XRP

XRP is the native token of the XRP Ledger, a Layer 1 blockchain specifically engineered for high-performance global payments and cross-border settlements. Developed through the XRP Ledger's federated consensus mechanism rather than traditional mining or proof-of-stake systems, XRP enables transactions to finalize within three to five seconds at a sustained throughput of 1,500 transactions per second. The token functions as a neutral bridge asset between different fiat currencies, allowing financial institutions to reduce liquidity costs and settle payments without pre-funded accounts. The XRP Ledger's architecture incorporates a built-in decentralized exchange for tokenized asset trading and employs a small transaction fee mechanism that burns XRP to protect against spam. Originating from work begun in 2004 and formalized by co-founders Jed McCaleb and Chris Larsen through Ripple Labs, XRP has achieved significant institutional recognition, including the approval of spot XRP exchange-traded funds by the SEC in November 2025 from providers such as Bitwise, Grayscale, 21Shares, Canary Capital, and Franklin Templeton. The network operates as a decentralized open-source protocol while maintaining partnerships with major financial institutions seeking to modernize cross-border payment infrastructure.