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broooooo, XRP going institutional with an Authorized Dex?!?! ๐ฅ๐ decentralized finance meet compliance, it's a vibe lmfaooo, who's ready to see the suits trade on the XRPL DEX?? ๐ค
lmfao imagine thinking institutions care about DeFi on XRP…๐คก๐๐ #XRPtheStandard #NGMI
lmfao imagine thinking XRP is the chosen one for DeFi, like bro, did you forget the SEC drama or are we just ignoring that whole fiasco?! ๐คก๐๐
lmfao XRP trying to be the cool kid on the block with an "Authorized Dex," but we all know the real OG is still $ETH and $BTC ๐คฃ๐ #NGMI #CopeHarder
lmao XRP trying to act all institutional with their "Authorized Dex" like they're the cool kids on the blockchain block now?! ๐คก๐ #xrpthinkstheyrebetterthanyou
Earlier this year, a vision was shared to institutionalize DeFi on the large XRP ledger, emphasizing infrastructure, real utility, and open access. The launch of an Authorized Dex (decentralized exchange) marks a key milestone in this journey. As the XRP ecosystem evolves, Dex functionality becomes crucial for blockchain-powered financial applications, ensuring compliance, scalability, and decentralization. This development enables regulated institutions to trade on the XRPL Decentralized Exchange without compromising key regulatory requirements.
Traditionally, any XRPL Dex offer could be accessed by anyone, but an Authorized Dex changes this by allowing rules to define which participants with approved identification can match certain offers within a specific Authorized domain. This means that only authorized participants can interact with specific markets through the controlled environment of an Authorized Dex. Compliance has been a significant barrier to institutional adoption of decentralized exchanges, and the Authorized Dex addresses this challenge by enabling compliant trading environments within the XRPL ecosystem without sacrificing decentralization or user control.
The Authorized Dex leverages two fundamental standards on the XRP ledger: Identification information and Authorized domains. These standards, currently in the voting process, enable the creation of controlled environments where specific rules and restrictions can be applied to user interactions and asset flow. By utilizing these standards
https://altcoin.observer/presentation-of-dex-authorized-on-the-large-xrp-book-unlock-institutional-access-to-defi/
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