XRP News Today: Institutional Blockchain Adoption Gains Momentum Amid Crypto Market Stagnation

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The crypto market remains in a weak consolidation phase as Bitcoin struggles to hold the psychological threshold, but institutional adoption of blockchain infrastructure is gaining momentum. A pivotal development in this space is Calastone's integration of Polygon's blockchain to streamline tokenized fund distribution for 4,500 institutions across 58 markets, as reported by Crypto News. The partnership leverages Polygon's sub-cent transaction fees and near-instant finality to enable faster settlements and lower costs, marking a significant step toward mainstreaming blockchain-based capital markets, as Crypto News reported.

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Calastone, which processes over £250 billion in monthly transactions, has expanded its tokenization efforts by launching Tokenized Fund Share Classes on Polygon. These digital representations of traditional mutual funds and ETFs are backed 1:1 by real assets, allowing fund managers to access blockchain efficiencies without overhauling existing administrative processes, as Blockonomi reported. Simon Keefe, Calastone's Head of Digital Solutions, emphasized that the integration "unites our global network with blockchain's efficiencies to streamline fund distribution," positioning the firm as a bridge between traditional finance and decentralized infrastructure, as The Block reported.

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Parallel to institutional-grade blockchain adoption, tokenized equities are surging in popularity. XStocks, a joint venture between Backed and Kraken, has hit $10 billion in trading volume within four months of its launch, offering tokenized shares of companies like Nvidia and Amazon. The platform's $135 million in assets under management and 45,000 onchain holders signal growing demand for fractionalized, programmable ownership, as Cointelegraph reported. Meanwhile, Canary Capital is pushing regulatory boundaries by filing for a spot XRP ETF, which could debut as early as November 13, 2025. This follows successful launches of Litecoin and Hedera ETFs, reflecting a broader appetite for altcoin exposure, as BeInCrypto reported.

Polygon's role in this ecosystem is expanding rapidly. Recent upgrades, including the Rio hard fork, have boosted its transaction throughput to 5,000 per second, while partnerships with Stripe and German lender NRW.BANK underscore its institutional credibility. The platform's AggLayer initiative aims to create a "unified web of chains," further cementing its position as a scaling solution for Ethereum and beyond, as Crypto News reported. Analysts note that Polygon's $0.17 price point—despite a $2.90 all-time high—reflects its undervaluation relative to its growing utility in cross-border payments and institutional infrastructure, as Messari reported.

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Regulatory clarity remains a hurdle, however. The SEC's ongoing review of over 90 crypto ETF applications highlights the cautious approach of U.S. authorities. Yet, the automatic approval of Canary's XRP ETF filing and the success of the Rex-Osprey XRP ETF—now managing $138 million—suggest a shifting landscape. As Eric Balchunas of Bloomberg ETFs notes, "All boxes are being checked," with XRP and other altcoins poised to attract institutional capital once regulatory uncertainty abates, as Blockonomi reported.

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While Bitcoin's price stagnation and the U.S. government's looming reopening dominate headlines, the underlying infrastructure of blockchain finance is evolving rapidly. From tokenized real-world assets to institutional-grade ETFs, the sector is demonstrating resilience and innovation. As Polygon's sub-cent fees and Calastone's global network redefine capital markets, the crypto industry inches closer to mainstream adoption—even amid regulatory and price volatility.