Ripple Scores $15 Billion Valuation — CEO Says Financial Position Is Strongest Ever Despite SEC Lawsuit Over XRP

Ripple has purchased again shares from its Series C funding spherical, which raised the corporate’s valuation to $15 billion, in keeping with CEO Brad Garlinghouse. He added that regardless of the lawsuit by the U.S. Securities and Exchange Commission (SEC) over the standing of XRP cryptocurrency, Ripple had the most effective 12 months on document.

Ripple’s $15 Billion Valuation and ‘Best Year on Record’

Ripple CEO Brad Garlinghouse introduced through Twitter Wednesday that Ripple has purchased again its Series C shares at a $15 billion valuation.

The CEO described that “Even with 2021’s headwinds, it was our greatest 12 months on document,” including that Ripple’s monetary place is the strongest it has ever been, with $1 billion {dollars} within the financial institution.

In December 2019, the corporate raised $200 million within the Series C funding spherical, led by Tetragon. SBI Holdings and Route 66 Ventures additionally participated. According to reviews, the corporate’s valuation was $10 billion after the Series C funding spherical.

Noting that “decelerate” shouldn’t be in Ripple’s vocabulary for 2022, Garlinghouse proceeded to elucidate the progress of Ripplenet and Ripplex in follow-up tweets Wednesday.

Regarding Ripplenet, he mentioned that the community has a quantity run price of greater than $10 billion right this moment. In addition, Ripplex is “establishing a mess of capabilities to the XRP ledger – NFTs, CBDCs, interoperability bridges, sidechains, and a lot extra,” the manager defined.

In December, Garlinghouse equally mentioned that Ripple had their strongest year ever regardless of the continuing lawsuit introduced by the U.S. Securities and Exchange Commission (SEC) over the standing of XRP cryptocurrency.

The SEC filed the lawsuit towards Ripple Labs, Garlinghouse, and co-founder Chris Larsen in December 2020 alleging that the sale of XRP was an unregistered securities providing. Garlinghouse believes that the lawsuit will conclude this 12 months.

What do you concentrate on Ripple’s achievements regardless of the SEC lawsuit over XRP? Let us know within the feedback part beneath.