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Ripple has agreed to acquire prime brokerage firm Hidden Road for $1.25 billion, marking its largest acquisition to date. Founded in 2018, Hidden Road provides essential services across various asset classes and clears over $3 trillion annually for more than 300 institutional clients. The deal, pending regulatory approval, is expected to close by Q3 2025, with Ripple planning to integrate its RLUSD stablecoin as collateral within Hidden Road’s offerings.
Ripple has secured full regulatory approval from the Dubai Financial Services Authority (DFSA) to offer cross-border crypto payment services in the UAE, becoming the first blockchain payments provider in the Dubai International Financial Center (DIFC). This license enables Ripple to deliver secure blockchain-based payment solutions, catering to the rising demand for efficient financial transactions in the region. The company is also collaborating with the Central Bank of the UAE to comply with upcoming stablecoin regulations, further enhancing its presence in the MENA fintech market.
Ripple has secured a license from the Dubai Financial Services Authority (DFSA) to offer regulated crypto payments in the Dubai International Financial Centre (DIFC), marking its first license in the Middle East. This approval allows UAE businesses to utilize Ripple's blockchain-based payment system, reflecting the region's growing demand for efficient cross-border solutions. Ripple's CEO highlighted the UAE's supportive environment for tech and crypto innovation, while the company anticipates increased stablecoin adoption driven by the need for real-time settlement.
Ripple has secured a license from the Dubai Financial Services Authority (DFSA) to offer regulated crypto payments in the Dubai International Financial Centre (DIFC), marking its first license in the Middle East. This approval allows UAE businesses to utilize Ripple’s blockchain-based payment system, reflecting the region's growing demand for efficient cross-border solutions. CEO Brad Garlinghouse emphasized the UAE's supportive environment for tech and crypto innovation, which positions it well for future growth.
JPMorgan analysts predict that XRP and Solana ETFs could attract up to $14 billion in inflows by 2025, with XRP potentially generating $6 to $8 billion and Solana $3 to $6 billion within the first year of approval. Despite the current lack of ETFs, strong institutional interest and a favorable regulatory environment are expected to drive future approvals. The optimism is bolstered by political changes, including the appointment of a pro-industry SEC Chair.
Ripple executives criticized the SEC for refusing to delay its appeal filing, despite a leadership change set for January 20. Chief legal officer Stuart Alderoty expressed confidence in Ripple's position, while CEO Brad Garlinghouse suggested potential shifts in the SEC's crypto enforcement under new leadership. The ongoing case, stemming from a 2020 lawsuit, will head to appellate court following a judge's ruling that XRP does not necessarily qualify as a security.
Gary Gensler, the outgoing SEC Chair, stated that the 2024 presidential election was not influenced by crypto money, despite some fundraising from the sector. He emphasized the speculative nature of crypto and its non-compliance with laws, while the SEC has pursued enforcement actions against major crypto firms. As Gensler departs, Trump plans to nominate Paul Atkins as his successor, with ongoing legal challenges from companies like Coinbase and Ripple against SEC policies.
XRP has emerged as a safe haven asset amidst the volatility of Ethereum, Dogecoin, and Solana, showing a 6% increase over the past month while its peers faced declines of 15-20%. Analysts highlight XRP's significant outperformance, including a 30% gain against Solana and notable strength against Ethereum and Dogecoin. As the Ripple vs. SEC lawsuit approaches its conclusion, the cryptocurrency is gaining traction, with potential support from upcoming crypto policies under President-elect Donald Trump.
JPMorgan Chase forecasts that potential exchange-traded funds (ETFs) for Solana (SOL) and XRP could attract between $3-8 billion each, totaling up to $16 billion. This prediction is based on adoption rates observed in existing Bitcoin and Ethereum ETFs. Ripple CEO Brad Garlinghouse has expressed optimism about the eventual approval of an XRP ETF, highlighting the trend towards diversification in investment strategies.
Ripple's impending IPO could potentially become the largest in history, with XRP reserves likened to Saudi Aramco's oil reserves. CEO Brad Garlinghouse announced that Ripple's XRP holdings have surpassed $100 billion, enhancing its liquidity solutions and cross-border payment capabilities. This surge in value has sparked speculation that Ripple may redefine financial benchmarks, positioning itself as a transformative force in the financial sector.
Brad Garlinghouse
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