The launch will bring bitcoin-based assets on chain, which the firm says will allow institutional counterparties to use them for initial margin (IM) solutions
Ripple USD is backed by US dollar deposits, short-term government bonds, and cash equivalents, that aim to provide stability and liquidity for institutional traders
Crypto Finance, also a Deutsche Börse Group company, will act as sub-custodian and offer settlement and custody services in crypto assets to institutional investors
