Ripple's $1.25 Billion Agreement Suggests Potential $16 Trillion Market, Assertions of XRP Legal Advisor
Dive into the Latest Crypto Buzz: Ripple's acquisition of Hidden Road, a prime brokerage firm, for $1.25 billion has sparked excitement in the crypto and financial sectors alike. Here's what it's all about!
According to XRP lawyer John Deaton, this purchase signifies more than just expansion. It's a clear move by Ripple to carve out a substantial piece of the institutional finance market, which could be worth a staggering $16 trillion in the next five years.
Unexpectedly, the popular Japanese exchange has marked XRP as its top choice, surpassing Ethereum (ETH)!
Meanwhile, Strategy announced a whopping $1.4 billion Bitcoin investment, while Tether (USDT) witnessed a tremendous $1 billion surge in 24 hours – could a new crypto bull run be on the horizon? Rich Dad Poor Dad author's Bitcoin poll has recently faced backlash, and Google searches for Bitcoin have plummeted. But don't despair, Bitwise CEO perceives this as a silver lining!
Let's rewind to Hidden Road, a company that processes an impressive $3 trillion in annual transactions for over 300 institutional clients. Now, it's set to integrate the XRP Ledger (XRPL) into its post-trade settlement operations.
Ripple has been dedicated to widening its horizons, launching Ripple Custody, and making vital acquisitions, such as Metaco and Standard Custody. It appears that they have far-reaching aspirations beyond payments and remittances.
Deaton sees Ripple strategically positioning itself to become a prominent player in institutions eager to enter the blockchain market. By offering custody, payments, and stablecoin services, Ripple is poised to champion the cause of the asset tokenization movement.
The global custody market is projected to expand to an astounding $16 trillion in tokenized assets by the end of the decade, and Ripple's ventures imply a keen appetite to play a prominent role in this upcoming phase of financial infrastructure.
Ripple is laying the groundwork for banks and asset managers to tokenize various assets, like stocks, bonds, and real estate, directly on the XRPL through its custody solutions and RLUSD's usage as a settlement and collateral tool.
Despite facing regulatory hurdles in the past, Ripple is now pushing forward with vigor, building the infrastructure needed to serve large-scale institutional demand.
So, buckle up as we watch Ripple unfold its ambitious plans to carve a niche in the institutional finance market!
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- Ripple, after acquiring Hidden Road, a prime brokerage firm, for $1.25 billion, seems to be strategically positioning itself to capture a significant portion of the institutional finance market, which could reach a staggering $16 trillion in the next five years.
- Unexpectedly, the popular Japanese exchange has chosen XRP over Ethereum (ETH) as their top choice in cryptocurrencies.
- Strategy recently announced a massive $1.4 billion investment in Bitcoin, while Tether (USDT) saw a $1 billion surge in 24 hours, leading to speculation about a potential new crypto bull run.
- With the integration of the XRP Ledger (XRPL) into Hidden Road's post-trade settlement operations, Ripple is prepared to champion the asset tokenization movement in the blockchain market.
- Ripple's ventures, such as Ripple Custody and acquisitions like Metaco and Standard Custody, suggest far-reaching aspirations beyond payments and remittances, extending into the global custody market.
- The global custody market for tokenized assets is projected to reach an astounding $16 trillion by the end of the decade, and Ripple's infrastructure developments hint at ambitious plans to serve large-scale institutional demand.
- By enabling banks and asset managers to tokenize various assets, like stocks, bonds, and real estate, directly on the XRPL through its custody solutions and RLUSD's usage as a settlement and collateral tool, Ripple is laying the groundwork for its role in the upcoming phase of financial infrastructure.
