Ripple is making big moves after its legal battle with the SEC. Their president, Monica Long, recently outlined their plans, which include a potential IPO, a new stablecoin, and a push into tokenizing real-world assets.
Ripple’s IPO: No Rush, But It’s Possible
While a public offering has been discussed, Long emphasized that Ripple isn’t in a hurry. They have plenty of cash on hand and are focused on growing through acquisitions. However, with the recent court ruling in their favor, they’re now exploring more opportunities in the US market, including hiring and working with US banks. Long highlighted the need for a bridge between traditional banking systems and blockchain technology, a role Ripple aims to fill.
RLUSD: A Stablecoin for Businesses
Ripple’s new stablecoin, RLUSD, is designed for businesses, particularly for cross-border payments. It aims to provide 24/7 liquidity, addressing limitations of traditional banking systems. While the stablecoin market is booming, Ripple’s focus is on institutional clients, using RLUSD for things like cross-border payments and collateral management. Their acquisition of Hidden Road, a prime broker, significantly boosts this strategy.
Tokenization: The Next Big Thing
Ripple believes blockchain will become a key part of the financial system, with tokenized assets leading the way. They’re providing the tools for banks to create and manage digital versions of stocks, bonds, and other securities. This involves connecting legacy systems with blockchain technology. While their focus is on institutions, Long acknowledged personal interest in retail applications like fractional ownership.
A Brighter Regulatory Landscape
Long expressed optimism about the changing regulatory environment in the US, citing positive developments like the rollback of certain SEC rules and bipartisan support for stablecoin legislation. The government’s consideration of XRP in a proposed “crypto strategic reserve” is seen as a validation of the asset’s legitimacy.
The Bottom Line: Building for the Long Term
Ripple’s strategy is built on creating useful products and services. Their focus for 2025 and beyond includes RLUSD, tokenization projects, and increased adoption of XRP Ledger by US banks.