- Ripple expands U.S. operations as crypto-friendly policies support local growth.
- Ripple USD and asset tokenization mark a shift toward institutional services.
- XRP remains essential to Ripple’s exchange despite stablecoin developments.
Ripple Labs is expanding its US operations as the regulatory climate appears to warm up towards digital assets, according to company President Monica Long. Speaking on CNBC, Long confirmed that a more crypto-supportive environment has encouraged the company to grow its U.S. presence.
The company is growing its team and actively scouting for potential mergers and acquisitions (M&A), building on its recent buy of prime brokerage Hidden Road. Despite sitting on billions in cash, Long stated that Ripple is prioritizing operational growth and M&A over an initial public offering (IPO) for now, primarily due to lingering regulatory uncertainties.
Strategy Focus: Institutional Solutions, Stablecoin & RWA Tokenization
Long, detailed Ripple’s changing strategy, highlighting its focus on serving institutional use cases and modernizing traditional financial infrastructure. She discussed the company’s initiative to bridge fiat and digital currencies through innovations like Ripple USD, a stablecoin created for cross-border payment efficiency.
The conversation also covered Ripple’s commitment to real-world asset tokenization. Long explained that Ripple’s technology facilitates fractional ownership of assets, such as real estate, and enables banks to participate in tokenizing capital markets. This effort extends Ripple’s services beyond payments, targeting current inefficiencies caused by manual processes in financial transactions.
XRP Still Key, But IPO Hinges on Regulatory Clarity, Says President
Addressing XRP’s role, Long clarified the digital remains crucial for powering transaction liquidity and plays a major part in Ripple’s decentralized exchange, despite the launch of Ripple USD. She emphasized that introducing a stablecoin does not replace the utility of XRP within the company’s financial ecosystem.
Long reiterated that Ripple will hold off on any IPO considerations until US regulations become clearer, although going public remains a possibility down the line.
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