The UK government has launched a taskforce of 54 major financial firms, including BlackRock, Ripple, and Goldman Sachs, to advance tokenization across wholesale financial markets. The initiative aims to transition from pilot projects to live tokenized markets, enhancing market efficiency, liquidity, and innovation. The taskforce will focus on delivering a practical blockchain-based repo use case and address legal, regulatory, and interoperability challenges. Tokenization is projected to add up to £33 billion annually to the UK economy by 2035, supported by a global tokenized assets market expected to reach $88 trillion.
Evernorth Holdings received SEC approval for its Form S-4 registration, enabling its merger with Armada Acquisition Corp. II and a Nasdaq listing under the ticker XRPN. The merger is expected to raise over $1 billion, making Evernorth the largest pub...
Ripple has expanded its institutional trading services into U.S. equities by launching a Delta One business through its Ripple Prime platform. This new offering allows institutional investors like hedge funds and asset managers to access total return...
Ripple's RLUSD stablecoin crossed a $2 billion market capitalization less than two years after its December 2024 launch, with nearly half issued on the XRP Ledger and slightly more on Ethereum. The stablecoin is backed by cash reserves held under New...
