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Ripple secures court order to claim $24M debt via $400M Tranglo stake held by Seamless Group

Market News
09 Oct 2026
Bitcoin
View Source
Bearish
Ripple secures court order to claim $24M debt via $400M Tranglo stake held by Seamless Group

A Malaysian court has granted Ripple a charging order over Seamless Group's 60% stake in Tranglo, valued at $400 million, to recover about $24 million in unpaid XRP invoices. The debt stems from Ripple's on-demand liquidity service, which Seamless's affiliate GEA Limited failed to fully pay. Ripple now has legal grounds to force the sale of the shares, although Seamless can contest the valuation and sale terms. This move highlights Ripple's determination to enforce debt collection across jurisdictions amid ongoing strategic partnerships and expansions.

XRP holds a market cap of Rp1.560,62 trillion on Pluang as of Oct 09, 2026, 23:42 WIB, with a 24-hour trading volume near Rp49,99 trillion. The token's price is Rp24.689, up 1.64% in the past day, while Pluang users show a 69% buy order activity and typically hold XRP for about 72 days. This trading activity provides context to Ripple's ongoing efforts to secure debt repayment involving its XRP-related services.

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