Tag: Ripple

Interactive Brokers adds USDC funding, with Ripple and PayPal stablecoin support next week

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Key Takeaways Interactive Brokers now allows eligible US clients to fund accounts with USDC for near-instant deposits, available 24/7 including weekends. RLUSD and PYUSD support is expected next week, with stablecoins automatically converted to USD upon receipt via Ethereum, Solana, or Base. Share this article Interactive Brokers, the global electronic brokerage firm, now allows eligible clients to fund their accounts using stablecoins, with near-instant processing available around the clock, including weekends and holidays. The company announced Thursday that the new funding option enables deposits and trading across 170 global markets…

Ripple invests $150M in LMAX to expand RLUSD use across FX and crypto markets

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Key Takeaways Ripple will provide $150 million in financing to support LMAX’s cross-asset expansion as RLUSD becomes core collateral for FX, crypto, and CFDs. The partnership combines LMAX’s regulated trading infrastructure with Ripple Prime’s stablecoin brokerage services to serve institutional clients. Share this article Ripple and LMAX Group have formed a multi-year partnership to accelerate the convergence of traditional and digital finance, with Ripple investing $150 million to support LMAX’s cross-asset growth strategy. Under the agreement, LMAX will integrate RLUSD, Ripple’s fiat-backed stablecoin, as a core collateral asset across its…

Ripple wins second European regulatory approval in a week

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Key Takeaways Ripple said it has secured preliminary approval for an Electronic Money Institution license from Luxembourg’s financial regulator. The milestone follows a recent UK regulatory clearance. Share this article Ripple has gained preliminary approval for an Electronic Money Institution (EMI) license in Luxembourg, according to an announcement made on Wednesday. Luxembourg has positioned itself as the premier hub for Markets in Crypto Assets (MiCA) compliance, attracting other major players like Coinbase. Ripple President Monica Long says the EU’s early adoption of a comprehensive digital asset regulation has given financial institutions…

Ripple Gains UK Regulatory Approval Via Local Arm

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Cryptocurrency company Ripple is expanding its regulatory footprint after securing authorization from the United Kingdom’s Financial Conduct Authority (FCA). The FCA granted Ripple’s UK subsidiary, Ripple Markets UK, an Electronic Money Institution (EMI) registration and registered it under the UK’s Money Laundering Regulations (MLRs), according to official records. The EMI license allows companies to provide payment services and issue electronic money, a move that could potentially impact Ripple as it issues its stablecoin, Ripple USD (RLUSD). The approval came as the FCA set a timeline for its new crypto licensing…

Ripple wins FCA approval to offer compliant payment services in UK

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Key Takeaways Ripple’s UK subsidiary has gained registration from the Financial Conduct Authority (FCA), allowing the company to offer regulated payments within Britain. The move is significant as it aligns with the UK’s strategy to integrate digital assets into its financial infrastructure, providing a regulated pathway for the growth of the crypto market. Share this article Ripple, the blockchain company specializing in cross-border payments, has secured an Electronic Money Institution (EMI) authorization from the UK’s Financial Conduct Authority through its UK subsidiary, as shown in records published on the regulator’s…

‘We Still Plan to Remain Private‘ Says Ripple President on IPO Plans

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The reiteration of the payment company‘s plans not to pursue a public offering followed a $500 million fundraise in November, leading to a $40 billion valuation for Ripple. Ripple Labs president Monica Long has ruled out an IPO for the company, saying it was in a “really healthy position” without going public. In a Tuesday interview with Bloomberg, Long addressed rumors that Ripple was planning to go public after the company reached a $40 billion valuation in November. The Ripple president said the company was focused on growth following the…

Ripple President Monica Long says company will stay private despite $40 billion valuation

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Key Takeaways Ripple sees no rush for an IPO despite a massive $40 billion valuation. Monica Long emphasizes a strong balance sheet and backing from major strategic investors such as Citadel and Fortress. Share this article Ripple President Monica Long reiterated that the company is under no pressure to go public following a $500 million raise that pushed its valuation up to $40 billion. Speaking on Bloomberg Crypto this week, Long said a strong balance sheet and access to private capital remove the need for public-market liquidity. “Currently, we still…

Ripple veteran David Schwartz officially transitions to CTO Emeritus role

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Key Takeaways David Schwartz, the long-serving chief technology officer at Ripple, has transitioned to a CTO Emeritus role. Schwartz announced his decision to step back from daily responsibilities in October 2025 to focus on family and hobbies. Share this article Ripple veteran David Schwartz officially departed from the company’s executive leadership this week. The former technology officer also updated his title to “CTO Emeritus” on X and LinkedIn. Schwartz directed the technical evolution of Ripple’s cross-border payment systems and managed its global engineering organization. The XRP Ledger co-architect, who served…

VivoPower partners with Lean Ventures in $900M Ripple and XRP-linked deal

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Key Takeaways VivoPower’s Vivo Federation, in partnership with Lean Ventures, will initiate a $300 million purchase of Ripple Labs shares. The deal’s economic exposure has been benchmarked against the XRP market, equating to a notional value of about $900 million. Share this article VivoPower announced that its digital asset unit, Vivo Federation, has been mandated by Lean Ventures to source $300 million worth of Ripple Labs shares for the South Korean asset manager. This means that Vivo Federation will arrange the $300 million purchase of private Ripple Labs shares on…

Ripple Expands RLUSD to Ethereum Layer 2s with Wormhole

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Ripple Labs is expanding its US dollar-backed stablecoin RLUSD to Ethereum layer-2 blockchains as part of a pilot while it awaits regulatory approval for a full rollout next year. In partnership with Wormhole, a crosschain interoperability protocol that allows assets to move between different blockchains, the pilot will test RLUSD on Optimism, Base, Ink, and Unichain, according to a statement from Ripple on Monday. Initially, RLUSD was issued on the XRP Ledger and Ethereum; however, Ripple said that the latest expansion is “essential for a scalable, efficient, and interoperable future.”…