A new report released by Ripple in partnership with CB Insights and the UK Centre for Blockchain Technologies shows that Citigroup, JPMorgan Chase, and Goldman Sachs have been leading the way as some of the most active traditional financial institutions investing in blockchain technology. The report, which studied over 1,800 banks from 2020 to 2024,
San Francisco-based blockchain company Ripple has been ranked as the 23rd biggest private company by market capitalization. According to data provided by business analytics firm CB Insights, the company, which is primarily known for being associated with the XRP cryptocurrency, is valued at $15 billion. It is ranked right above Swedish fintech company Klarna ($14.5
While President Donald Trump’s tariff war aims to spark a manufacturing boom at home, corporate America’s spending focus remains firmly on “bits” rather than “bricks and mortar.” This contrast is evident in the spending patterns of the Magnificent 7 (Mag 7) stocks – a group comprising large-cap tech companies, including Alphabet (parent company of Google),
A wave of high-profile raises last week—totaling nearly $2 billion—signals institutional confidence in digital assets, blockchain infrastructure, and on-chain treasury strategies. According to Crypto-Fundraising.info, Marathon Digital’s $850 million convertible note offering led the pack between July 28 and Aug. 2, followed by Mill City Ventures’ $450 million move into Sui-backed tokenization. Ethereum-native treasury pivots from
Citigroup, JPMorgan Chase, Goldman Sachs and Japan’s SBI Group have emerged as the most active players in traditional finance backing blockchain startups, according to a new report by Ripple in partnership with CB Insights and the UK Centre for Blockchain Technologies. Between 2020 and 2024, global banks participated in 345 investments in blockchain companies, most
The Bank of Botswana is in the early stages of a feasibility study to evaluate whether to introduce a central bank digital currency (CBDC). According to Ruth Baitshepi, head of the digitalization and innovation hub, the study aims to assess both the necessity of a CBDC and the potential risks digital assets pose to the
Traditional banks have invested more than $100 billion in blockchain since 2020, according to a recent Ripple-backed report claiming digital assets are going mainstream. That figure comes from “Banking on Digital Assets,” a joint study by Ripple, CB Insights and the UK Centre for Blockchain Technologies (UK CBT), which analyzed more than 10,000 blockchain deals
Famous cryptocurrency analyst Alex Krüger, in his comprehensive statement evaluating the recent market movements, said that the decline was similar to the sharp pullback experienced in August of last year. According to Krüger, this sharp market correction was shaped by a combination of macroeconomic developments and negative crypto-specific news flow. Krüger recalled the August 2024
X-user WrathofKahneman, who closely follows Ripple’s activities and is well-known in the cryptocurrency community, shared the first public part of an important application made by the company to the US Office of the Comptroller of the Currency (OCC). According to the disclosures, Ripple has applied for a license to establish a limited-purpose national trust bank.