The decentralised counterpart to the Binance Exchange platform, Binance DEX, yesterday revealed they will be listing XRP-BF2, a token backed by real XRP assets and pegged to XRP's value. The listing has been tipped to provide “More Liquidity and Trading Options to Users” by offering users the means by which for users to easily bridge XRP and XRP-BF2 via deposits and withdrawals on Binance. Currently, XRP/BNB trading pairs are available on Binance DEX, with more channels on partner wallets promised for launch soon. These tokens will be backed 1:1 by native XRP and will stay in publicly disclosed locations which can be accessed and monitored by anyone at all times. [cta text='Visit Binance' href='/out/binance'] Changpeng Zhao (CZ), the CEO of Binance, explained how the new listing will work “The swapping experience is optimized to be as easy as possible. When users withdraw XRP on Binance.com, they can choose either native XRP or the Binance Chain XRP. With no trading involved, it is always 1:1, there is no spread, no slippage, no fees. More significantly, this is not limited to XRP now. The same mechanism can be used to migrate other coins onto Binance Chain, where they can experience non-custodian trading that was not possible before.” Binance has claimed that 10,000,000 XRP-BF2 assets have been minted on their native chain, The Binance Chain, for the purpose of this new move. These tokens will be Binance's second outing into the pegged-token world. Back in June, they released their debut project of this type when they launched the Bitcoin-pegged token (BTCB). Their move into this realm of investment is said to be making a further step towards “becoming the financial infrastructure provider it strives to be.” Head over to Binance now to get involved in this latest investment possibility.