XRP Update Today: Institutional Embrace of Blockchain Accelerates as Crypto Markets Remain Flat

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The cryptocurrency market continues to experience a period of weak consolidation as

finds it challenging to maintain key psychological levels. However, institutional interest in blockchain infrastructure is steadily increasing, gaining . A notable advancement in this area is Calastone’s adoption of Polygon’s blockchain, which will simplify tokenized fund distribution for 4,500 institutions in 58 countries, according to . This collaboration utilizes Polygon’s extremely low transaction fees and rapid settlement times to facilitate quicker transactions at reduced costs, representing a major move toward integrating blockchain into mainstream capital markets, as highlighted.

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Processing over £250 billion in transactions each month, Calastone has broadened its tokenization initiatives by launching Tokenized Fund Share Classes on Polygon. These digital assets, which represent traditional mutual funds and ETFs, are fully backed by real-world assets, enabling fund managers to benefit from blockchain efficiencies without needing to overhaul their current administrative systems, as reported by

. Simon Keefe, Calastone’s Head of Digital Solutions, stated that this integration “connects our global network with the advantages of blockchain to make fund distribution more efficient,” positioning Calastone as a link between conventional finance and decentralized technology, as noted.

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Alongside the growing institutional adoption of blockchain, tokenized stocks are rapidly gaining traction. XStocks, a collaborative effort between Backed and Kraken, has reached $10 billion in trading volume just four months post-launch, offering tokenized shares in companies such as Nvidia and Amazon. With $135 million in assets under management and 45,000 onchain holders, the platform demonstrates increasing interest in fractional, programmable asset ownership, as

reported. At the same time, Canary Capital is testing regulatory waters by applying for a spot ETF, which could launch as early as November 13, 2025. This move follows the successful introduction of and ETFs, indicating a broader interest in alternative cryptocurrencies, according to .

Polygon’s influence in this sector is growing quickly. Recent improvements, such as the Rio hard fork, have increased its transaction capacity to 5,000 per second. Partnerships with Stripe and German financial institution NRW.BANK further reinforce its reputation among institutions. The AggLayer project aims to build a “connected network of chains,” strengthening Polygon’s role as a scaling solution for

and other platforms, as reported. Experts point out that Polygon’s current price of $0.17—well below its all-time high of $2.90—suggests it is undervalued, especially given its expanding use in cross-border payments and institutional systems, as observed.

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Despite these advancements, regulatory uncertainty remains a significant challenge. The SEC’s review of more than 90 crypto ETF proposals illustrates the cautious stance of U.S. regulators. Nevertheless, the automatic approval of Canary’s XRP ETF application and the success of the Rex-Osprey XRP ETF—which now manages $138 million—point to a changing environment. As Eric Balchunas from Bloomberg ETFs remarked, “All requirements are being met,” suggesting that XRP and other altcoins could see increased institutional investment once regulatory clarity improves, as

reported.

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While headlines focus on Bitcoin’s stagnant price and the anticipated reopening of the U.S. government, the foundational infrastructure of blockchain finance is advancing at a rapid pace. From tokenized real-world assets to institutional-grade ETFs, the industry is showing both resilience and innovation. With Polygon’s minimal transaction fees and Calastone’s extensive network transforming capital markets, the crypto sector is steadily moving toward mainstream acceptance—even as it navigates regulatory and market fluctuations.