Tag: Ripple

Ripple Partners With Saudi Bank Unit on Blockchain Infrastructure

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Ripple has partnered with the innovation arm of Riyad Bank, a major Saudi financial institution, to explore the use of blockchain technology within the country’s financial system, signaling growing interest in blockchain-based infrastructure at the institutional level. The partnership was announced Monday by Reece Merrick, Ripple’s senior executive officer and managing director for the Middle East and Africa. Merrick said Ripple is working with Jeel, Riyad Bank’s innovation unit, as part of an agreement to study potential applications of blockchain technology. Source: Reece Merrick The arrangement will take the form…

Ripple President Monica Long predicts half of Fortune 500 will adopt crypto strategies this year

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Ripple President Monica Long projects that approximately 50% of Fortune 500 companies will maintain crypto exposure by the end of 2026, implementing formal strategies that include tokenized assets, onchain Treasury bills, stablecoins, and programmable financial instruments. “After one of crypto’s most exciting years (and Ripple’s), the industry is entering its production era,” Long said via her official X account. “In 2026, we’ll see the institutionalization of crypto.” According to Long, 2026 marks a true inflection point for institutional adoption and the broader expansion of the Internet of Value, as she…

Charles Hoskinson criticizes Ripple CEO Brad Garlinghouse for backing flawed CLARITY Act

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Key Takeaways Charles Hoskinson criticized Ripple’s Brad Garlinghouse for supporting the CLARITY Act, which he considers flawed. Hoskinson argued that passing compromised legislation could lead to long-term negative impacts on the crypto industry. Share this article Charles Hoskinson publicly challenged Ripple CEO Brad Garlinghouse over his support for the draft CLARITY Act, calling the bill a dangerous compromise rather than real regulatory clarity. The Cardano founder argued during a recent livestream that the current bill version, which seeks to establish a comprehensive regulatory framework for digital assets while promoting innovation,…

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…