XRP community members @RipplePandaXRP and @WKahneman posted tweets announcing that the Ripple ODL trademark is now officially registered with the UAE Ministry of Economy.
According to the tweet, the Liquidity On Demand product has been registered by the commercial department of the UAE regulator to provide P2P financial data delivery services.
According to the translation provided in the comments, Ripple has registered ODL to provide electronic financial services related to payments using fiat currencies and exchange digital and fiat currencies over the network.