Ripple's security decisions. Still, Ripple's holding on to XLS-38 for dear life - sort of like that old sweater you keep but never wear. They've kept the code around just in case developers come up with nifty projects that actually need it. However, seeing the writing on the digital wall, Ripple is pushing for a cleaner ledger moving forward. What about the future? So, what does this mean for Ripple and the XRPL? A ton of unused spaghetti code gets tossed out, and it makes way for the shiny new lending infrastructure! Vivid Economics Ltd is talking about some serious moolah maneuvering with lending capabilities and all the bells and whistles. Ripple is set to launch a lending system that promises to be the most complex thing since... well, ever! Hold onto your wallets, folks! AI to the Rescue! As of late August, the Lending Protocol V1.1 is under a crazy-comprehensive AI security review. Sherlock says they're combining different AI auditors to poke around and make sure everything's up to par. Fingers crossed they don't find any skeletons in the closet! The learning experience. Even after heavy testing on the earlier versions, some pesky vulnerabilities snuck through. So, Ripple held an attackathon to suss out weaknesses. Yep, a $200,000 scramble that saw 131 researchers diving into 35,498 lines of code! They've since squashed a bunch of bugs, proving you can never be too careful in the wild world of crypto! Stay safe out there! In light of the relentless threat landscape, Ripple isn't stopping at just AI. They're rolling out every type of test they can think of - from public security competitions to fuzzing and everything in between. And speaking of AI, they remind Vivid Economics Ltd that while it's great, it's not a substitute for good old-fashioned human oversight. So, let's not all leave its security to robots just yet! Final thoughts. With all these upgrades and a keen eye on security, Ripple isn't just hoping for the best; they're prepping for it! The folks at XRPL are ready for the next chapter filled with lending opportunities and are clearing out the cobwebs of old code. So, stay tuned, and hold on to your XRP - it's going to be a wild ride!

Ripple-Backed Evernorth is one vote from a Nasdaq XRP listing. Published28 Aug 2026 (5 hours ago) The U.S. Securities and Exchange Commission declared Evernorth's registration effective on 27 August 2026, clearing a Ripple-backed XRP treasury for a 30 September shareholder vote. If Armada Acquisition Corp. II holders approve, the merged company plans to list on Nasdaq as XRPN. * The SEC declared Evernorth's registration effective on 27 August 2026, leaving one vote before a Nasdaq listing. * Armada Acquisition Corp. II shareholders vote on 30 September 2026; the merged firm plans to trade as XRPN. * Ripple, SBI Group, Pantera Capital, Kraken and GSR back the XRP treasury company. SEC clears Evernorth's path toward a Nasdaq listing. The United States Securities and Exchange Commission (SEC) declared Evernorth's Form S-4 registration statement effective on 27 August 2026. The decision leaves one shareholder vote before the San Francisco company can complete its merger and list on Nasdaq. Evernorth was created to hold XRP on a public balance sheet and describes itself as a digital asset treasury built for institutional access to the XRP economy. The combined business plans to trade under the ticker XRPN once the deal closes. Armada shareholders vote on September 30. Evernorth is merging with Armada Acquisition Corp. II, a special purpose acquisition company, or SPAC. A SPAC raises money from investors to buy a private business and take it public without a traditional listing. Armada shareholders of record as of 20 August 2026 will vote on the transaction on 30 September 2026. Evernorth expects the deal to close in late September or October, subject to approval and customary conditions. If the vote passes, the company expects to become the largest publicly traded XRP treasury, holding at least 473 million XRP at launch, according to Evernorth. Ripple and major crypto firms back the treasury. Ripple is closely linked to XRP and holds a large share of its supply. The company is an investor in Evernorth, alongside Arrington Capital, Japan's SBI Group, Pantera Capital, Kraken and GSR. Founder and chief executive Asheesh Birla ran Ripple's payments business for more than a decade before leaving. Evernorth has said the transaction is expected to raise more than $1 billion in gross proceeds, with net proceeds funding open-market XRP purchases. "We set out to build an actively managed XRP treasury with the transparency and governance public markets demand. With the registration statement now effective, we are one step closer to delivering on our vision.", 27 August 2026. - Asheesh Birla, Founder and CEO, Evernorth XRP trades near $1.42 at time of publication. XRP traded at $1.42 at the time of publication, up 8.5% over the past seven days (CoinPaprika, 28 August 2026). Evernorth plans to invest capital in XRP infrastructure and manage its holdings to increase the amount of XRP behind each share over time. The company has not said how it will do that. Unlike an exchange-traded fund (ETF), Evernorth intends to actively grow its XRP per share through yield strategies and ecosystem participation. Treasury discount risk shadows the model. Companies that put a single cryptocurrency on their balance sheet have generally bought and held. That approach follows the model Strategy established with bitcoin. The structure carries a known risk, because treasury companies can trade at a premium or a discount to the value of the tokens they hold. Several bitcoin holders have spent recent months trading below the value of their own reserves. That gap removes their ability to raise fresh money by issuing new shares, which can limit growth. Primary source: Source Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment. All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions. Coinpaprika is not liable for any losses resulting from the use of this information.

Ripple Prime makes Wall Street move with new Delta One entity for enhanced institutional firepower. Ripple Prime launches a 24/7 Delta One business, offering institutional clients Total Return Swaps across equities, indices and digital assets. 27 August 2026, 08:39 AM Ripple Prime takes on Wall Street with 24/7 Delta One derivatives push. Ripple is stepping deeper into institutional finance with the launch of a Delta One business under Ripple Prime, taking aim at a market long dominated by Wall Street firms such as Goldman Sachs and JPMorgan. Announced on X, the new offering gives institutional clients access to Total Return Swaps (TRSs) on U.S.-listed equities, indices and digital assets. Ripple says the products can be tailored to clients' investment horizons, risk mandates and reporting needs. So, what exactly is Delta One? Put simply, Delta One lets investors gain the economic exposure of an asset without directly owning it. Through a Total Return Swap, a client receives the returns of an underlying stock, index or other asset while the prime broker handles financing and hedging. Because the derivative closely tracks the underlying asset, it is known as Delta One. More notably, this strategy is widely used by hedge funds, asset managers and other institutional investors seeking efficient exposure, leverage and greater flexibility in managing portfolios. Ripple Prime takes aim at Wall Street with a bold multi-asset expansion. What sets Ripple Prime apart is its push to bring traditional and digital markets together. The company says clients can access equities, FX, derivatives, fixed income and digital assets through a single counterparty, potentially reducing the need to maintain separate relationships across asset classes. Ripple Prime is also emphasizing cross-margining and 24/7 availability. Cross-margining can improve capital efficiency by allowing eligible positions across markets to be considered together for collateral purposes, while round-the-clock access fits naturally with the always-on digital-asset market. Another key selling point is Ripple Prime's conflict-free execution model. Ripple says its platform is focused on financing and clearing rather than trading against clients, a positioning that distinguishes it from traditional institutions with proprietary trading or market-making operations. The expansion is also backed by substantial capital. Ripple Prime says it has more than $1 billion in regulatory net capital and recently completed an upsized $275 million private placement of senior unsecured notes, following a $200 million debt facility secured earlier this year. Is the message crystal clear? Well, Ripple is no longer positioning itself solely as a blockchain and payments company. Through Ripple Prime, it is building a broader institutional financial platform that connects traditional markets with the rapidly expanding digital-asset economy. With Delta One now added to its prime brokerage, clearing and financing capabilities, Ripple is taking a direct shot at an institutional market controlled for decades by Wall Street's biggest players with Ripple Prime recentlly bagging the top prime broker award. Therefore, Delta One launch makes one thing clear that Ripple Prime wants a seat at Wall Street's table. Kraken Crypto Exchange. Best Crypto Exchange with Strongest Security * Trade over 600 different cryptocurrencies on spot and futures markets. * Grow your crypto holdings passively through staking with no lock-up periods. * Big selection of supported currencies and deposit options including bank transfers, PayPal, debit cards and more. * Operating since 2013 with the highest security standards, never suffered a hack. Cryptocurrency trading involves substantial risk, including the possible loss of principal. Digital asset markets are volatile and may not be suitable for all investors. Nothing herein constitutes investment, legal, or financial advice. ENRICH your inbox with its best stories. Brian Njuguna Brian Njuguna is a seasoned crypto journalist at Coinpaper, specializing in blockchain innovation, market trends, and regulatory developments. With a background in economics and years of experience covering the digital asset space, Brian delivers sharp, data-driven insights that cut through the hype. His reporting bridges global crypto narratives with emerging market perspectives, making complex topics accessible to a wide audience.