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Ripple Prime Goes Live on EDX & XRPL Settles Treasury Trades | May 19
Audio is available on Spreaker — see link below.
XRP crypto news: Ripple Prime's EDX Markets integration goes operational as JPMorgan, Mastercard, and Ondo Finance settle a tokenized Treasury on the XRP Ledger — but XRP itself trades at $1.37, down 60% from peak. Platform adoption and token demand are moving in opposite directions.
Audio is available on Spreaker — see link below.
Ripple Prime went live with EDX Markets on May nineteenth, and that single line of news tells you more about where Ripple is headed than anything XRP's price has done in months. Here's what the integration actually means.
One day before the EDX announcement, on May eighteenth, the XRP Ledger processed something worth paying close attention to. A tokenized U.S. Treasury redemption involving Ondo Finance's OUSG token, Mastercard, JPMorgan's Kinexys platform, and Ripple settled as a single chain-based flow.
XRP is trading at one dollar and thirty-seven cents. Down roughly sixty percent from its July twenty twenty-five peak of three dollars and sixty-five cents, which followed the SEC settlement.
Ripple made CNBC's twenty twenty-six Disruptor 50 list, which is a reasonable place to note what the company now looks like from the outside. A national banking charter received in December twenty twenty-five, two point four billion in acquisitions across prime brokerage, custody, and treasury management, and now a prime brokerage integration with a major institutional trading venue.
Two regulatory threads deserve attention. Former CFTC Chair Christopher Massad confirmed the U.S. is exploring a digital dollar through Project Agora, despite the current administration's public position against a retail CBDC.
The through-line across all of this is a platform expanding its institutional footprint while the token trades at a significant discount to last year's optimism. Ripple controls forty-one point six billion XRP, about forty-two percent of total supply, and continues monthly releases.
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