Ripple Secured DFSA License in Dubai and Franklin Templeton Filed S-1 for Spot XRP ETF
On March 13, 2025, Ripple announced via a blog post and X.com formerly known as Twitter that it has secured regulatory approval from the Dubai Financial Services Authority (DFSA), making it the first blockchain payments provider licensed in the Dubai International Financial Centre (DIFC).
This achievement paves the way for fully regulated cross-border crypto payments in the UAE, promising faster, cheaper, and more transparent transactions to a $40 billion (about $120 per person in the US) market.
Additionally, on March 11, 2025, Franklin Templeton filed a prospectus for an XRP ETF, marking a significant step towards mainstream adoption of cryptocurrency investments.
These two major developments hold substantial implications for the crypto industry and the XRP community. Ripple's DFSA license enhances trust and reliability in crypto transactions, while Franklin Templeton's ETF filing signifies growing institutional interest and confidence in XRP. Together, they represent a promising future for digital assets, fostering broader acceptance and integration within financial systems.
Ripple and XRP Community March Forward Despite SEC's Appeal Notice to Judge Torres
Despite the SEC's recent notice of appeal to Judge Torres's ruling, the Ripple and XRP community remain resilient and focused on advancing the use of XRP in the digital asset space.
Source: https://x.com/FilanLaw
Bitwise, a prominent crypto asset manager, made a significant announcement on October 2nd, 2024, signalling its intent to launch an XRP exchange-traded fund (ETF). This move demonstrates Bitwise's confidence in the potential of XRP and commitment to providing investors with access to opportunities in the digital asset market.
Bitwise CEO Hunter Horsley expressed optimism about the future of blockchain technology, stating, "We believe blockchains will usher in new apolitical monetary assets and permissionless applications for the 21st century." The filing for a Bitwise XRP ETF reflects the company's determination to facilitate investment in the evolving crypto landscape.
Source: https://x.com/BitwiseInvest
The news of Bitwise's filing for an XRP ETF is a testament to the ongoing support and development within the XRP community, despite the legal challenges faced by Ripple. The community's perseverance and dedication to the advancement of XRP highlight the continued momentum behind the digital asset. As the SEC's appeal unfolds, the Ripple and XRP communities remain steadfast in their commitment to driving innovation and adoption in the digital asset space.
CEO of Ripple Brad Garlinghouse: We are going to see XRP ETF Probably in 2025
On June 4th, 2024, during an interview on Fox Business News, Brad Garlinghouse, the CEO of Ripple, made a significant statement regarding the future of XRP. Garlinghouse expressed his optimism about the possibility of an XRP exchange-traded fund (ETF) coming to fruition, stating that he believes we may see an XRP ETF as early as 2025. This revelation has sparked considerable interest and discussion within the cryptocurrency and investment communities.
We are going to see XRP ETF, probably in 2025.
The potential for an XRP ETF could have far-reaching implications for Ripple and the broader cryptocurrency market. If realized, an XRP ETF could offer investors a new, regulated means of gaining exposure to the digital asset, potentially increasing its accessibility and appeal to a wider range of market participants.
Garlinghouse's insight has generated anticipation and speculation about the impact an XRP ETF could have on the digital asset landscape, suggesting that 2025 could be a pivotal year for both XRP and the cryptocurrency market.