Ripple has launched a $750 million share buyback program, valued at around $50 billion, higher than the $40 billion valuation from its last funding round in November. According to the report, Ripple plans to repurchase up to $750 million worth of shares from employees and early investors through a tender
On March 10, Ripple publicised that it has plans to acquire BC Payments to have an Australian Financial Services Licence (AFSL) as it looks to expand its presence in the Asia Pacific region. In the statement, Ripple added that having the AFSL via the acquisition will help the firm to
A senior executive at Ripple said that XRP has the potential to be a connecting element in the financial systems based on the blockchain technology. Markus Infanger echoed this view in a discussion on the evolving nature of the XRP ecosystem. Infanger said that the XRP ledger is still evolving
Ripple is expanding its institutional trading capabilities by providing users with access to regulated crypto derivatives contracts on Coinbase’s derivatives exchange, which are cleared by Nodal Clear. The connection enables users to trade futures based on key cryptocurrencies within a regulated clearing system. According to the reports, Ripple Prime members
Ripple has announced a major expansion of its global payments platform into a complete infrastructure system for businesses that want to manage money using both traditional currencies and stablecoins. The company said that its platform has now processed more than $100 billion in transaction volume. Ripple to Full payment solutions
Brad Garlinghouse, the CEO of Ripple, stated that he thinks the Clarity Act will be passed through the U.S. Congress by the end of April. Garlinghouse estimated that there was a 90% chance of this happening, based on the recent talks in Washington. This was said during and after a
The United States Commodity Futures Trading Commission announced appointments to a new committee that would provide advice on regulatory and industry developments regarding digital assets. Coinbase CEO Brian Armstrong confirmed his position as a member of the committee representing crypto exchange interests. The advisory committee also has Ripple CEO Brad
The Blockchain and Fintech firm Ripple and the UAE-based digital bank Zand have partnered to accelerate the region’s adoption of regulated stablecoin and other innovative solutions powered by Zand’s dirham-backed token and Ripple’s USD stablecoin. According to the official statement released by Zand Bank on February 10, the partnership is
Ripple has continued to improve its institutional offering by enhancing its custody offering with strategic partnerships. Ripple transformed its custody offering with the integration of strategic partners. The company also integrated hardware security modules with its custody offering, with a view to providing digital asset protection. Ripple also partnered with
The institutional brokerage arm of Ripple has permitted access to decentralised derivatives markets by amalgamating Hyperliquid into its Prime brokerage platform. The firm publicised the partnership through a statement published on February 4, keeping it as a step to connect traditional finance with decentralised trading. Ripple has stated that Ripple
