Data center operator Hyperscale Data has announced plans to purchase up to $10 million worth of XRP in preparation for the launch of its new blockchain-based lending platform in the third quarter of 2025. Led by its subsidiary, Ault Capital Group (ACG), it is a focused step into decentralized finance with an eye on serving U.S. public companies.
As the core asset for a new enterprise lending system, XRP will be used exclusively for companies listed on the NYSE, NYSE American and NASDAQ. Initially in beta, the platform will allow eligible firms to borrow XRP on negotiated terms, backed by collateral or convertible into registered equity.
What about volatility?
As a hedge against crypto volatility, ACG plans to use XRP futures on the Chicago Mercantile Exchange. Additionally, the platform will be built on the XRP Ledger, which was chosen for its speed and low cost.