Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have jointly requested a federal court to dissolve the long-standing injunction that barred Ripple from certain XRP sales and to release over $125 million currently held in escrow. This move marks a significant development in the high-profile legal battle that ...
Ondo Finance has launched its tokenized U.S. Treasuries product, Ondo Short-Term U.S. Government Treasuries (OUSG), on the XRP Ledger (XRPL), marking a major step forward for institutional finance on blockchain. The move enables qualified investors to mint and redeem OUSG directly using Ripple’s enterprise-grade stablecoin, RLUSD. By integrating with XRPL, ...
Ripple is significantly expanding its commitment to the Asia-Pacific (APAC) region, injecting over $5 million in additional funding through its University Blockchain Research Initiative (UBRI). This investment aims to cultivate next-generation blockchain talent and advance academic research across six countries. The new funding strengthens existing partnerships in South Korea, Japan, ...
Ripple has announced a new grant initiative aimed at accelerating the growth of Japan’s Web3 ecosystem, with a focus on projects building on the XRP Ledger. The program, revealed in a June 9 blog post, is a collaboration with Web3 Salon—a networking platform backed by the Asia Web3 Alliance Japan ...
Ripple’s U.S. dollar-backed stablecoin RLUSD has received regulatory approval from the Dubai Financial Services Authority (DFSA) for use within the Dubai International Financial Centre (DIFC), marking a key milestone for the firm’s global expansion efforts. The green light makes RLUSD one of the few stablecoins approved under both the DFSA’s ...
Circle, the company behind the USDC stablecoin, remains committed to going public but is also reportedly in informal acquisition talks with Ripple and Coinbase, according to a report from Fortune. The potential sale, however, hinges on a hefty valuation—at least $5 billion—matching Circle’s IPO target. Ripple is said to have ...
Ripple has expanded its operations in the UAE by onboarding Zand Bank and fintech firm Mamo to its blockchain-based cross-border payments platform. As confirmed in a May 19 press release, these partnerships reinforce Ripple’s broader strategy to deepen its presence across the Middle East. Ripple Payments momentum is building in ...
A senior U.S. Securities and Exchange Commission (SEC) official has criticized a proposed settlement between the agency and Ripple Labs, potentially marking the final chapter of a years-long legal dispute over the XRP token. On May 8, the SEC and Ripple jointly filed a settlement request in a New York ...
In a major development in the long-standing legal battle over XRP, the U.S. Securities and Exchange Commission (SEC) and blockchain firm Ripple Labs have agreed to pause their respective appeals, paving the way for what many believe could be a final settlement. The joint decision to place the appeals in ...
Ripple has announced its acquisition of Hidden Road, a global prime brokerage firm, for $1.25 billion. This deal marks one of the largest transactions in the digital assets space and positions Ripple as the first crypto company to own and operate a multi-asset prime broker. Hidden Road, known for its ...
