Ripple has transformed its business through partnerships, acquisitions, tokenization initiatives, and the launch of XRP ETFs since its landmark legal victory over the SEC.
Three years have passed since Judge Analisa Torres issued the landmark ruling that reshaped the legal treatment of XRP and marked one of the most significant moments in the cryptocurrency industry’s history.
On July 13, 2023, the court ruled that Ripple’s programmatic sales of XRP on public crypto exchanges did not qualify as securities transactions. However, the judge found that XRP sales made directly to institutional investors violated U.S. securities laws. The decision established a key legal distinction that continues to influence the digital asset industry.
The ruling sparked an immediate surge in XRP’s price, with the token jumping more than 70% in a single day. Major U.S. cryptocurrency exchanges, including Coinbase, Kraken, and Gemini, quickly relisted XRP after previously suspending trading following the SEC’s lawsuit.
XRP continued its momentum into late 2024 before climbing above $3 in early 2025 and eventually reaching a new all time high later that year. Although the token later retreated alongside the broader crypto market, it remained above $1 on the third anniversary of the court ruling.
Following its legal victory, Ripple accelerated its expansion beyond XRP. In December 2024, the company launched RLUSD, its U.S. dollar backed stablecoin, broadening its presence in the digital payments sector.
Ripple Expanded Through Strategic Partnerships
Ripple significantly strengthened its global ecosystem through a series of partnerships aimed at expanding payments, interoperability, and tokenization.
The company partnered with African payments network Onafriq to improve cross border payments across the continent using Ripple Payments. It later joined forces with the Axelar Foundation to enhance interoperability across the XRP Ledger.
Ripple also collaborated with Clear Junction to expand euro payment capabilities across Europe. Additional partnerships with Archax and OpenEden brought tokenized real world assets and tokenized U.S. Treasury bills to the XRP Ledger.
In 2025, Ripple added South Korean institutional custody provider BDACS as a strategic partner and worked with tokenization platform Ctrl Alt on the Dubai Land Department’s real estate tokenization initiative. During the same period, BNY Mellon was selected as the primary custodian for RLUSD reserves.
Acquisitions Strengthened Ripple’s Institutional Push
Ripple also expanded through acquisitions designed to strengthen its institutional offerings.
The company completed its acquisition of Standard Custody & Trust Company in June 2024, enhancing its regulatory infrastructure and custody capabilities.
It followed that move with the $1.25 billion acquisition of global prime broker Hidden Road in April 2025. The deal significantly broadened Ripple’s institutional business, adding prime brokerage, clearing, and financing services while integrating RLUSD and the XRP Ledger into Hidden Road’s post trade operations.
XRP Entered the ETF Market
The legal clarity created by the Torres ruling also laid the foundation for XRP’s entry into the U.S. spot ETF market.
Several major asset managers, including Bitwise, Franklin Templeton, Grayscale, Canary Capital, and 21Shares, filed applications for spot XRP exchange traded funds as regulatory uncertainty eased. The first products eventually launched in late 2025.
Since their debut, XRP ETFs have attracted strong investor demand and ranked among the leading crypto investment products. Although the funds recently recorded their first notable setback with approximately $2.5 million in net outflows during July, the decline followed an impressive nine consecutive weeks of positive inflows, underscoring continued institutional interest in the asset.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
