Fintech firm Ripple has announced a new service aimed at finance companies that will allow them to offer cryptocurrency trading to customers.

Ripple unveiled the Liquidity Hub service in a blog post on Tuesday, touting a "crypto-first futurity" in which every company will need to take a strategy for crypto assets.

The new service will target its enterprise clients, giving them access to digital assets from a range of providers such as exchanges, marketplace makers and over-the-counter trading desks. It is currently in the preview stage and will launch in 2022.

Liquidity Hub volition initially support Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Ethereum Classic (ETC), Bitcoin Cash (BCH) and XRP with availability varying past geographical location, according to the annunciation.

The company plans to expand its crypto asset offerings and include other tokens, including nonfungible tokens, or NFTs, in the future.

RippleNet general managing director Asheesh Birla said that the visitor has been using this crypto sourcing technology to support its On-Demand Liquidity production for virtually 2 years. He added, "Our customers would want access to the same trusted one-stop-shop for buying, selling, and holding crypto assets that has powered our ain extensive work with fiscal institutions."

America's commencement licensed Bitcoin ATM visitor, Coinme, is the showtime partner for the alpha version of Liquidity Hub.

Related: 'Overtime, we will see the NFT market broaden,' says Ripple CTO David Schwartz

Ripple is likewise delving deeper into decentralized finance, or DeFi, announcing plans to offer crypto staking and investment services. Birla added that it is but logical that clients will want the side by side generations of services afterwards buying and holding Ether.

On Saturday, Cointelegraph reported that Ripple volition be supporting wrapped XRP (wXRP) on the Ethereum network, enabling holders of its native token to interact with DeFi protocols.

The San Francisco-based fintech firm is however embroiled in an ongoing boxing with the Usa Securities and Exchange Commission. In the latest turn in the saga, Magistrate Approximate Sarah Netburn has ordered the company to find and produce video and audio recordings of its internal meetings for evidence in the instance.

The fiscal regulator is suing Ripple and its executives for allegedly raising more than $1.3 billion through an unregistered securities offering.