Copy link
Increase text size
Decrease text size
Link copied

Ripple CEO Brad Garlinghouse hints at the possibility of IPO

Fri, 24 Jan 2020, 12:23 pm UTC

Ripple CEO Brad Garlinghouse has hinted at the possibility of an initial public offering (IPO) this year, CoinDesk reported

Garlinghouse shared his opinion at a Ripple-sponsored session at the Wall Street Journal lounge at the World Economic Forum in Davos, Switzerland. He said that an IPO is a “natural evolution for the company.”

“I think over the next 12 months you’re definitely going to see IPOs in the crypto, blockchain space. I’m not sure we want to be first but we certainly don’t want to be last either, so I expect we’ll be on the leading side of that, not the lagging side,” Garlinghouse said.


Garlinghouse also revealed that the company has been holding talks with the United States Securities and Exchange Commission over the regulatory status of Ripple’s native token, XRP.

“We have been talking to the SEC for some period of time,” he said. “I feel like educating regulators is part of my job and I think that’s been a really constructive process.”

Founded in 2012, San Francisco-based Ripple is a cross-border payments company that leverages blockchain technology. Last month, it raised $200 million in a Series C funding round led by Tetragon with participation from SBI Investment, Route 66 Ventures and others. Its blockchain payment network, RippleNet, counts more than 200 financial institutions, including the likes of Westpac, MoneyGram, Santander, and Standard Chartered, as its members.

Earlier this week, the startup announced that XRP sales saw a significant drop in the final quarter of 2019. In its Q4 2019 XRP Markets Report, Ripple said that the total XRP sales were $13.08 million in the fourth quarter compared to $66.24 million in the previous quarter.

“Ripple continued the pause of programmatic sales, focusing solely on our over-the-counter (OTC) sales with a few strategic partners, who are building XRP utility and liquidity in strategic regions including EMEA and Asia,” it said.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,578.75 (-2.96%)
  • Ethereum (ETH) $250.98 (-3.57%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $393.52 (-8.16%)
  • Bitcoin SV (BSV) $289.47 (-2.42%)
  • Bitcoin (BTC) $9,578.75 (-2.96%)
Feb 17, 2020 (Monday)
13:34
Fullerton Markets adds support for cryptocurrency deposits and withdrawals
13:02
Crypto asset custodian Copper raises $8M in Series A round
12:06
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:05
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:58
CFTC sues Colorado resident with fraud in crypto-related Ponzi scheme
11:22
Crypto Technicals: ETH/USD slips below 5-DMA, 'Golden Cross' to limit downside
11:15
Central Bank of The Bahamas to roll out CBDC in H2 2020
10:45
Stellar Development Foundation joins Blockchain Association
10:21
Dubai Multi Commodities Centre to launch blockchain-based sugar trading platform
10:20
Crypto Technicals: BTC/USD holds 21-EMA support, break below could see further weakness
09:22
Binance applied for an operating license in Singapore, CEO confirms
07:23
IOHK establishes new research lab at University of Wyoming
06:53
Chinese forex regulator SAFE’s blockchain cross-border financing pilot continues expansion
05:14
Blockchain social media platform Steemit to migrate to TRON network
Feb 14, 2020 (Friday)
13:11
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:11
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:24
Israel’s stock exchange partners with Edinburgh-based startup for its Blockchain Securities Lending platform
11:48
Blockchain insurance startup B3i completes 30 reinsurance contracts on its platform
11:47
Crypto Technicals: TRON (TRX) confirms 'Golden Cross' on the daily charts, eyes 61.8% Fib at 0.0297
11:04
Crypto investment firm Galaxy Digital lays off 15% of its workforce
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft