Recently, as virtual currencies such as stable coins and real-value-backed assets (RWAs) are increasingly being incorporated into traditional finance, Ripple has positioned the Asia-Pacific region as a strategic base.
According to reports, Ripple CEO Brad Garlinghouse said at the Singapore Rebels City Conference on the 11th that he plans to expand his market influence as a cryptocurrency.
This was revealed at a press conference for the APEX 2025 event held at the Convention Center in Tokyo. The event, which is in its fifth year, is the first of its kind to be held on Ripple’s public blockchain.
This is the largest community event for the blockchain platform XRP Ledger (XRPL) and it is the first time it has been held in Asia.
Garlinghouse said, "If there is an opportunity for M&A, we are always open to expansion."
"We look forward to expanding our reach in both the traditional finance and cryptocurrency industries," he said. Ripple recently closed prime brokerage firm Hidden Road for $1.25 billion (approximately
Garlinghouse said, "This is the first case of a cryptocurrency company acquiring a prime brokerage firm," and "We are looking forward to expanding our business in trading and finance."
He also expressed interest in stablecoins, which have emerged as a hot topic in the global financial market.
Some foreign media reported that Ripple would acquire Circle, a company that issues table coins such as USDC, but Circle denied this.
"We have launched our own stablecoin," the company said. "The stablecoin market is expected to grow to trillions, and we plan to continue exploring related M&A and partnership opportunities."
It will also strengthen cooperation with traditional financial institutions. Ripple currently provides custody (cryptocurrency trusteeship) technology to global financial companies such as HSBC and BBVA in Europe and DBS in Singapore.
US investment firm Guggenheim Capital is collaborating to issue XRPL-based “Digital Commercial Paper (DCP)” and digital payments company Straight
X has introduced its Singapore dollar-based stablecoin (XSGD) to the XRPL to provide real-time cross-border payment services.
Monica Long, CEO of Ripple, said, "Mastercard to introduce stablecoin payments, financial institutions to trade diversified assets
"The market is changing toward a more digitalized world," he said, "Blockchain is no longer a simple theory in traditional finance, but has become a reality."
"We will seek out partners to help us make meaningful use cases in the financial market and create impact with blockchain-based finance," said David Schwartz, chief technology officer at Ripple.
He continued, "We will develop XRPL as an infrastructure for supporting DeFi for institutions and for fast and efficient payment settlement and asset trading."
Eric van Miltenberg, Ripple's Vice President of Strategy, said, "We highly value the potential of the Asian virtual currency market. With the development of regulations and the participation of institutions, there is a great demand for blockchain.
"We will pursue long-term business plans centered on virtual assets, tokenization, and on-chain finance in the Asia-Pacific region," he added.
2025/06/12 14:46 KST
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