Tag: Ripple

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.”…

Ripple plans 2026 launch of RLUSD on Base and Optimism via Wormhole bridge

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Key Takeaways Ripple plans to bring RLUSD to multiple Ethereum L2s through Wormhole’s cross-chain messaging protocol. The expansion will include Optimism, Base, Ink Chain, and Unichain, with rollout expected in 2026. Share this article Ripple plans to expand its RLUSD stablecoin to multiple Ethereum layer 2 networks using Wormhole’s Native Token Transfers (NTT) standard, the company said on Monday. The expansion will bring RLUSD to Optimism, Base, Ink Chain, and Unichain, with availability slated for 2026. The move would make RLUSD one of the first U.S.-based trust-regulated stablecoins to integrate…

Ripple gets OCC approval to become national trust bank, joining BitGo and others

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Key Takeaways The OCC granted conditional approvals for five national trust bank charters, including Ripple and BitGo. Approved firms may offer federally regulated crypto custody and trust services pending final requirements. Share this article The Office of the Comptroller of the Currency (OCC) has conditionally approved five applications for national trust bank charters, including Ripple National Trust Bank and BitGo Bank & Trust. The approvals allow these firms to join the U.S. federal banking system, pending fulfillment of regulatory conditions. Other firms receiving approval include Fidelity Digital Assets, Paxos Trust…

Paxos, Fidelity, Ripple, BitGo and Cirlce Secure OCC Approval for Charters

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The US Office of the Comptroller of the Currency has conditionally approved five national bank charter applications for companies tied to the digital assets industry. In a Friday notice, the OCC said it had conditionally approved BitGo, Fidelity, and Paxos to convert their existing state-level trust companies into federally chartered national trust banks. In the same announcement, the regulator said it had conditionally approved new applications from Circle and Ripple for national trust bank charters. “New entrants into the federal banking sector are good for consumers, the banking industry and…

VivoPower establishes joint venture to acquire $300M in Ripple Labs shares, stock jumps 12%

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Key Takeaways Vivo Federation and Lean Ventures will jointly acquire $300 million in Ripple Labs shares for South Korean investors. This investment structure offers VivoPower exposure to Ripple Labs and XRP upside without using its own capital. Share this article VivoPower International PLC, which is transforming into an XRP-focused digital asset enterprise, announced Friday that its Vivo Federation unit has partnered with Lean Ventures in a definitive joint venture to purchase $300 million worth of Ripple Labs shares. Under the agreement, Lean Ventures will arrange for the establishment of a…

Ripple Exec Says XRP Needs a Solana-Style Playbook to Keep Up

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Key takeaways: Luke Judges states that technical strength alone cannot guarantee long-term competitiveness, suggesting that XRP could benefit from Solana’s pragmatism and execution speed. Judges believes Solana’s market traction comes from practical engineering and a fast go-to-market strategy rather than protocol design alone. David Schwartz takes the opposite position, arguing that XRPL’s reliability and stability are more valuable than pursuing high-throughput chains. Judges highlights that developer onboarding, tooling and validator incentives are critical for sustaining growth and reducing centralization risks. Luke Judges, global partner success lead and director of Ripple,…

Ripple Marks Another Milestone In Bid To Dominate Global Payments With XRP

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On December 1, 2025, Ripple announced a major regulatory upgrade in Singapore, reinforcing its ambition to make XRP a central instrument for global payments. The expanded license allows the company to streamline cross-border money transfers, expand its payments infrastructure, and provide faster, more transparent settlements to financial institutions worldwide. Ripple Intensifies Its Global Payments Playbook The Singapore regulatory upgrade extends the scope of Ripple’s Major Payment Institution (MPI) license, giving its subsidiary, Ripple Markets APAC Pte. Ltd., authority to operate a fully regulated, end-to-end payments platform. The license enables Ripple…

RedotPay Launches NGN Crypto Cashouts via Ripple

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RedotPay has teamed up with Ripple to launch “Send Crypto, Receive NGN,” a new feature that lets users convert digital assets into Nigerian naira and receive the funds in local bank accounts within minutes. The service is built on Ripple Payments and supports a basket of major tokens at launch, including USDC (USDC), USDt (USDT), Bitcoin (BTC), Ether (ETH), Solana (SOL), Tron (TRX), XRP (XRP) and BNB (BNB), with Ripple USD (RLUSD) expected to be added later, Ripple said in a Tuesday announcement. “RedotPay is building stablecoin‑powered payments that make…