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Delio, one of the emerging companies in the digital asset market, announced its new services in Ripple (XRP). Delio introduced Ripple savings products earlier in March, and the number of deposits skyrocketed in two weeks, demonstrating the massive attention of long-term investors. The company is preparing XRP lending services such as loans in KRW, USD, and USDT, using Ripple as collateral.
Delio’s fixed-rate lending products let users manage funds regardless of market volatility.
In the global digital asset market, Ripple is the 6th largest after BTC, ETH, USDT, BNB, and USDC, of which about 12% are traded in Korea. Decentralized finance companies are still evaluating XRP’s full potential. To address the current market situation, Delio is going to offer deposit and loan services for Ripple investors.
Importantly, Prime Brokerage Service (PBS) will be provided exclusively for Ripple long-term savers. It’s a professional concierge service, that mostly provides legal and tax assistance on digital assets to corporate and institutional investors.
Additionally, the Ripple payment system will be added to the Delio Vault, which will enable customers to buy Ripple products through card companies that are affiliated with Delio.
Lastly, a swap service between Ripple and other virtual assets is offered through Delioswap, a decentralized exchange (DEX). The convenience and accessibility of Ripple users will be enhanced if it is listed on Delioswap as it will be swapped with other digital assets without going through a centralized exchange.
Delio launched an NFT marketplace on April 11 this year, called bluebay, in which the payment for NFTs can be made using Ripple. To upgrade the user experience, the company will expand its payment options from only Ethereum to Ripple and DSP (Delio).
The CEO says, “Through Delio, customers are looking for ways to manage assets and create value, like Ripple’s slogan, the world strives to move value. The first igniter we chose was Ripple.”
“To pioneer the digital asset financial market and expand its value, we will continue to expand into major altcoins.” He adds.
Delio is preparing various CeFi and Defi services including deposits, lending, and NFT payments, which will shape the digital market.
Delio is a certified crypto bank for digital asset management. Established in 2018, the company has acquired business licenses from Korean and US authorities. It has a Money Services Business (MSB) license from Financial Crimes Enforcement Network (FinCEN), Virtual Asset Service Provider (VASP) license from Korea Financial Intelligence Unit (KoFIU), and Information Security Management System (ISMS) license from Korea Internet and Security Agency (KISA).
The company’s services include crypto savings, crypto loans (lending), crypto-wallets, brokerage services, token swaps, and the NFT marketplace. Delio users’ digital asset savings and lending amount grew by 500% and 650% respectively in the previous year. The service app is available for both iOS and Android devices.