Ripple Archives - CryptoPlanetNews https://cryptoplanetnews.com/category/coin-news/ripple/ Latest Bitcoin & Cryptocurrency News Tue, 23 Jun 2026 17:11:07 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://cryptoplanetnews.com/wp-content/uploads/2021/08/favicon6-150x150.png Ripple Archives - CryptoPlanetNews https://cryptoplanetnews.com/category/coin-news/ripple/ 32 32 Ripple Secures Preliminary MiCA Approval Ahead of EU Deadline https://cryptoplanetnews.com/ripple-secures-preliminary-mica-approval-ahead-of-eu-deadline/ https://cryptoplanetnews.com/ripple-secures-preliminary-mica-approval-ahead-of-eu-deadline/#respond Tue, 23 Jun 2026 17:11:07 +0000 https://cryptoplanetnews.com/ripple-secures-preliminary-mica-approval-ahead-of-eu-deadline/ Cointelegraph

Luxembourg’s financial regulator granted Ripple preliminary approval for a crypto asset service provider (CASP) license under the European Union’s Markets in Crypto-Assets Regulation (MiCA), the company said Tuesday. Ripple said in a statement that the approval, once finalized, would allow it to offer regulated crypto services to banks, fintechs and other businesses across all 30 […]

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Luxembourg’s financial regulator granted Ripple preliminary approval for a crypto asset service provider (CASP) license under the European Union’s Markets in Crypto-Assets Regulation (MiCA), the company said Tuesday.

Ripple said in a statement that the approval, once finalized, would allow it to offer regulated crypto services to banks, fintechs and other businesses across all 30 countries in the European Economic Area (EEA) through a single regulatory passport.

The move builds on Ripple’s existing Electronic Money Institution (EMI) license in Luxembourg, which allows it to provide regulated cross-border payments and electronic money services across the EEA. The update comes just days before the July 1 transitional deadline, when EU countries begin fully applying MiCA rules.

Cointelegraph reached out to Luxembourg’s Commission de Surveillance du Secteur Financier but did not receive an immediate response.

Full crypto asset and stablecoin payments infrastructure compliant with MiCA

Ripple said its pending CASP license, combined with the EMI license issued in February 2026, would enable a “full crypto asset and stablecoins payments infrastructure” through a single integration for the first time.

The company added that the approval also positions Ripple to expand into broader crypto asset activities in Europe, which is “already a leading region” for its products.

Source: Cassie Craddock

“MiCA has helped to unlock a new wave of institutional digital assets adoption, and we are seeing that demand accelerate across the region,” said Cassie Craddock, managing director of the UK and Europe at Ripple.

Europe becomes the regulatory battleground

Ripple’s CASP approval comes as Europe emerges as a key regulatory test case for the crypto industry as the MiCA framework takes effect.

Related: EUR trading accounts for 1% of Binance spot volume, CryptoQuant says

Crypto companies are racing to secure MiCA authorization ahead of the July 1 deadline, but major exchanges, including Binance, are still awaiting approval under the new regime.

Media reports have indicated that Greek regulators may be preparing to deny Binance’s application.

Ripple currently holds more than 75 regulatory licenses globally, including a UK license from the Financial Conduct Authority received in January 2026.

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Bitcoin Miners Pivot to AI as Tokenized RWAs Surge and Ripple Expands Africa Push https://cryptoplanetnews.com/bitcoin-miners-pivot-to-ai-as-tokenized-rwas-surge-and-ripple-expands-africa-push/ https://cryptoplanetnews.com/bitcoin-miners-pivot-to-ai-as-tokenized-rwas-surge-and-ripple-expands-africa-push/#respond Fri, 19 Jun 2026 17:05:51 +0000 https://cryptoplanetnews.com/bitcoin-miners-pivot-to-ai-as-tokenized-rwas-surge-and-ripple-expands-africa-push/ Cointelegraph

For years, Bitcoin miners were little more than leveraged bets on BTC prices. That’s changing fast. As mining margins tighten and demand for AI computing accelerates, the industry’s biggest players are discovering that access to power and data center infrastructure may be more valuable than hash rate. That shift gained further validation this week as […]

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Cointelegraph


For years, Bitcoin miners were little more than leveraged bets on BTC prices. That’s changing fast. As mining margins tighten and demand for AI computing accelerates, the industry’s biggest players are discovering that access to power and data center infrastructure may be more valuable than hash rate.

That shift gained further validation this week as Nvidia reportedly prepared a $20 billion bond sale to finance the next phase of its AI expansion, reinforcing the multi-year investment cycle that Bitcoin miners are increasingly positioning themselves to serve.

Elsewhere, the tokenized real-world asset market continued to defy the broader crypto downturn, Ripple expanded its African payments push with an investment in Flutterwave and former FTX CEO Sam Bankman-Fried failed to overturn his fraud conviction.

Nvidia’s $20 billion bond offering reinforces Bitcoin miner AI pivot

Nvidia wants to sell $20 billion-worth of bonds to finance the next phase of its AI expansion, reinforcing the growth trend that has prompted Bitcoin miners to pivot toward AI and data center infrastructure.

Bloomberg reported Monday that the chipmaker is pursuing a multi-part bond offering to fund AI-related investments and refinance existing debt. The longest-dated bonds are expected to offer considerably higher yields than comparable US Treasury securities.

The sustained AI buildout has created new opportunities for Bitcoin miners, many of which are repurposing their energy-intensive facilities and power infrastructure for high-performance computing and AI hosting as mining economics remain under pressure. Companies including HIVE Digital, Hut 8, CleanSpark and TeraWulf are increasingly positioning themselves as AI infrastructure providers.

Source: Cointelegraph

Tokenized RWAs defy crypto bear market

The tokenized real-world asset (RWA) market continues to grow despite broader crypto weakness, with the total value of onchain financial assets surpassing $43 billion — a 37% increase over the past six months, according to Token Terminal.

Tokenized funds make up the overwhelming majority of the RWA market, representing nearly 80% of all onchain financial assets, though commodities and tokenized stocks are gaining traction.

The sector’s momentum comes as major financial institutions forecast significant long-term growth. Standard Chartered expects tokenization to help drive decentralized finance toward a $2.7 trillion market capitalization by 2030, while Citigroup projects tokenized RWAs could reach $5.5 trillion over the same period.

Source: Token Terminal

Ripple invests in African payment company

Ripple has invested an undisclosed amount in Flutterwave, one of Africa’s fastest-growing remittance companies, in a deal that values the fintech startup at $3.3 billion.

The transaction will bring Ripple’s RLUSD stablecoin, Ripple Payments platform and XRP Ledger infrastructure to one of Africa’s largest payment providers, which operates across 35 countries, as blockchain-based remittances continue to gain traction.

The deal marks another step in Ripple’s push to expand its payments network across Africa, where demand for faster and lower-cost cross-border transfers is rapidly increasing. Last October, the company partnered with South Africa’s Absa Bank to provide institutional digital asset custody solutions, further strengthening its presence on the continent.

Source: Flutterwave

Sam Bankman-Fried loses appeal

Former FTX CEO Sam Bankman-Fried failed to overturn his fraud conviction after a three-judge appeals panel in Manhattan upheld the verdict, finding that he received a fair trial.

“While he ‌was publicly reassuring customers, investors and regulators ‌that FTX customer funds were safe, he was simultaneously using FTX as his own personal piggy bank, spending customer funds ⁠on real estate, ⁠political contributions, and investments,” wrote Circuit Judge Barrington Parker.

Bankman-Fried was convicted on fraud and conspiracy charges tied to FTX’s collapse and sentenced to 25 years in prison in 2024. As Cointelegraph reported, he has also formally applied for a presidential pardon from US President Donald Trump, with the request appearing on the Pardon Attorney website in early June.

Source: Toby Cunningham

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Ripple Expands Institutional Custody with Staking and Security Integrations https://cryptoplanetnews.com/ripple-expands-institutional-custody-with-staking-and-security-integrations/ https://cryptoplanetnews.com/ripple-expands-institutional-custody-with-staking-and-security-integrations/#respond Wed, 17 Jun 2026 17:04:31 +0000 https://cryptoplanetnews.com/ripple-expands-institutional-custody-with-staking-and-security-integrations/ Cointelegraph

Ripple said on Monday that it has expanded its institutional custody platform through new integrations with Securosys and Figment. The company said it is adding hardware security modules to enable banks and custodians to deploy custody services and offer staking without necessarily operating their own validator or key-management infrastructure. Building on Ripple’s recent acquisition of […]

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Cointelegraph



Ripple said on Monday that it has expanded its institutional custody platform through new integrations with Securosys and Figment.

The company said it is adding hardware security modules to enable banks and custodians to deploy custody services and offer staking without necessarily operating their own validator or key-management infrastructure.

Building on Ripple’s recent acquisition of Palisade and the integration of Chainalysis compliance tools, the custody upgrades allow regulated institutions to manage cryptographic keys using on-premises or cloud-based HSMs and to offer staking on networks such as Ethereum and Solana, with compliance checks embedded directly into transaction workflows.

Ripple said the integrations are intended to reduce deployment complexity and support faster rollout of custody services for institutional clients. Ripple has been pushing further into institutional infrastructure activity as it expands beyond payments with custody, treasury and post-trade services for regulated companies.

Ripple is a US-based blockchain infrastructure company that provides payment and custody technology to financial institutions and is the issuer of the XRP (XRP) token and the dollar-pegged stablecoin RLUSD, which it launched in December 2024.

The update comes weeks after the company launched a corporate treasury platform that integrates traditional cash management systems with digital asset infrastructure.

Related: Institutional staking and yield products gain traction

Institutional staking and yield products gain traction

Institutional interest in staking has grown as proof-of-stake networks mature and regulatory expectations continue to evolve.

In October, Figment expanded its integration with Coinbase, enabling Coinbase Custody and Prime clients to stake additional proof-of-stake assets beyond Ether (ETH). The update gave institutional customers access to staking on networks including Solana (SOL), Sui (SUI), Aptos (APT) and Avalanche (AVAX) through Figment’s infrastructure.

In November, Anchorage Digital added staking support for the Hyperliquid ecosystem, enabling HYPE (HYPE) staking alongside its existing custody services. The bank said the offering would be available through Anchorage Digital Bank, its Singapore entity, and its self-custody wallet Porto, with validator operations supported by Figment.

While staking enables institutions to earn rewards on proof-of-stake networks, parallel efforts have also emerged to generate yield from Bitcoin, which does not support staking.

Earlier this month, Fireblocks said it will integrate Stacks, enabling institutional clients to access Bitcoin-based lending and yield products. The integration uses Stacks’ roughly five-second block times while settling transactions to the Bitcoin ledger for finality, addressing latency constraints that have limited institutional use of BTC-based decentralized finance.

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Ripple Expands Africa Strategy With Flutterwave Investment https://cryptoplanetnews.com/ripple-expands-africa-strategy-with-flutterwave-investment/ https://cryptoplanetnews.com/ripple-expands-africa-strategy-with-flutterwave-investment/#respond Tue, 16 Jun 2026 17:02:49 +0000 https://cryptoplanetnews.com/ripple-expands-africa-strategy-with-flutterwave-investment/ Ripple Expands Africa Strategy With Flutterwave Investment

Blockchain payments company Ripple has acquired an equity stake in African fintech giant Flutterwave, deepening its push into one of the world’s fastest-growing cross-border payments markets. Flutterwave CEO Olugbenga Agboola said the undisclosed investment values the company at $3.3 billion, according to Bloomberg. The deal gives Ripple exposure to Africa’s expanding payments ecosystem while providing […]

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Ripple Expands Africa Strategy With Flutterwave Investment


Blockchain payments company Ripple has acquired an equity stake in African fintech giant Flutterwave, deepening its push into one of the world’s fastest-growing cross-border payments markets.

Flutterwave CEO Olugbenga Agboola said the undisclosed investment values the company at $3.3 billion, according to Bloomberg. The deal gives Ripple exposure to Africa’s expanding payments ecosystem while providing Flutterwave with additional resources to scale its financial infrastructure.

The investment makes Ripple a shareholder rather than an owner or commercial partner. Flutterwave operates in 35 African countries and has recently expanded its digital asset offerings by integrating stablecoin payment services.

As part of the deal, Flutterwave will integrate Ripple’s RLUSD stablecoin, Ripple Payments and the XRP Ledger to make cross-border transactions faster and more cost-effective.

Source: Flutterwave

The deal is the latest step in Ripple’s broader strategy to expand its blockchain-based payments network across Africa, where demand for faster and lower-cost international transfers continues to grow. Last October, Ripple partnered with South Africa’s Absa Bank to provide digital asset custody solutions to institutional clients.

Related: Bybit Pay enters South Africa through MoneyBadger integration

Stablecoins gain traction in Africa’s remittance market

Africa has emerged as a key growth market for digital asset payments, driven largely by the continent’s sizable remittance flows and demand for lower-cost cross-border transfers.

A September 2025 Chainalysis report found that crypto adoption in Sub-Saharan Africa climbed 52% over 12 months, with more than $205 billion in onchain transactions recorded. At the time, the region ranked as the world’s third-fastest-growing crypto market.

Onchain volumes in Sub-Saharan Africa have surged since 2022. Source: Chainalysis

Stablecoins have played a central role in that growth, offering a dollar-denominated alternative that can make international payments faster and less expensive. The opportunity has attracted other major issuers, including USDC issuer Circle, which recently partnered with African fintech Sasai to expand USDC-based payment services across the region with a focus on remittances.

The World Bank estimates that sending a typical $200 remittance to Sub-Saharan Africa costs recipients between $13 and $17 in fees, compared with as little as $0.50 for transfers using USDt (USDT) on Tron or as little as $2 for transfers using USDC on Ethereum.

Related: Africrypt founders back in South Africa years after platform collapse: Report

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.



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Ripple and Bitso Bring MXNB Stablecoin to XRP Ledger https://cryptoplanetnews.com/ripple-and-bitso-bring-mxnb-stablecoin-to-xrp-ledger/ https://cryptoplanetnews.com/ripple-and-bitso-bring-mxnb-stablecoin-to-xrp-ledger/#respond Fri, 12 Jun 2026 16:51:43 +0000 https://cryptoplanetnews.com/ripple-and-bitso-bring-mxnb-stablecoin-to-xrp-ledger/ Cointelegraph

Bitso is expanding its payments partnership with Ripple by bringing its Mexican peso-backed MXNB stablecoin onto the XRP Ledger, where it will be used alongside Ripple USD (RLUSD) to support enterprise cross-border settlement between the United States and Mexico. Mexico City-based Bitso said it will issue MXNB on the XRP Ledger where it will be […]

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Cointelegraph


Bitso is expanding its payments partnership with Ripple by bringing its Mexican peso-backed MXNB stablecoin onto the XRP Ledger, where it will be used alongside Ripple USD (RLUSD) to support enterprise cross-border settlement between the United States and Mexico.

Mexico City-based Bitso said it will issue MXNB on the XRP Ledger where it will be integrated into Ripple’s Payments on DEX infrastructure and paired with RLUSD stablecoin for dollar- and peso-denominated settlement of enterprise payments.

Money transfers between the US and Mexico comprise the single largest remittance corridor in the world, according to the US Federal Reserve. American goods and services trade with Mexico totaled an estimated $935.1 billion in 2024, up 5.5% from 2023, according to the White House Office of the US Trade Representative.

MXNB will also be integrated into the XRP Ledger’s Permissioned DEX, a platform designed for verified participants that enables access to onchain liquidity and settlement infrastructure.

The companies have partnered on cross-border payment services in Latin America for several years, setting the stage for this latest expansion.

Electronic transfers dominated the $65 billion in US-Mexico remittances made by individuals in 2024.Source: Federal Reserve Bank of Dallas

Related: MassPay taps Coinbase to expand stablecoin payouts

Stablecoins continue to gain ground in cross-border payments

Stablecoin adoption continues to grow across Latin America where Bitso operates directly, including in Mexico, Brazil, Argentina and Colombia, with institutional connectivity in Chile and Peru.

Dollar-backed tokens represented 40% of crypto purchases on Bitso’s platform in 2025, exceeding purchases of any other digital asset category.

Financial institutions and remittance companies have also expanded stablecoin-based payment infrastructure in recent months. In May, Anchorage Digital partnered with Mexico’s Grupo Salinas to support cross-border settlement and treasury operations using stablecoins. The companies said the initiative would use blockchain-based payment rails to facilitate international dollar transfers for financial institutions and businesses.

Earlier this month, MoneyGram unveiled its dollar-backed MGUSD stablecoin on the Stellar blockchain. The company said the token will be integrated into its app via a self-custodial wallet, allowing users to hold dollar-denominated balances, move funds globally and convert them into local currencies.

The push toward stablecoin-based payments comes as cross-border transfers remain expensive. World Bank data showed that sending $200 internationally cost an average of 6.36% in the third quarter of 2025, while blockchain-based settlement can be completed for a fraction of a cent.

Stablecoin adoption has accelerated over the past year, with total market capitalization climbing from around $251 billion in mid-2025 to more than $316 billion in June 2026, according to DefiLlama data. 

The global market cap of stablecoins is now more than $316 billion. Source: DefiLlama

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BitGo Launches Custody, Stablecoin and Settlement Platform for Banks https://cryptoplanetnews.com/bitgo-launches-custody-stablecoin-and-settlement-platform-for-banks/ https://cryptoplanetnews.com/bitgo-launches-custody-stablecoin-and-settlement-platform-for-banks/#respond Wed, 20 May 2026 16:20:26 +0000 https://cryptoplanetnews.com/bitgo-launches-custody-stablecoin-and-settlement-platform-for-banks/ Cointelegraph

Crypto custody company BitGo launched a modular digital asset infrastructure platform for banks combining custody, trading, settlement, staking and stablecoin services for financial institutions exploring crypto products and onchain payments. The company said banks can integrate services individually while maintaining control over compliance, governance and client-facing operations. BitGo said the platform is already being used by institutions […]

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Cointelegraph


Crypto custody company BitGo launched a modular digital asset infrastructure platform for banks combining custody, trading, settlement, staking and stablecoin services for financial institutions exploring crypto products and onchain payments.

The company said banks can integrate services individually while maintaining control over compliance, governance and client-facing operations. BitGo said the platform is already being used by institutions including Erebor Bank, Banco de Crédito del Perú, TowerBank and InvestiFi.

BitGo said the system also includes “crypto-as-a-service” tools that allow banks to offer custody, wallet and trading services under their own branding. The company said institutions can adopt products in stages based on operational and regulatory requirements.

“The rapid growth in the value of cryptocurrencies and digital assets has led to growing banking needs for the crypto industry and growing interest in new potential business opportunities from the banking industry,” the US Congressional Research Service said in a February 2025 issue analysis.

Founded in 2013, BitGo is a California-based digital asset infrastructure company that provides crypto custody, trading, staking and settlement services for banks, exchanges and institutional investors.

Last week, the company reported $3.8 billion in first-quarter revenue, up from $1.8 billion a year earlier, as higher crypto trading activity and growth in its stablecoin business boosted results. Despite the revenue increase, the company posted a net loss of $60.7 million for the quarter, partly due to a non-cash loss tied to the value of its Bitcoin treasury holdings.

Related: OKX accelerates US push with BitGo off-exchange settlement

Crypto companies expand banking and institutional infrastructure services

Crypto companies continue to build infrastructure products aimed at banks and financial institutions exploring stablecoins, tokenized assets and digital asset custody.

Ripple expanded its prime brokerage business after completing its roughly $1.25 billion acquisition of Hidden Road last year. The deal gave Ripple a platform serving hedge funds and trading firms across digital assets and traditional markets.

In April, Fireblocks introduced a platform allowing institutions to deploy stablecoin balances into onchain lending markets through Aave and Morpho-powered products.

Earlier this month, Anchorage Digital partnered with Mexico’s Grupo Salinas to provide stablecoin-based settlement and dollar payment infrastructure for banking operations in Latin America. The companies said the system would use GENIUS Act-compliant stablecoins for treasury management and cross-border transfers.

Some crypto exchanges are also pursuing regulated banking and custody frameworks. Kraken parent company Payward recently applied for a national trust company charter with the US Office of the Comptroller of the Currency to expand digital asset custody services.

In March, Kraken Financial gained access to the Federal Reserve’s Fedwire payment network through a Federal Reserve master account, allowing the company to settle payments directly on US banking rails instead of relying on correspondent banks.

Source: Custodia Bank

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Ripple Secures $200M Credit Facility to Expand Institutional Prime Brokerage https://cryptoplanetnews.com/ripple-secures-200m-credit-facility-to-expand-institutional-prime-brokerage/ https://cryptoplanetnews.com/ripple-secures-200m-credit-facility-to-expand-institutional-prime-brokerage/#respond Tue, 12 May 2026 16:08:09 +0000 https://cryptoplanetnews.com/ripple-secures-200m-credit-facility-to-expand-institutional-prime-brokerage/ Ripple Secures $200M Credit Facility to Expand Institutional Prime Brokerage

Ripple has secured a $200 million credit facility from funds managed by Neuberger Berman to expand the lending capacity of its institutional prime brokerage business, highlighting continued demand for financing services in the digital asset market. The company said Monday that the debt facility will allow its Ripple Prime unit to offer more margin loans […]

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Ripple Secures $200M Credit Facility to Expand Institutional Prime Brokerage


Ripple has secured a $200 million credit facility from funds managed by Neuberger Berman to expand the lending capacity of its institutional prime brokerage business, highlighting continued demand for financing services in the digital asset market.

The company said Monday that the debt facility will allow its Ripple Prime unit to offer more margin loans and other financing products to hedge funds, trading companies and other institutional clients active in both crypto and traditional markets. 

Ripple Prime president Noel Kimmel said the additional capital will help the unit serve a broader range of institutional clients as demand for crypto financing and brokerage services continues to grow.

Neuberger Berman is a global investment manager with more than $560 billion in assets under management. 

Ripple acquired prime brokerage platform Hidden Road in 2025 and has since tripled the unit’s revenue, according to the company. Ripple did not disclose whether the business is profitable or how much of the $200 million facility has been drawn.

Source: Fundraising Digest

Related: Ripple CEO says market structure bill not ‘done deal,’ despite compromise

Hidden Road acquisition gave Ripple a foothold in institutional brokerage

Ripple announced its acquisition of Hidden Road in April 2025 and completed the roughly $1.25 billion deal about six months later. The acquisition allowed the company to launch its institutional prime brokerage business, which was later rebranded as Ripple Prime.

Hidden Road was a global prime broker that provides clearing, financing and execution services to hedge funds, market makers and other institutional investors across digital assets and traditional markets. At the time of the acquisition, the company cleared roughly $3 trillion in annual trading volume and served more than 300 institutional clients.

The transaction marked the first known acquisition of a global prime broker by a crypto-native company, giving Ripple a direct foothold in institutional market infrastructure.

Ripple Prime has also seen growing adoption. Last month, crypto exchange operator Bullish expanded its integration with the platform to provide institutional clients with more direct access to Bitcoin options trading.

The integration gives Ripple Prime users access to Bullish’s regulated Bitcoin options market, with stablecoins including Ripple USD (RLUSD) accepted as collateral.

The Ripple USD (RLUSD) stablecoin has a market value of more than $1.5 billion. Source: CoinMarketCap

Related: Crypto Biz: Wall Street wants more than just Bitcoin



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Ripple Prime Clients Gain Access to Bitcoin Options Through Bullish https://cryptoplanetnews.com/ripple-prime-clients-gain-access-to-bitcoin-options-through-bullish/ https://cryptoplanetnews.com/ripple-prime-clients-gain-access-to-bitcoin-options-through-bullish/#respond Fri, 08 May 2026 16:00:40 +0000 https://cryptoplanetnews.com/ripple-prime-clients-gain-access-to-bitcoin-options-through-bullish/ Cointelegraph

Crypto exchange Bullish has expanded its integration with Ripple Prime to give institutional clients direct access to Bitcoin options trading, adding to existing spot, perpetual and futures connectivity through the platform’s prime brokerage network. The integration connects Ripple Prime users to Bullish’s regulated Bitcoin (BTC) options markets, allowing trades to be funded through existing sub-accounts […]

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Cointelegraph


Crypto exchange Bullish has expanded its integration with Ripple Prime to give institutional clients direct access to Bitcoin options trading, adding to existing spot, perpetual and futures connectivity through the platform’s prime brokerage network.

The integration connects Ripple Prime users to Bullish’s regulated Bitcoin (BTC) options markets, allowing trades to be funded through existing sub-accounts without additional onboarding, with stablecoins such as Ripple USD (RLUSD) supported as collateral.

RLUSD is a US dollar-pegged stablecoin designed for payments, settlement and use as collateral in digital asset markets. It has a market capitalization of about $1.57 billion, according to DeFiLlama data.

Source: DefiLlama

Ripple USD market cap. Source: DefiLlama

The companies said they plan to support cross-venue margin access, which would allow institutions to manage collateral across exchanges and OTC desks from a single account to improve capital efficiency.

Ripple Prime is the company’s institutional prime brokerage platform, formed after its $1.25 billion acquisition of crypto prime broker Hidden Road in 2025. It offers multi-asset brokerage, clearing and financing services and cleared more than $3 trillion in volume in 2025, according to the announcement.

Bullish said its Bitcoin (BTC) options venue ranks among the largest by open interest for crypto-settled contracts. The integration is now live, allowing Ripple Prime clients to begin accessing options markets immediately.

Shares of Bullish have declined sharply over the past year, falling more than 60% from their peak in September and trading around $36.58 at the time of writing. The stock was down roughly 8% in early trading on the day, per Yahoo Finance data.

Source: Yahoo Finance
Source: Yahoo Finance

Source: Yahoo Finance

Related: Bitcoin rally falters as AI industry weakens and CLARITY Act approval odds fall

Bitcoin options gain traction as institutions seek risk management tools

Bitcoin’s volatility has made options, which give traders the right to buy or sell an asset at a set price, an increasingly important tool for hedging and trading price swings.

In August 2025, Coinbase finalized its acquisition of Deribit, bringing the largest crypto options venue under its umbrella as part of a broader push to offer spot, futures and options trading on a single platform. 

Some corporate Bitcoin holders are also beginning to move beyond passive exposure toward more active risk management using derivatives.

Last week, Nakamoto, a Nasdaq-listed company focused on building a Bitcoin treasury strategy, said it has been running an actively managed derivatives program since early 2026, using BTC as collateral for options-based strategies designed to generate income from volatility while hedging downside risk.

Over the past year, Bitcoin options markets have remained consistently large, with total open interest standing at about $32.8 billion as of late April 2026, up slightly from roughly $30.8 billion a year earlier and peaking above $50 billion during periods of heightened activity, according to CoinGlass data.

Source: Coinglass
Source: Coinglass

Total Bitcoin options open interest. Source: CoinGlass

Trading is heavily concentrated on Deribit, which accounts for the majority of Bitcoin options open interest, while smaller shares are distributed across venues including CME Group, OKX, Binance and Bybit.

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JPMorgan, Mastercard Make US Treasury Transfer on XRP Ledger https://cryptoplanetnews.com/jpmorgan-mastercard-make-us-treasury-transfer-on-xrp-ledger/ https://cryptoplanetnews.com/jpmorgan-mastercard-make-us-treasury-transfer-on-xrp-ledger/#respond Thu, 07 May 2026 15:59:41 +0000 https://cryptoplanetnews.com/jpmorgan-mastercard-make-us-treasury-transfer-on-xrp-ledger/ Cointelegraph

JPMorgan and Mastercard said they have completed the first cross-border, cross-bank redemption of a tokenized US Treasury fund, working with Ripple’s XRP Ledger and interbank settlement rails. The pilot transaction involved blockchain tokenization platform Ondo Finance redeeming the US Ondo Short-Term US Government Treasuries (OUSG) fund for Ripple on the XRP Ledger. Mastercard’s Multi-Token Network […]

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Cointelegraph


JPMorgan and Mastercard said they have completed the first cross-border, cross-bank redemption of a tokenized US Treasury fund, working with Ripple’s XRP Ledger and interbank settlement rails.

The pilot transaction involved blockchain tokenization platform Ondo Finance redeeming the US Ondo Short-Term US Government Treasuries (OUSG) fund for Ripple on the XRP Ledger. Mastercard’s Multi-Token Network routed settlement instructions to JPMorgan’s Kinexys platform, which delivered US dollars to Ripple’s Singapore bank account.

“For the first time, a public blockchain and global banking infrastructure settled a cross-border transaction of a tokenized fund together in real time,” Ondo Finance said Wednesday.

Source: Ben Grossman

The pilot reflects growing collaboration between crypto firms and TradFi institutions seeking to build faster, lower-cost, global payment and settlement systems that run outside of traditional banking hours.

The pilot builds on a May 2025 test involving JPMorgan and Ondo Finance, in which a tokenized Treasury fund moved between public and permissioned blockchains.

Real-world asset tokenization has drawn growing interest from Wall Street leaders, who envision tokenizing everything from stocks and bonds to money market funds and real estate. 

More than $31.1 billion worth of real-world assets, excluding stablecoins, is currently tokenized onchain, according to RWA.xyz data. Boston Consulting Group estimated in 2022 that the tokenization market could rise to $16 trillion by 2030, while McKinsey & Co. said it could reach a more conservative $2 trillion over the same time frame. 

Related: Stablecoins behave like FX markets as liquidity splits: Eco CEO 

The New York Stock Exchange’s parent, Intercontinental Exchange, announced in January that it would launch a tokenization platform for 24/7 trading and instant settlement of stocks and exchange-traded funds using a blockchain post-trade system, marking one of the biggest developments in the tokenization space to date.

Tokenization needs regulation before widespread adoption

Despite the developments, the International Monetary Fund flagged several concerns in an April report, including that tokenization shifts risk from the banking system to shared ledgers and smart contract code, making it more difficult to intervene during “stress events.” 

The IMF added that without legal clarity over ownership records and settlement finality, tokenized markets risk being “fragmented and peripheral.” 

Shark Tank investor Kevin O’Leary aired these concerns on Wednesday at Consensus Miami 2026, saying that significant capital will not be tokenized until crypto market structure legislation is passed in the US and is compliant with Securities and Exchange Commission rules.

“When that occurs, it’s going to change everything,” O’Leary said at the conference.

Magazine: North Korea denies crypto hacks, Upbit’s bank tests Ripple: Asia Express

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.



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Ripple CEO Says Market Structure Bill Not a ‘Done Deal,’ Despite Stablecoin Compromise https://cryptoplanetnews.com/ripple-ceo-says-market-structure-bill-not-a-done-deal-despite-stablecoin-compromise/ https://cryptoplanetnews.com/ripple-ceo-says-market-structure-bill-not-a-done-deal-despite-stablecoin-compromise/#respond Wed, 06 May 2026 15:56:14 +0000 https://cryptoplanetnews.com/ripple-ceo-says-market-structure-bill-not-a-done-deal-despite-stablecoin-compromise/ Cointelegraph

Brad Garlinghouse, CEO of Ripple Labs, warned Tuesday that recent progress on the digital asset market structure bill in the US Senate did not guarantee success for the legislation, speculating that the next two weeks would be crucial. Speaking at the Consensus crypto conference in Miami, Garlinghouse said that the likelihood of the market structure […]

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Cointelegraph


Brad Garlinghouse, CEO of Ripple Labs, warned Tuesday that recent progress on the digital asset market structure bill in the US Senate did not guarantee success for the legislation, speculating that the next two weeks would be crucial.

Speaking at the Consensus crypto conference in Miami, Garlinghouse said that the likelihood of the market structure bill, the CLARITY Act, passing would “drop precipitously” if not addressed in the next two weeks. According to the Ripple CEO, the bill would be “too much of a loaded issue” amid campaigns for the 2026 US midterms ongoing until the November elections.

“Do I think it’s perfect? Hell no,“ said Garlinghouse, referring to CLARITY. “I challenge you to show me any piece of legislation that we would call perfect. There’s tradeoffs and compromises, but I do think clarity is better than chaos.”

Source: Cointelegraph

The CEO’s remarks came after US Senators Thom Tillis and Angela Alsobrooks announced a compromise on stablecoin yield last week that could lead to the advancement of the CLARITY Act. Addressing stablecoins, as well as tokenized equities and ethics, has been one of the factors holding up the bill in the Senate since it was passed by the US House of Representatives in July 2025.

Related: Crypto PAC spends $500K in support of Indiana candidate ahead of primary

The CLARITY Act, already advanced by the Senate Agriculture Committee in a January markup, also requires approval by the Senate Banking Committee before a vote in the full chamber. Garlinghouse and Ripple executives have been part of negotiations on the CLARITY Act between White House officials and representatives of the crypto and banking industries.

“The Clarity Act is not a future priority; it is the priority,” said Senator Cynthia Lummis, a member of the banking committee, in a Tuesday X post. “Every corner of the industry is operating under legal uncertainty that Congress has the power to fix. The Senate needs to act.”

US financial agencies already moving forward without Congress

The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) signed a memorandum of understanding in March to coordinate their approach to oversight of the digital asset market structure. SEC Chair Paul Atkins said that the agency‘s approach to crypto laws provided a “beginning, not an end,” with the commission awaiting passage of the CLARITY Act.

Magazine: How to fix suspected insider trading on Polymarket and Kalshi

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.



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