Speaking at Ripple Swell 2025, Renat Veriki emphasized that Ripple’s financial power and innovation pipeline will help G Treasury “outpace the market.” The recent merger blends Ripple’s blockchain infrastructure with G Treasury’s established enterprise software, accelerating modernization across global treasury operations.
Now part of Ripple, G Treasury processes over $13 trillion in annual payments for major global corporations. CEO Renat Veriki revealed that the firm manages $250 billion in monitored accounts, helping clients gain real-time cash visibility and control. Ripple’s technology aims to transform these payments into instantaneous transactions, revolutionizing how corporate treasurers move and optimize liquidity.
At the event, Palisade co-founder Manthan Det highlighted Ripple’s global presence as key to reaching new markets. “Ripple has deep roots in institutional finance; this acquisition helps us scale faster,” he explained. Det emphasized that Palisade’s flexible wallet platform will now serve a broader range of clients, especially in cross-border payments, treasury management, and crypto onboarding.
Ripple also officially announced the acquisition of Palisade, an institutional-grade custody and wallet infrastructure provider founded in 2022. Palisade specializes in multi-signature, MPC, and HSM wallets, providing wallet-as-a-service to institutions managing payments, onboarding, and treasury operations. Det stated that the deal will accelerate the company’s mission to offer secure, adaptable wallet solutions globally.
Martin Bronco, CEO of Schuman Financial, projected that euro-backed stablecoins could capture up to $300 billion of the future trillion-dollar stablecoin market. Drawing a parallel to USDC and Tether dominating the dollar-backed space, Bronco expects only a few major issuers will lead in euros. With half a billion Europeans and a GDP matching that of the U.S., he believes the demand for euro-based digital assets is inevitable.
Schuman Financial unveiled a new FX product enabling users to swap USDC for euros in under 15 minutes—a significant improvement over traditional multi-day transfers. This service uses its MiCA-compliant euro stablecoin integrated with European banking systems. Bronco highlighted that this innovation showcases how blockchain can drastically cut transaction times and costs in global finance.
Choosing the XRP Ledger for its euro stablecoin, Schuman Financial praised it as a “compliance-first, battle-tested chain.” Bronco emphasized that XRPL’s speed, low fees, and reliability make it ideal for regulated financial products. As Europe continues migrating its financial infrastructure on-chain, Ripple’s technology is positioning itself as the backbone for tokenized euro transactions and payments.
At Ripple Swell 2025, Bronco also noted Europe’s rapid progress in digital finance, attributed mainly to the MiCA regulatory framework, which treats stablecoins as regulated money. However, with the U.S. Genius Act now in effect, he believes the competitive advantage between the regions has evened out.
During a CoinDesk-hosted session, Bitwise CEO Hunter Horsley was asked by Jen Sassie whether Bitcoin could still hit $200,000 this year. Horsley deferred to CIO Matt Hougan’s earlier comment that the prediction remains “in play.” With Bitcoin trading near $104,000 and volatility around 35%, analysts say reaching $200,000 would require a major, unexpected market catalyst.
Horsley hinted at massive potential for an XRP ETF, comparing its possible success to Solana’s. He pointed out XRP’s strong community support and real-world utility in payments, calling it a “high-demand product” once available as a regulated ETF. Institutional investors are eager to access assets like XRP through ETFs, as trillions in traditional capital move on-chain.
Bitwise’s new Solana Staking ETF (BSOL) has seen explosive demand, gathering over $400 million within five business days. Horsley revealed that financial advisors, hedge funds, and individual investors contributed to this interest. BSOL has become the largest ETF launch of 2025 across all asset classes, signaling rising mainstream demand for blockchain-based investment vehicles.
Horsley also declared that 2025 marks the year traditional finance and crypto finally connect. Institutions and advisors entering the digital asset space characterize this as one of the most exciting times for crypto. Bitwise is witnessing record inflows and interest as financial giants integrate blockchain-based products for their clients.
Monica Long, Ripple’s executive, reassured the XRP community of the company’s strong commitment to expanding XRP utility, trust, and liquidity. Ripple continues investing in new features for the XRP Ledger and aims to bring more institutions onto the network. With ongoing innovation and stablecoin integration, Ripple plans to keep driving adoption and real-world use cases that strengthen XRP’s value over time.
Part of Ripple’s ongoing innovation includes plans to introduce a new lending protocol on the XRP Ledger. Long explained that the developer team is expanding use cases and adding features via regular amendments. This protocol aims to bring decentralized lending directly onto the XRP Ledger, boosting utility and liquidity. Ripple’s sustained investment underscores its focus on advancing institutional-grade blockchain infrastructure.
Ripple’s stablecoin RLUSD is gaining traction among institutional users. Monica Long noted that the DFS-regulated, U.S. dollar-backed token now powers most of Ripple’s payment flows. Launched to ensure trusted, compliant, and efficient transactions within Ripple’s network, RLUSD supports faster cross-border payments on the XRP Ledger alongside other stablecoins like Euro-P, reinforcing Ripple’s mission for stability and transparency in blockchain finance.
At Ripple Swell, NASDAQ CEO Adena Friedman and Ripple Prime CEO Mark Ash discussed blockchain’s potential to modernize post-trade clearing and settlement. They emphasized faster capital mobility and increased efficiency as key benefits. Ripple’s Prime platform plays a vital role in bridging decentralized and traditional financial systems, reflecting how blockchain is reshaping global capital markets.
Ripple’s Prime platform has been rebranded to better serve institutional clients seeking reliable trading and liquidity solutions. Monica Long noted that Prime benefits from Ripple’s “ocean of liquidity,” making it ideal for institutional money management. The platform is designed to offer efficiency, credibility, and deeper access to blockchain markets, serving as a core part of Ripple’s strategy to strengthen digital asset adoption.
Confirming Ripple’s expansion into end-to-end digital asset infrastructure, Monica Long highlighted key acquisitions such as Rail and Palisade, now adding custody, liquidity, and compliance solutions to Ripple’s payment network. Holding over 75 licenses globally, Ripple aims to provide businesses with complete blockchain solutions via a single integration, reinforcing its position as a leading digital asset service provider beyond payments.
Ripple’s collaboration with G Treasury marks a strategic move into corporate treasury solutions. Monica Long called the sector “a massive opportunity,” noting corporations drive the majority of global money flows. Ripple aims to co-develop blockchain-based solutions to improve efficiency and transparency in treasury management.
Evernorth, a digital asset treasury (DAT) platform built on the XRP Ledger, was introduced by former Ripple executive Asheesh Birla. Announced at Ripple Swell 2025, Evernorth helps institutions manage and grow their crypto holdings responsibly. Birla explained, “This is the next wave of bridging traditional finance with blockchain.” The platform’s goal is to make institutional crypto exposure as straightforward as holding public stock.
Evernorth will start by generating yield through traditional methods, with plans to expand into DeFi opportunities as the ecosystem matures. Birla elaborated, “We’ll earn yield responsibly while preparing to integrate decentralized finance under proper controls.” He emphasized that Ripple chose to partner with banks rather than replace them, a philosophy that now underpins Evernorth’s foundation on the XRP Ledger.
Panelists at Ripple Swell discussed a wave of recent mergers and acquisitions within the blockchain ecosystem. As financial institutions seek faster blockchain integration, many prefer acquiring existing technology over building in-house. The event’s tone reflected a new era of strategic consolidation, where crypto firms and traditional finance entities increasingly combine capabilities to accelerate adoption.
The conference highlighted the growing integration of digital assets with traditional financial systems. Experts described the current period as an “age of collaboration,” where banks, asset managers, and payment networks actively utilize blockchain technology. Institutional players now view crypto not as competition but as crucial infrastructure for the future of finance.
Kraken’s leadership shared insights on derivatives growth, especially among professional traders. Co-CEO David Ripley explained that while retail investors lean toward spot markets, advanced users and institutions increasingly trade futures and margin products. Kraken’s rising derivatives volume supports its strategy of bridging traditional finance with blockchain-based trading.
Wall Street institutions such as BlackRock, NASDAQ, and JP Morgan used Ripple Swell 2025 as a platform to showcase their expanding involvement in digital assets. Discussions focused on tokenization, staking, and blockchain payments reshaping financial infrastructure. Speakers agreed that institutional adoption has reached an irreversible stage as regulations and market infrastructure mature.
CoinDesk hosts welcomed the “XRP Army” tuning in online during Ripple Swell 2025, where the passionate community actively engaged through chat. Their enthusiasm reflects how strong crypto communities contribute significantly to raising awareness, engagement, and adoption across major blockchain projects.
Ripley noted that stablecoins are rapidly becoming a preferred settlement tool industry-wide. He observed that both businesses and individuals increasingly favor stablecoins over traditional fund transfers like SWIFT or wires. With improving regulatory clarity, Kraken anticipates even greater stablecoin adoption for remittances and global commerce, deeming them “a far superior payment mechanism” to traditional banking systems.
Kraken co-CEO David Ripley revealed plans to introduce tokenized equities as the exchange expands beyond crypto into traditional finance. Through its acquisition of NinjaTrader and registration as a broker-dealer, Kraken now offers equities and futures trading. Ripley said tokenized stocks represent the next frontier, marrying blockchain efficiency with familiar investment instruments.
Panelists commemorated the Bitcoin whitepaper anniversary by dubbing 2025 the “year of payments.” Discussions centered on enhancing cross-border transfers, stablecoin interoperability, and simplifying blockchain payments for consumers. Experts emphasized that with decreasing volatility and rising adoption, crypto is entering its most practical, utility-driven phase yet.
Ripley disclosed that Kraken spent only $5 million on marketing during the 2021 bull market but achieved multibillion-dollar growth. Speaking at Ripple Swell, he credited the company’s focus on user trust, product diversity, and innovation for its success. Kraken now plans to scale marketing efforts, observing customer payback periods of six to nine months as it continues expanding into equities and tokenized assets.
Kraken also announced record-breaking Q3 profits during Ripple Swell 2025, reporting a 114% year-over-year increase and a 50% rise quarter-over-quarter. Ripley attributed the surge to strong performance across derivatives, staking, lending, and new products. He highlighted Kraken’s expansion into traditional finance, positioning it as a full-service financial technology platform.
Ripple CEO Brad Garlinghouse described crypto ETFs as “an institutional unlock” for capital previously unable to access digital assets. He noted that the Bitcoin ETF became the fastest in history to reach $10 billion in assets, reflecting growing institutional interest. Garlinghouse believes ETFs will institutionalize the crypto sector and could soon rival gold ETF market scale.
Speakers praised the rapid progress of crypto regulation in the United States during 2025. For the first time, the SEC and CFTC are seen collaborating to create a unified framework for digital asset oversight. While such cooperation often follows a crisis, this year’s progress occurred without financial turmoil—signaling a maturing market ready for institutional growth.
Leaders from Wall Street and the blockchain industry united at Ripple Swell 2025 to discuss the growing convergence of traditional finance and decentralized systems. Panelists highlighted how major institutions now not only invest in crypto but also actively build, stake, and contribute to blockchain ecosystems. With improving U.S. regulatory clarity, financial giants are increasingly integrating blockchain into core operations.
Held at Hudson Yards in New York City, Ripple Swell 2025 attracted over 700 influential figures from crypto, finance, and policymaking. Executives from BlackRock, NASDAQ, and JP Morgan participated in this flagship invite-only event, discussing the evolving relationship between digital assets and traditional markets. The focus on institutional adoption, stablecoin payments, and regulatory clarity underscores blockchain’s growing embedment in mainstream finance.
Ripple Swell 2025 became a defining moment for global finance as BlackRock revealed tokenization efforts on the XRP Ledger, the White House made a surprise appearance, and Canary Capital hinted an XRP ETF could launch “next week.” The event blurred the line between TradFi and DeFi, signaling a seismic shift in money movement. As Wall Street goes on-chain, the next question remains: can XRP handle the trillions about to flow through it?
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