jakiro
Author:zhou, ChainCatcher
11month5Japan, digital asset and infrastructure company RippleDeclared completed5100 million U.S. dollars in strategic financing, with a post-money valuation of400billion—this is the project’s total2019yearCround of financing (2billion U.S. dollars,100The largest round of external financing since 2016 (valuation of US$100 million), valuation growth in six years4times.
This round of financing is provided byFortress Investment GroupwithCitadel Securitiesjointly led the investment,Pantera Capital,Galaxy Digital,Brevan Howard,Marshall WaceWaiting for institutions to follow suit,create2025The third largest single financing transaction in the crypto primary market in 2019, second only toPolymarket 10month20US$100 million in strategic financing andBinance 3month20USD 100 million minority equity transaction.
In terms of the use of funds,RippleExpressed that it will focus on continued mergers and acquisitions,RLUSDGlobal expansion and compliance infrastructure development.Since this year,RippleStarted more than40US$100 million strategic investment plan, successively acquired institutional-level brokersHidden Road(12.5billion), corporate fund management platformGTreasury(10billion), payment infrastructureRail(2billion) and digital asset custodiansPalisade(Finances not disclosed).
It is reported thatRipple(also known as Ripple) is created byRipple LabsCreate a global cross-border payment network based on distributed ledgers, claiming to be able to realize global financial transactions of any scale securely, instantly and almost free of charge.RippleThe business is provided by the cross-border payment network (RippleNet), compliant stablecoins (RLUSD), enterprise-level public chain (XRPL) and the composition of the institutional-level M&A ecosystem.According toRootDataThe data shows,XRPCurrent price2.33dollars,24hourly increase7.2%, falling in the past month20%,Ranked No. 1 in global market capitalization4position, total market capitalization1398billion US dollars, circulation601Billion pieces.
From a valuation perspective,400The valuation of US$100 million is significantly higher than most similar projects.Public information shows that in the field of stable coins,CircleThe NYSE-listed market capitalization is approximately250billion dollars,PaxosValuation approx.24billion; in the public chain infrastructure track,PolygonValuation approx.70billion dollars,SuiandAptosrespectively approximately60billion U.S. dollars and45billion US dollars; in the payment network track,StellarMarket value approx.90billion dollars.RipplePart of its high valuation stems from itsXRPLpublic chain andRLUSDgrowth potential, but is also affected by the liquidity premium of unlisted status.RipplePresidentMonica Longmeans that the companyNone at the momentIPOplanor timetable, which may prolong uncertainty about the exit path for investors.
From a business perspective, when news of large-scale financing comes to light,11month6day,RippleCompliant stablecoins issuedRLUSDThe total circulation volume breaks through for the first time10billion US dollars.Online only330Today, the stablecoin has become one of theDefiLlamaNo. 1 in the world11The large USD stablecoin currently has a circulating supply of10.22billion US dollars, of which the Ethereum chain8.19billion dollars,XRP Ledgernative circulation2.03billion dollars.
RipplePresidentMonica Longsaid that so farRippleProcessed nearly1000billion in payment volume, whileRLUSDis used for payment flow“Major stablecoins“.However, inUSDT(1830billion U.S. dollars) andUSDC(760In the stablecoin market dominated by billions of dollars),RLUSDshare is relatively small, still faces the risk of liquidity competition.
XRPLIn terms of public chains, asRippletechnology core, which has served the world500Many financial institutions have annual transaction volumes close to950billion dollars.XRPLIntroduced in recent upgradesEVMCompatible with sidechains and works withPolygonCDKCooperation improves smart contract functions.XRPLofDeFiEcology is relatively lagging behind,DefiLlamaThe data shows,XRPL DeFi TVLonly7959million U.S. dollars (ranked49), far less thanSolana 101Billions of dollars and Ethereum747billion US dollars and other mainstream public chains.
In addition, today’s news stated thatMastercardwill be withGeminiandRippleCollaborate, explore and useXRPLonRLUSDStablecoin to settle fiat card transactions.Gemini XRPCredit card background settlement is fully migrated toXRP Ledger, useRLUSDrealize3Final reckoning in seconds.MastercardThe partnership will be one of the first cases in which a regulated U.S. bank uses a public blockchain and regulated stablecoins to settle traditional card transactions, which is expected to reduce merchant costs.
From this point of view, financing isRLUSDGrowth provides endorsement, and the scale of stablecoins injects liquidity into real-time settlement of credit cards.MastercardCooperate to verify the feasibility of compliant public chains replacing traditional tracks. The three developments form a positive feedback closed loop, which may mark theRippleFrom the “Blockchain Edition”SWIFT” Envisioning the transformation to a real revenue-driven global settlement infrastructure.
However at presentRippleare facing two key regulatory events.One isXRPSpotETFApproval progress,Grayscale,Bitwise,Franklin Templeton,WisdomTree,Canary Capital,21Shares,CoinSharesSubmitted by seven institutionsXRPSpotETFApplication has been made11month4Daily collective updateS-1document, delete the original unlimited extension clause and change it to Bitcoin and EthereumETFThe same automatic effect mechanism.The earliest batch is expected to be11month13to15Effective on the dayPolymarketPrediction market display2025The probability of being approved within the year is99%.
It is worth mentioning thatREX-Osprey XRP ETF(codeXRPR) has been9month18It was listed on the same day, and the trading volume on the first day reached3,770million, setting a record for the highest single-day trading volume this year.If follow-up7onlyETFIts implementation may attract more compliant funds to enter the market, providingXRPProviding deeper liquidity pools can help smooth out extreme volatility in the long term.
The second is application for a U.S. bank license.,Rippleat2025year7month2Japan to the United States Office of the Comptroller of the Currency (OCC) Submit for establishmentRipple National Trust BankThe application is currently in the120The legal review period is 3 days, no later than2026year11month2Preliminary results will be released today.According toOCCThe latest status of the official website,Circle(First National Digital Currency Bank) in6month30Application date has exceeded120Day review period, still not approved;Paxosat8month12The application is under review;Coinbaseat10month3The application is under review.
RippleBe among the earlier batch of submitters, if the license is approved,RLUSDReserves can be deposited directly into the main account of the Federal Reserve to achieve24/7Instant redemption,Ripplewill become the successorAnchorage DigitalThen the second crypto-native company to hold a federal trust license.This will be the same asXRP ETFIt creates dual benefits of supervision and enhances institutional adoption confidence and the scale of capital inflows.
Overall, recentlyRippleThere are frequent benefits, but when looking at its business, the stablecoin track has become a red ocean.XRPLThere is insufficient competitiveness in the public chain, and cross-border payment services are still dominated by traditional payments.Under the pressure of competition from multiple parties and regulatory uncertainty, whether it is a breakthrough in compliance or joining forces with Mastercard,Whether it can sustain a valuation of 40 billion ultimately depends on the realization of data.The market has voted with its feet.
