JUST IN: @Ripple receives preliminary MiCA approval in Luxembourg, pending final conditions, it would allow the company to offer regulated crypto and stablecoin services across all 30 EEA countries.
Today, Mastercard, @OndoFinance, Kinexys by @JPMorgan, and @Ripple successfully completed a landmark transaction connecting a public blockchain with interbank settlement rails.
Together, we’re laying the groundwork for 24/7 global markets that never close.
One last point that I don't make often enough:
We carefully and intentionally designed XRPL so that we could not control it. It's not because we weren't 100% confident we were the very smartest and very best people who could always make the very best decisions. We were confident we were and that we could. We did not lack ego.
But what we also knew was that given the regulatory environment and practical realities of being a company and having investors, there was simply no way we could be assured that we were in control over our own actions.
Ripple, for example, has to honor US court orders. It cannot say no. I think US courts are great and generally issue orders that make sense for good reasons. But could a US court decide that international comity with an oppressive was more important than XRPL or Ripple? We were quite concerned that could come down either way.
We absolutely and clearly decided that we DID NOT WANT control and that it would be to our own benefit to not have that control.
We always want people to trust us. People trusting me is all upside for me. I want as much of that as possible. So does Ripple. But people *having* to trust me or Ripple or anyone else to use XRPL is all downside for us. We knew very early that we wanted as little of that as possible.
We designed it so that we could not own or control it because that was the only way to ensure that nobody could own or control it.
And think about it. Say Ripple could censor transactions or double spend. If we ever did that, all trust in XRPL would be destroyed. It would never make sense for anyone to use that power. And the best way to be able to say "no" is to have to say "no" because you cannot do the thing asked.
Our entire objective in designing the consensus model was to limit its power, for selfish reasons at least as much as noble ones. And the design reflects those objectives.
A genuinely huge moment for XRPL as traditional finance moves onchain!
Aviva Investors, the global asset management business of leading UK insurer Aviva plc, has announced a partnership with @Ripple with the intention of tokenising traditional fund structures on the XRPL.
Read more about how we will be working with Aviva Investors here: https://t.co/1aNg0QIUkV
We’ve secured our preliminary Electronic Money Institution license approval from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF). 🇪🇺
This is a pivotal step toward scaling Ripple Payments across the EU, bringing institutional-grade digital asset infrastructure to the region. https://t.co/Q72ntwwjFB
The momentum is global:
→ 75+ licenses & registrations worldwide
→ $95B+ in volume processed to date
→ Reaching 90% of daily FX markets
With the EU taking the lead in building a regulatory framework for digital assets, we're helping institutions transition from pilots to commercial scale, and we’re bridging the gap between legacy finance and the digital future to unlock trillions in dormant capital.
Compliance and trust are non-negotiables for institutional finance.
That's why $RLUSD has been greenlisted by Abu Dhabi’s FSRA, enabling its use as collateral on exchanges, for lending, and on prime brokerage platforms within @ADGlobalMarket—the international financial centre of Abu Dhabi: https://t.co/vftQQs15RA
Another major step as $RLUSD becomes the compliant, trusted settlement asset for the region. 🌍
Introducing Ripple Prime: We’re pleased to share that our acquisition of Hidden Road is officially complete, making Ripple the first crypto company to own and operate a global, multi-asset prime broker – bringing the promise of digital assets to institutional customers at scale. https://t.co/bckqEHYm1V
This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it.
The future is bright. Let's build.
For those who weren't there at the time, Bank of America was ready to go --> 100% on the XRP Ledger.
Then the lawsuit was dropped by the SEC and the war on crypto began.
That's over now. We won. In due time shortly, you will see results of that win.
a 16 TRILLION dollar token.
even bigger than bitcoin.
it’s coming.
and there will be signs.
i summarised them in this thread.
but that’s only part of the story.
so here’s my full fireside chat.
with the legend.
#xrp ledger co-creator david schwartz.
focus on the tech 👀
EXCLUSIVE: Alex Jones Responds To Mel Gibson Exposing Documented Cancer Cures Being Suppressed By Big Pharma
Plus, Mel Asks, "Why Is Fauci Still Walking Around?"
» WATCH/SHARE THE LIVE X STREAM HERE:
https://t.co/RVTZpU0pW5