The UK Treasury has involved Ripple in its Wholesale Digital Markets Taskforce to explore blockchain infrastructure for tokenising wholesale financial markets, focusing initially on the £33 billion repo market. This initiative aims to modernise market operations, potentially increasing annual tax revenue by £14 billion by 2035. Ripple's role supports the government's strategy to set standards for institutional tokenised finance, moving blockchain from experimental to regulated infrastructure. A pilot trial is planned for spring 2027, highlighting the government's commitment to integrating blockchain in key financial workflows.
Ripple has partnered with Absa Corporate and Investment Banking to launch Absa Digital Asset Custody, using Ripple's crypto custody technology to provide secure digital asset storage for African financial institutions. This collaboration aims to offe...
XRP has reversed its recent downtrend, climbing about 7% to $1.48 after a sharp recovery from last week's dip to $1.29. Institutional investors played a key role, transferring around 1.54 billion XRP worth $2.2 billion to buy the dip, stabilizing tra...
South African bank Absa has launched Absa Digital Asset Custody, powered by Ripple's custody technology, marking a first for Africa's institutional digital asset management. The service offers a secure, regulated environment for safeguarding digital ...
XRP's market capitalization surged by nearly $7 billion on September 21, reaching $93.49 billion as its price climbed to $1.49, marking a 7.8% gain in 24 hours. This rally is driven by investor optimism about potential institutional adoption of the X...
XRP surged 8.7% to $1.49, approaching a critical resistance zone between $1.49 and $1.54. If it breaks and holds above this level, analysts expect a rally toward $1.64 and potentially $2. However, failure to sustain above this zone could trigger a sh...
