Tag: Ripple

Ripple, Big VCs Back OpenEden to Scale Tokenized US Treasurys

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Real-world asset (RWA) tokenization platform OpenEden has closed an investment round backed by major trading firms, venture capital funds, blockchain networks and institutional infrastructure providers to scale tokenized US Treasurys. The round follows OpenEden’s 2024 raise with YZi Labs and comes as tokenized versions of short-dated government debt have become one of crypto’s fastest-growing niches in 2025, the firm said in a Tuesday press release. “As tokenization scales in adoption, institutions and protocols are seeking trusted, compliant infrastructure to bring traditional assets on-chain,” Jeremy Ng, founder and CEO of OpenEden,…

Ripple Secures Green Light to Grow Payment Services in Singapore

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Ripple Labs has received approval from Singapore’s central bank to expand its payment activities in the region, amid a broader push to grow its business and institutional-focused offerings through acquisitions. Ripple’s Singapore subsidiary, Ripple Markets APAC, has been approved by the Monetary Authority of Singapore (MAS) to expand the scope of its regulated payment activities under its Major Payment Institution (MPI) license, the company said on Monday. Monica Long, Ripple’s President, said in a statement that the company values “Singapore’s forward-thinking approach,” and the “expanded license strengthens our ability to…

Ripple RLUSD Approved for Institutional Use in Abu Dhabi

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Ripple’s dollar-pegged stablecoin was cleared for use by institutions in Abu Dhabi after winning recognition as an Accepted Fiat-Referenced Token by the local watchdog. In a Thursday announcement, Ripple said the approval allows regulated firms to deploy Ripple USD (RLUSD) inside the Abu Dhabi Global Market’s (ADGM) financial zone,  an international financial center and free zone located on Al Maryah and Al Reem Islands in Abu Dhabi. “With a market capitalization of over $1 billion and growing adoption in core financial uses like collateral and payments, RLUSD is quickly becoming…

Will The Low XRP Price Force Ripple To Dump Its Holdings? Exec Answers Community

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XRP’s decline in recent weeks has led to questions among holders who worry that Ripple may be pushed into selling more of its XRP reserves to maintain operations. This concern resurfaced as discussions around Ripple’s shifting business model gained traction, especially with the company’s RLUSD stablecoin.  The conversation was held on the social media platform X, where Ripple’s Chief Technology Officer, David Schwartz, stepped in to address whether a lower XRP price could force Ripple into additional token sales. Ripple CTO Says Falling Prices Do Not Increase Selling Pressure Schwartz’s…

Ripple has no immediate plans for an IPO, says President Monica Long

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Key Takeaways Ripple has no immediate plans to go public through an IPO, as stated by President Monica Long. The company is well-capitalized and not under pressure to go public anytime soon. Share this article Crypto-focused financial technology firm Ripple has no immediate plans for an IPO, according to President Monica Long. She made the statement at the Ripple Swell conference this week, emphasizing the company’s strategic independence from the public markets. Long told Bloomberg that Ripple is well-capitalized and able to fund all its growth initiatives without the need…

Ripple Hits $40B Valuation with Citadel, Fortress Backing

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Blockchain payments company Ripple has been valued at $40 billion following new equity investments from Citadel Securities and Fortress Investment Group, underscoring the growing appeal of blockchain technology among mainstream financial institutions. According to a Financial Times report on Wednesday, Ripple raised $500 million from several investors in its latest funding round, which cemented the lofty valuation. The deal signals a broader shift as established Wall Street firms move to gain exposure to the digital payments and blockchain sector despite ongoing market pressures.  Other investors included hedge fund Brevan Howard…

Ripple secures $500 million investment led by Fortress and Citadel Securities at $40 billion valuation

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Key Takeaways Ripple secures $500 million investment to expand its services. Fortress and Citadel Securities lead the funding round. Share this article Ripple, a US-based blockchain firm expanding its institutional custody and wallet services through strategic acquisitions, secured a $500 million investment at a $40 billion, backed by top-tier institutional investors including funds affiliated with Fortress Investment Group, Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace. Fortress, a crypto custody provider previously involved in blockchain infrastructure deals, partnered with Citadel Securities, a major market maker, to lead…

Ripple President Monica Long outlines XRP Ledger’s next phase with lending protocol and stablecoin expansion

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Key Takeaways Monica Long, Ripple President, outlined Ripple’s future strategy at Swell 2025 in New York City. The event brings together leaders from major banks, asset managers, and institutions to discuss blockchain’s financial impact. Share this article Ripple President Monica Long said the company is doubling down on XRP Ledger innovation alongside its commercial business serving financial institutions. Speaking at Ripple Swell 2025 today, Long noted that the team is fully dedicated to advancing the ledger’s capabilities, with several new features recently proposed for amendment. “Next up is a lending…

Ripple Buys Palisade to Boost Institutional Crypto Offering

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Crypto services company Ripple has acquired the crypto custody and wallet company Palisade to expand its business and institutional-focused offerings. Ripple announced on Monday that Palisade’s wallet-as-a-service offering would be integrated into Ripple Custody, its crypto custody arm targeting banks, and stated that the acquisition aims to serve “fintechs, crypto-native firms, and corporates.” “Corporates are poised to drive the next massive wave of crypto adoption,” Ripple president Monica Long said in a statement. “Just as we’ve seen major banks go from observing to actively building in crypto, corporates are now…

Ripple acquires Palisade to enhance asset custody and payment solutions

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Key Takeaways Ripple has acquired Palisade, a fintech provider of scalable wallet technology. The acquisition will boost Ripple’s institutional crypto infrastructure and payment services. Share this article Ripple, a US-based blockchain firm, has acquired Palisade, a fintech provider specializing in scalable wallet technology for secure asset custody and seamless on/off ramps, to strengthen its institutional crypto infrastructure and payment capabilities. The acquisition positions Ripple to integrate Palisade’s wallet technology into its existing Ripple Payments platform, which facilitates global corporate transfers, and Ripple Custody service, which offers secure storage and transfer…