"Ripple pushes approximately $4 billion expansion…expanding institutional infrastructure connecting crypto and Wall Street"

Reports say Ripple is pursuing a large-scale expansion strategy to build prime brokerage, custody, and treasury management solutions and to expand its stablecoin business. The market views this as a move by Ripple to formalize its role in connecting traditional finance and the crypto ecosystem.

On the 13th, crypto-focused media Cointelegraph reported via X (formerly Twitter) that "Ripple is pursuing an expansion strategy of about $4 billion, building prime brokerage infrastructure, custody services, institutional treasury tools, and expanding its stablecoin business."

Indeed, Ripple is pursuing an expansion strategy of about $4 billion aimed at entering Wall Street. Over the year it has broadened its business base by consecutively acquiring institutional credit network Hidden Road (about $1.3 billion), stablecoin-based payment platform Rail (about $200 million), and corporate treasury management solutions provider GTreasury (over $1 billion).