Ripple Swell 2025 Key Updates Day 1

Bitwise’s new Solana Staking ETF (BSOL) has seen explosive demand, gathering over $400 million within five business days. Hunter Horsley revealed that the ETF drew interest from financial advisors, hedge funds, and individual investors. BSOL has become the largest ETF launch of 2025 across all asset classes, signaling rising mainstream demand for blockchain-based investment vehicles.

At Ripple Swell 2025, Bitwise CEO Hunter Horsley said 2025 marks the year traditional finance and crypto finally connect. He noted that institutions and advisors are now entering the digital asset space, calling it one of the most exciting times for crypto. Horsley said Bitwise is witnessing record inflows and interest as financial giants integrate blockchain-based products for their clients.

Monica Long reassured the XRP community of Ripple’s strong commitment to expanding XRP utility, trust, and liquidity. She said Ripple continues to invest 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 the value of XRP over time.

Ripple plans to introduce a new lending protocol on the XRP Ledger as part of its ongoing innovation push. Monica Long said the company’s developer team continues to expand use cases and add new features through regular amendments. The new protocol aims to bring decentralized lending directly onto the XRP Ledger, boosting utility and liquidity. Ripple’s continued investment reflects its focus on advancing institutional-grade blockchain infrastructure.

Ripple’s stablecoin RLUSD is gaining traction among institutional users. Monica Long said the DFS-regulated U.S. dollar-backed token now powers most of Ripple’s payment flows. RLUSD was launched to ensure trusted, compliant, and efficient transactions within Ripple’s network. Alongside other stablecoins like Euro-P, RLUSD supports faster cross-border payments on the XRP Ledger, reinforcing Ripple’s mission to bring more stability and transparency to blockchain finance

At Ripple Swell, NASDAQ CEO Adena Friedman and Ripple Prime CEO Mark Ash discussed how blockchain could modernize post-trade clearing and settlement. They emphasized faster capital mobility and greater efficiency as key benefits. Ripple’s Prime platform plays a vital role in supporting this transformation, offering a bridge between decentralized and traditional financial systems. The discussion reflected how blockchain technology is reshaping global capital markets.

Ripple’s Prime platform has been rebranded to serve institutional clients seeking reliable trading and liquidity solutions. Monica Long said Ripple Prime benefits from the company’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. Ripple sees Prime as a core part of its strategy to strengthen digital asset adoption.

Monica Long confirmed Ripple’s expansion into end-to-end digital asset infrastructure through key acquisitions. The company now holds over 75 licenses globally and recently acquired Rail and Palisade to strengthen its payment network. Ripple aims to provide businesses with complete blockchain solutions, including custody, liquidity, and compliance, all through a single integration. These steps position Ripple 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,” with corporations responsible for the majority of global money flows. Ripple aims to co-develop blockchain-based solutions that improve efficiency and transparency in treasury management.

Evernorth will start by generating yield through traditional methods but plans to expand into DeFi opportunities as the ecosystem matures. “We’ll earn yield responsibly while preparing to integrate decentralized finance under proper controls,” Birla explained. The vision: a compliant, yield-bearing XRP treasury product accessible through traditional investment platforms.

Reflecting on Ripple’s journey, Birla said early crypto narratives focused on replacing banks, while Ripple chose to partner with them. “We wanted to bring financial institutions along, not disband them,” he explained. That vision, now mainstream across the crypto industry, is what fuels Evernorth’s foundation on the XRP Ledger. “Bridging traditional finance to crypto has been our philosophy since day one,” Birla added.

At Ripple Swell 2025 in New York, former Ripple executive Asheesh Birla announced the launch of Evernorth, a digital asset treasury (DAT) built on the XRP Ledger. Birla said the platform will help institutions manage and grow their crypto holdings responsibly. “This is the next wave of bridging traditional finance with blockchain,” he noted. Evernorth’s goal is to make institutional crypto exposure as simple as holding public stock.

Industry leaders at Ripple Swell discussed a wave of recent mergers and acquisitions within the blockchain ecosystem. As financial institutions seek faster blockchain integration, many are choosing to acquire rather than build technology in-house. The event’s tone reflected a new era of strategic consolidation—where crypto firms and traditional finance entities increasingly merge capabilities to accelerate adoption.

This year’s Ripple Swell highlighted the increasing integration of digital assets with traditional systems. Experts said that the financial world is entering an “age of collaboration,” where banks, asset managers, and payment networks are actively using blockchain. The event underscored how institutional players now see crypto not as competition but as critical infrastructure for the future of finance.

Kraken’s leadership believes derivatives will remain a key driver of growth, especially among professional traders. Ripley explained that while retail investors prefer spot markets, advanced users and institutions are increasingly using futures and margin products. Kraken’s derivatives volume continues to climb, supporting its strategy of bridging traditional finance with blockchain-based trading.

Ripple Swell 2025 served as a stage for Wall Street institutions like BlackRock, NASDAQ, and JP Morgan to showcase their growing involvement in digital assets. Discussions centered on how tokenization, staking, and blockchain payments are 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 as Ripple Swell 2025 streamed live from New York City. The passionate community flooded the chat during the event, showcasing its enduring support for Ripple and the XRP Ledger ecosystem. Their enthusiasm reflects how strong crypto communities have become in driving awareness, engagement, and adoption across major blockchain projects.

Ripley noted that stablecoins are rapidly becoming a preferred settlement tool across the crypto industry. He explained that both businesses and individuals increasingly use stablecoins over traditional transfers like SWIFT or wire payments. As regulatory clarity improves, Kraken expects even greater stablecoin adoption for remittances and global commerce, calling 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 major frontier—blending the efficiency of blockchain with familiar investment instruments.

Panelists at Ripple Swell marked the anniversary of Bitcoin’s whitepaper by emphasizing 2025 as the “year of payments.” Discussions focused on improving cross-border transfers, stablecoin interoperability, and simplifying blockchain payments for consumers. With volatility decreasing and adoption increasing, experts said crypto is entering its most practical and utility-driven phase yet.

David Ripley revealed that Kraken spent just $5 million on marketing during the 2021 bull market—yet achieved multibillion-dollar growth. Speaking at Ripple Swell, he said the company’s focus on user trust, product diversity, and innovation drove success. Kraken now plans to scale marketing operations, seeing customer payback periods of six to nine months as the platform continues expanding into equities and tokenized assets.

Kraken co-CEO David Ripley announced record-breaking Q3 profits during his appearance at Ripple Swell 2025. The exchange reported 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 emphasized that Kraken’s expansion into traditional finance, including futures and equities, positions it as a full-service financial technology platform.

Ripple CEO Brad Garlinghouse said during Ripple Swell that crypto ETFs are “an institutional unlock” for capital that couldn’t previously access digital assets. He highlighted that the Bitcoin ETF became the fastest in history to reach $10 billion in assets, reflecting rising institutional interest. Garlinghouse believes ETFs will institutionalize the crypto sector and could soon rival the scale of the gold ETF market.

Speakers at Ripple Swell 2025 praised the rapid progress of crypto regulation in the United States this year. For the first time, the SEC and CFTC are seen working in alignment, creating a unified framework for digital asset oversight. Industry participants noted that such cooperation typically follows a crisis, yet 2025 saw progress without financial turmoil—signaling a maturing market ready for institutional growth.

At Ripple Swell 2025, leaders from Wall Street and the blockchain industry came together to discuss the growing convergence of traditional finance and decentralized systems. Panelists highlighted how major institutions are not only investing in crypto but actively building, staking, and contributing to blockchain ecosystems. With regulatory clarity improving in the U.S., many financial giants are now taking a hands-on approach to integrating blockchain into their core operations.

Ripple Swell 2025 kicked off at Hudson Yards in New York City, drawing over 700 of the most influential figures from crypto, finance, and policymaking. Executives from BlackRock, NASDAQ, and JP Morgan joined the flagship invite-only event to discuss the evolving relationship between digital assets and traditional markets. The event’s focus centers on institutional adoption, stablecoin payments, and regulatory clarity—reflecting how deeply blockchain is now embedded in mainstream finance.

Ripple Swell 2025 turned into a defining moment for global finance — BlackRock revealed its 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. If Wall Street just went on-chain, the next question is clear — can XRP handle the trillions about to flow through it?

At Ripple Swell 2025, BlackRock’s Maxwell Stein electrified the crowd, declaring, “The market is ready for broader adoption — trillions are coming on-chain.” Stein praised Ripple and other early builders for transforming blockchain into real financial infrastructure, powering tokenized assets like bonds and stablecoins. His remarks signaled that institutional capital is no longer waiting on the sidelines — it’s entering the blockchain era, validating Ripple’s vision of global liquidity rails

At Ripple Swell 2025, GTreasury CEO Renaat Ver Eecke revealed how Ripple’s $1B acquisition is redefining corporate finance. “We’re moving from managing capital to activating it,” he said on CoinDesk TV. GTreasury, which processes over $10T annually, will use Ripple’s $RLUSD stablecoin and On-Demand Liquidity tech to let CFOs move funds globally in seconds — unlocking trillions in trapped liquidity through real-time visibility and blockchain innovation.