Ripple out of the shadow of the SEC: The Middle East has become a strategic location, and listed companies have launched XRP reserves to attract investment from Saudi princes

PANews
PANews
XRP+1.10%

by Weilin, PANews

At

the same time as the settlement with the U.S. Securities and Exchange Commission (SEC), Ripple is rapidly restarting its global expansion in the Middle East, with Dubai becoming a key landing point for its layout of tokenised real-world assets (RWAs).

Recently, the Ripple-backed blockchain XRP Ledger was selected as the underlying blockchain network for the Dubai real estate blockchain tokenization project, showing that the development of Ripple and XRP in government-enterprise cooperation, cross-border settlement, and stablecoin infrastructure is gradually turning into a business breakthrough direction for the company.

Meanwhile, on May 29, VivoPower International, a NASDAQ-listed energy company, announced the completion of a $121 million private placement that will transform into a crypto asset reserve strategy with XRP at its core. Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud led a $100...

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