KUALA LUMPUR, Nov 10 -- Ripple, the leading provider of enterprise blockchain and crypto solutions, has previewed Ripple Liquidity Hub, a new solution for enterprise customers, which will be launched in 2022.
Ripple Liquidity Hub will allow customers to seamlessly access crypto assets from a variety of global venues, including market makers, exchanges, OTC desks and in the future decentralised venues.
According to a statement, the product will support turn-key integration and smart order routing to source digital assets at optimised prices giving customers the ability to easily buy, sell, and hold crypto assets.
RippleNet GM Asheesh Birla said: “We understand firsthand the need for easy and efficient liquidity management - and as such, we’ve received questions from our customers who are in need of solutions that can be a one stop shop to buy, sell and hold crypto assets.”
“The combination of Ripple’s crypto DNA and long history working with financial institutions makes us uniquely positioned to address this problem for our customers as they prepare for a tokenised future.”
The GA launch will support BTC, ETH, LTC, ETC, BCH and XRP (availability will vary by geography), with plans to expand to more tokenised assets. In the future, Ripple plans to add additional features such as support for staking and yield generating functionalities.
Unlike existing solutions available today, Liquidity Hub is designed for enterprise customers and their unique needs with features including easy onboarding, optimised pricing, and access to capital.
Ripple’s first partner of the alpha product is Coinme, the largest licensed cryptocurrency cash network in the US, with thousands of locations across the country.
Initially, Coinme will utilise the underlying technology platform of Liquidity Hub, with plans to unlock additional functionality as it becomes available.
The launch of Liquidity Hub is pending applicable licensing and other requirements. Availability will vary by jurisdiction.
-- BERNAMA
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