign InThe XRP Ledger (XRPL) has officially rolled out the XLS 81 update, introducing a permissioned decentralized exchange (DEX) directly on the network. This new platform is designed exclusively for banks and regulated financial firms, bridging the gap between decentralized finance and traditional banking. To ensure regulatory compliance, the platform mandates strict Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols for all participants. The update enables the creation of members-only trading venues where only pre-approved institutional players can trade and match orders. By providing a controlled and compliant environment, Ripple aims to meet the rigorous standards required for institutional-grade trading. Analysts view this move as a significant step toward increasing the long-term utility and liquidity of the XRP Ledger among major financial players.