SAN FRANCISCO — Ripple, the digital assets and infrastructure firm closely associated with the cryptocurrency XRP, said Wednesday it has raised $500 million in new funding, lifting its valuation to $40 billion as it accelerates expansion beyond payments and deepens ties with institutional finance. The funding round was led by affiliates of Fortress Investment Group…
SAN FRANCISCO – Ripple, a provider of cryptocurrency and enterprise blockchain solutions, said on Tuesday it has acquired digital asset wallet and custody company Palisade, a move aimed at significantly expanding its services for financial institutions and corporations entering the digital asset space. The acquisition will combine Ripple’s existing “bank-grade vault” for long-term storage with Palisade’s…
DUBAI: Ripple, a leading provider of enterprise blockchain and crypto solutions, has obtained regulatory approval from the Dubai Financial Services Authority (DFSA) to offer regulated crypto payments and services in the Dubai International Finance Centre (DIFC). This makes Ripple the first blockchain-enabled payments provider to be licensed by the DFSA. The approval marks Ripple’s inaugural license in…
SAN FRANCISCO: Ripple, the leading provider of digital asset infrastructure, announced the launch of new features and functionality to Ripple Custody, bringing the benefits of its market-leading bank-grade custody technology to fintechs and crypto businesses. The latest update includes a transaction screening service integration, added hardware security module (HSM) options, an XRPL integration for tokenizing…
Ripple, a company that deals with cryptocurrency, announced on Wednesday that it has secured a full license as a major payments institution in Singapore. This is a strategic move to expand its business in the Asia-Pacific region. The company had received an initial approval in principle from the Monetary Authority of Singapore in June, and…
Cryptocurrency giant Ripple made headlines on Friday with the announcement of its acquisition of Fortress Trust, a crypto infrastructure startup based in Nevada. While the financial details of the deal were not disclosed, this strategic move provides Ripple with an entry into the Nevada market and diversifies its offerings beyond its primary focus on blockchain-enabled…
Blockchain company Ripple has received in-principle regulatory approval to operate in Singapore, in a rare moment of good news for the cryptocurrency industry globally as it faces tightening policy back home in the United States. Ripple said on Thursday that it was granted in-principle approval of a Major Payment Institution Licence from the Monetary Authority…
Ripple, a blockchain technology firm, has unveiled its latest product, the Ripple Liquidity Hub, to assist businesses with their cryptocurrency liquidity requirements. According to the company, the new system is available to help companies manage their cryptocurrency liquidity needs easily and efficiently. The firm launched the system as a pilot in 2022 and has now…
For decades, the process of sending money across borders has been plagued by high costs, slow processing times, and a lack of transparency. Traditional financial networks, while reliable, were built for a different era. Enter Ripple, a technology company that aims to overhaul this system using blockchain technology to create a faster, cheaper, and more…