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  • The hub sources liquidity from multiple digital asset avenues, including crypto exchanges.
  • The supported pairs are BTC, BCH, ETH, ETC, LTC, and USD.

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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.

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XRP not among the supported pairs

Interestingly, Ripple omitted its own XRP from the list of supported digital assets, sparking controversy among the XRP community. In the announcement, Ripple said the hub would have Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ethereum Classic (ETC), Litecoin (LTC), and USD pairs. Additionally, the hub would operate as a standalone solution or as part of the cross-border payments solutions.

Experts speculate that the omission of XRP and having the hub operate as a standalone offering could be due to the ongoing case between Ripple and the Securities and Exchange Commission (SEC).

Ripple is popular in financial technology, offering multiple liquidity solutions and cross-border remittance services supported by its ODL solution, currently used by several banks globally.

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