XRP News Today: BlackRock's Investment in XRP Encounters Regulatory Hurdles While Trillions Remain on Hold
- BlackRock's Maxwell Stein highlighted XRP Ledger's role in tokenizing $trillions of real-world assets, partnering with Securitize to boost blockchain infrastructure. - Ripple's $500M funding at $40B valuation and XRP's ISO 20022 compliance intensify ETF speculation amid regulatory uncertainty over SEC's stance. - BlackRock faces scrutiny after a $500M fraud scandal at HPS, raising doubts about its crypto credibility despite XRP's Mastercard/WebBank integrations. - Industry splits on XRP's potential: Blac
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This comes at a pivotal moment. Ripple, the fintech company based in San Francisco, recently attracted $500 million in funding at a $40 billion valuation, with Citadel Securities and Fortress Investment Group leading the round, as detailed by Coinpedia. The influx of capital, combined with BlackRock’s prominent engagement, has fueled rumors of a possible XRP exchange-traded fund (ETF). Observers point out that XRPL’s rapid settlement times—just 3 to 5 seconds—and its adherence to ISO 20022 standards position it as a strong foundation for institutional tokenization, Coinotag further reported.
BlackRock’s reputation in this initiative is also being questioned. Just a few weeks before Swell, the company was embroiled in a $500 million fraud case involving its private-credit division, HPS Investment Partners. The fraud, led by executive Bankim Brahmbhatt, included fake invoices and offshore fund transfers, according to a
The stakes for XRP are considerable. Ripple’s latest alliances—including partnerships with Mastercard, WebBank, and Gemini to process fiat card payments using the RLUSD stablecoin on XRPL—demonstrate its practical uses beyond mere speculation, according to a
Opinions among industry professionals are mixed. Some believe that BlackRock’s $10 trillion in assets under management, paired with XRPL’s technical strengths, could drive institutional uptake of XRP. Others warn that regulatory challenges and rivalry from Ethereum-based tokenization platforms could impede progress. A Deloitte report from 2024 found that 80% of financial institutions see blockchain tokenization as a key growth area by 2030, though significant implementation risks persist, according to Coinotag.
As Ripple Swell wraps up, the digital asset sector is watching for tangible outcomes. With both BlackRock and the White House indicating a convergence of traditional finance and blockchain, XRP’s prospects may depend on regulators’ ability to strike a balance between fostering innovation and ensuring oversight. For now, the central question remains: Can XRP deliver on its potential?
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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