The Fintech firm behind cryptocurrency XRP, Ripple Labs, has launched a business liquidity hub, enabling firms to access crypto liquidity from digital asset exchanges, market makers, and OTC marketplaces.
According to a Thursday press release, the liquidity hub, which debuted its pilot in 2022, connects crypto and fiat systems and enables enterprises to complete cross-border payments in real-time. The hub also allows liquidity access across a broader product portfolio, including non-fungible tokens and central bank digital currencies (CBDCs).
‘‘Liquidity Hub benefits from all the hard-won lessons Ripple gained sourcing liquidity from other providers and across multiple venues for ODL. It combines ease of use, powerful payments integrations, cost savings, and more into a single, scalable enterprise-grade platform,’’ says Brad Chase, Head of Liquidity Products at Ripple.
The hub is available 24/7/365, and uses smart order routing to select multiple digital asset avenues, enabling users to save on cost on the high volume transactions such as treasury management. Ripple Liquidity hub also ‘reduces the need to pre-fund capital positions to source liquidity or transactions within multiple venues, freeing up previously trapped capital,’ the announcement noted.
