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XRP Flare CEO Hugo Philon expresses confusion about XRP price stagnation
Flare Networks CEO Hugo Philon is confused about XRP price stagnation after a major institutional consolidation involving XRP Ledger (XRPL). Philion believes the market reaction was unreasonable because the value of XRP fell despite what he called a statement that could change the landscape of the network.
Institutional integration with CSD BR
San Francisco-based blockchain payments company Ripple has entered into a partnership with Brazilian regulated financial market infrastructure provider CSD BR. Under the agreement, CSD BR will begin integrating XRP Ledger (XRPL) into its core systems. The first phase of the project focuses on digitizing the investment fund shares of BTG Pactual, one of the largest investment banks in Latin America.
Ripple executives pointed out that the initial impact of this cooperation will mainly focus on the digital representation of fund shares on XRPL. However, they also highlighted the potential for a wider range of use cases beyond this first phase.
Ripple executive Luke Judges said the integration could add as much as $15 billion to the "representative" market value of XRPL during its initial asset offering. Judges explained that this does not amount to $15 billion flowing into XRP itself; rather, it represents the total value of assets that have been digitized using XRPL infrastructure.
Judges said: "The initial offering under this project is expected to bring approximately US$15 billion in 'representative' market value to XRPL because it is currently a digital twin."
Judges hopes the asset release will be completed by the end of 2026, but also warns that the timetable may be adjusted if technical or operational challenges arise.
He also emphasized that XRPL is currently the only blockchain used in the CSD BR technology ecosystem.
Judges explained: "Today, XRPL is the only blockchain in the stack."
Dictionary: CSD BR
CSD BR, or Central de Serviços de Registro e Depósito, is a regulated financial market infrastructure provider in Brazil that specializes in the custody and registration of investment securities.
XRP Price Reaction and Market Sentiment
Despite the huge scale of the integration, XRP prices have little response. According to CoinGecko, XRP is currently trading at about $1.51 and has remained almost unchanged over the past seven days.
Philion, head of Flare Networks, said that whether it is XRP or Flare's own FLR tokens, sometimes see similar lackluster market responses after announcements he considers major developments.
Observers remain uncertain why such major infrastructure news failed to drive XRP prices higher, especially when the initiative could end up involving billions of dollars in digital assets backed by XRP Ledger.
