Ripple premieres Liquidity Hub to enable customers to buy, sell and hold crypto assets

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San Francisco, CA – November 9, 2021 – Today Ripple, the leading provider of enterprise blockchain and cryptographic solutions, has previewed Ripple Liquidity Hub, a new solution for corporate clients, to be launched in 2022. Ripple Liquidity Hub, will allow clients to seamlessly access crypto assets from a variety of global offices, including market makers, exchanges, OTC desks and in the future decentralized offices. The product will support turnkey integration and intelligent order routing to source digital assets at optimized prices, giving customers the ability to easily buy, sell and hold crypto assets.

GA’s launch will support BTC, ETH, LTC, ETC, BCH and XRP (availability will vary by region), with plans to expand to more tokenized assets. In the future Ripple plans to add additional features such as staking support and yield generation features.

For nearly two years, Ripple has leveraged Liquidity Hub for internal liquidity management as part of its own Liquidity on demand (ODL), which powers millions of transactions, worth billions of dollars. Ripple will now make the product available to its hundreds of customers around the world, as well as any financial institution, bank, fintech or business that needs support to prepare for an inevitable crypto-first world.

RippleNet GM Asheesh Birla said, “We understand firsthand the need for simple and efficient liquidity management and, as such, have received questions from our clients who need 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 of partnering with financial institutions makes us uniquely positioned to address this issue for our clients as they prepare for a tokenized future. “

Unlike existing solutions available today, Liquidity Hub is designed for corporate clients and their unique needs.

  • Easy onboarding– Offers a simplified API for accessing digital assets from a wide range of liquidity pools that allows businesses to easily integrate with Liquidity Hub and start offering clients trading services, enabling new revenue streams.
  • Optimized prices– Provides optimized and aggregated pricing for a wide range of digital assets, enabling businesses to provide their customers with the best price from a variety of liquidity locations.
  • Access to capital: Firms will not have to pre-finance accounts for Liquidity Hub and can receive access to working capital through Ripple to finance their business operations.

Ripple’s first alpha product partner is Coinme, the largest licensed cryptocurrency cash network in the United States, with thousands of locations across the country. Initially, Coinme will use Liquidity Hub’s underlying technology platform, with plans to unlock additional features as they become available.

“Coinme offers convenient and easy access to exchange money with cryptocurrencies. Managing this vast network requires 24/7 access to liquidity 24/7, 365 days a year, so that we can provide the best prices to our clients for a variety of assets. We are thrilled to partner with Ripple to bring these benefits to our customers and our businesses, “said Neil Bergquist, CEO of Coinme.

Ripple

Ripple was the first corporate firm to leverage cryptocurrencies to tackle the trillion-dollar challenges with cross-border payments. Since then, Ripple has expanded from a cross-border payments network to a platform that provides tokenized services that will bring crypto functionality to the enterprise and prepare them for a future where cryptocurrency is at the fore. Liquidity plays a vital role and underpins any cryptocurrency experience.

Going forward, every customer will join RippleNet with the same core service and a wallet designed to support both crypto and fiat. By adopting this technology, customers can take advantage of the latest blockchain-enabled solutions that keep them at the forefront – the platform is designed to seamlessly update and add new services as customers want them. Customers will be able to use their Ripple-enabled wallet to hold everything that is tokenized.

RippleNet recently closed its best quarter to date by announcing more than 20 markets available for ODL with new deployments in Japan and the Middle East, as well as more than 25x growth for its international flows on its network.

The launch of the Liquidity Hub is pending the applicable license and other requirements. Availability varies by jurisdiction.

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