Although Ripple has faced many legal battles with the SEC in recent years, it continues to make a name for itself as one of the most promising cryptocurrency companies.
As Ripple continues its success, Ripple’s token XRP also experienced a huge boom in the rally following Donald Trump’s victory in November.
While this explosion in XRP has also increased the value of Ripple's XRP holdings, Ripple CEO Brad Garlinghouse said that Ripple's XRP assets are over $100 billion.
Speaking in a recent interview, the Ripple CEO highlighted the rise in Ripple’s valuation, revealing that the company holds more than $100 billion worth of XRP.
“The total value of XRP that we currently have has exceeded $100 billion.”
Garlinghouse, who noted that the $11 billion valuation in early 2024 was too old, said an initial public offering was not being considered due to past regulatory challenges and there were no plans for an IPO yet.
Garlinghouse said that demand for Ripple’s custody solutions and Ripple USD (RLUSD) has increased, which is why Ripple is focusing more on solutions like custody and cross-border payments. The famous CEO attributed this increase to regulatory changes and the departure of SEC Chairman Gary Gensler.
On that point, Garlinghouse said recent months have been a “turning point” due to the resignation of SEC Chairman Gary Gensler and the possibility of greater regulatory clarity with a new administration, adding that “the winds have now changed.”
Ripple CEO recently stated that 95% of Ripple customers are outside the US, but he expects interest to return in the US in the next few months.
*This is not investment advice.
