Built on Ripple’s GTreasury acquisition, the platform integrates cash management with blockchain settlement as digital assets gain a foothold on corporate balance sheets. Ripple has expanded its push into enterprise finance with the launch of a corporate treasury platform that combines traditional cash management tools with digital asset infrastructure. According to a blog post on Tuesday, the platform combines GTreasury’s treasury management software with Ripple’s blockchain and stablecoin rails, allowing companies to manage cash, payments and liquidity from a single system while maintaining existing controls and workflows. Ripple said the platform is designed to address common treasury pain points such as multi-day settlement cycles and limited visibility across accounts, using digital asset infrastructure to shorten settlement times and reduce cross-border payment friction. Read more
Ripple’s agreement with Riyad Bank highlights growing institutional interest in blockchain for payments, custody and tokenization across global financial markets. Ripple has partnered with the innovation arm of Riyad Bank, a major Saudi financial institution, to explore the use of blockchain technology within the country’s financial system, signaling growing interest in blockchain-based infrastructure at the institutional level. The partnership was announced Monday by Reece Merrick, Ripple’s senior executive officer and managing director for the Middle East and Africa. Merrick said Ripple is working with Jeel, Riyad Bank’s innovation unit, as part of an agreement to study potential applications of blockchain technology. The arrangement will take the form of a memorandum of understanding that focuses on cross-border payments, digital asset custody and asset tokenization. These efforts are intended to support Vision 2030, Saudi Arabia’s long-term strategy to modernize its economy and financial infrastructure wh...
Ripple’s UK subsidiary gained regulatory approval as an Electronic Money Institution to provide payment services, but faces limits on certain crypto activities. Cryptocurrency company Ripple is expanding its regulatory footprint after securing authorization from the United Kingdom’s Financial Conduct Authority (FCA). The FCA granted Ripple’s UK subsidiary, Ripple Markets UK, an Electronic Money Institution (EMI) registration and registered it under the UK’s Money Laundering Regulations (MLRs), according to official records. The EMI license allows companies to provide payment services and issue electronic money, a move that could potentially impact Ripple as it issues its stablecoin, Ripple USD (RLUSD). Read more
The reiteration of the payment company‘s plans not to pursue a public offering followed a $500 million fundraise in November, leading to a $40 billion valuation for Ripple. Ripple Labs president Monica Long has ruled out an IPO for the company, saying it was in a “really healthy position” without going public. In a Tuesday interview with Bloomberg, Long addressed rumors that Ripple was planning to go public after the company reached a $40 billion valuation in November. The Ripple president said the company was focused on growth following the $500 million fundraise headed by Citadel Securities and Fortress Investment Group that led to its valuation. “Currently, we still plan to remain private,” said Long, expanding on her comments in November after the fundraise. "Often the strategy driving an IPO is to get the access to the investors and the liquidity of the public markets [...] We're in a really healthy position to continue to fund and invest in our company's growth without going public.” Read more