Robinhood taps XRP Ledger for $85 billion institutional settlements

Robinhood, a major US-based stock and crypto trading platform, has integrated the XRP Ledger into its institutional settlement operations, marking a significant shift from its previous decision to delist the XRP token in 2020. The move arrives as institutional demand for stablecoin settlement and blockchain-based treasury solutions accelerates among large financial firms. Robinhood initially removed XRP from its platform during December 2020 following the US Securities and Exchange Commission’s (SEC) lawsuit against Ripple Labs, which alleged that XRP was an unregistered security.

Source: CoinTurk News