Ripple CEO: “XRP is our ‘North Star’… We’ll aim for a $1 trillion company”

Ripple CEO Brad Garlinghouse said the company is positioning XRP as a core pillar and is targeting a long-term goal of reaching a $1 trillion valuation.

According to Decrypt on the 11th (local time), Garlinghouse said at the “XRP Community Day” event, “A $1 trillion crypto company will definitely emerge,” adding, “If Ripple works with the XRP ecosystem and executes correctly, we have a chance to be that company.” He added, “It could be more than one.”

Ripple raised $500 million in November last year from Citadel Securities and Fortress Investment Group, among others, and was valued at about $40 billion. To reach $1 trillion, it would need to expand by roughly 25 times its current valuation.

Garlinghouse noted that over the past month, XRP and Bitcoin prices fell 33% and 26%, respectively, emphasizing that the market should not focus excessively on short-term volatility. He said, “The opportunity to rebuild financial infrastructure and make it faster and more efficient is enormous.”

Ripple has pursued an aggressive expansion strategy, including acquiring Hidden Road for $1.25 billion and G Treasury for $1 billion last year, and investing $200 million in the stablecoin firm Rail. However, Garlinghouse said of this year’s strategy, “We’ll focus on integration rather than large-scale acquisitions,” adding, “In the second half, we can review opportunities again.”

He stressed in particular, “Ripple’s reason for being is to drive the success of XRP and the XRP ecosystem,” adding, “XRP is our north star.”