Ripple has released a white paper outlining a Digital Primary Broker (DPB) model designed to simplify cryptocurrency trading for institutions such as banks and hedge funds. The model is built on the XRP Ledger and aims to centralize operations, aggregate liquidity, and manage credit limits, thereby reducing capital requirements and counterparty risk. This move seeks to address the inefficiencies exposed by events like the FTX collapse, offering faster settlement speeds and greater transparency. Ripple's CEO stated that their goal is to connect cryptocurrencies with traditional finance, rather than compete with banks.