XRP is no longer just for individual investors but is becoming a strategic asset in corporate treasuries.
An increasing number of companies globally are adding XRP to their balance sheets as a financial solution rather than for speculation, reflecting a trend of widespread and serious adoption of this asset.
MAIN CONTENT
XRP is chosen by many businesses as a strategic financial tool on their balance sheets.
Easier access for institutional investors thanks to custody platforms and increased liquidity.
The Ripple lawsuit with the SEC is being closely monitored, with updates expected in mid-August.
How are businesses using XRP in financial treasury?
Many companies not only hold XRP for speculation but see it as a strategic asset to enhance their financial foundation. For example, Flora Growth (USA) reports holding XRP along with Ethereum and Solana to strengthen their assets.
Additionally, Hyperscale Data is committed to regularly updating its digital asset balances, with Ault Capital Group investing $10 million in XRP. This demonstrates the trend of using XRP is spreading and has long-term and serious investment characteristics.
The globalization of this trend is also reflected in companies in China and the UK announcing their holdings of XRP with investments in the hundreds of millions of USD, showing a diversity of fields and geographic reach.
How has XRP become easily accessible to institutional investors?
XRP is now listed on BDACS, a platform that provides secure custody solutions for institutions, enhancing Ripple's connections with the highly liquid Korean market on exchanges like Upbit, Coinone, and Korbit.
This makes it more convenient for institutional investors to deploy XRP into their portfolios. A recent transaction of 20 million XRP worth about $60 million from Upbit demonstrates positive movement and long-term interest from whales and institutions.
XRP is proving its role not only in trading but also in corporate asset management, creating portfolio diversification and optimizing cash flow.
Bill Morgan, Cryptocurrency Legal Expert, 2023
What lies ahead for XRP?
The lawsuit between Ripple and the SEC still has no final conclusion. An update is expected on August 15, creating a clearer legal basis that could affect the price of XRP. This event has stimulated a recent price increase of 8 to 10%.
With a trading price around $2.97 at the time of writing, although the market is still under pressure, the bigger story is the trend of companies and organizations actively holding XRP as a long-term treasury tool becoming increasingly clear.
XRP is transforming from a speculative asset into a sustainable financial tool for businesses, opening a new chapter for cryptocurrency in financial governance.
Flora Growth, Form 10-Q report, 2024
Frequently Asked Questions
How is XRP used by businesses?
Many businesses are adding XRP to their balance sheets to optimize financial resources, not just for speculation but also as a long-term strategic asset.
How has XRP become more accessible to institutional investors?
XRP is currently held on dedicated platforms like BDACS with deep liquidity from major exchanges, making it easy for institutions to deploy and manage assets.
How does the Ripple lawsuit with the SEC affect XRP?
The lawsuit is being closely monitored, with an update expected in mid-August, which could clarify XRP's legal standing and impact market dynamics.
Which companies have announced their ownership of XRP?
Flora Growth, Hyperscale Data, Webus International, VivoPower, and Wellgistics are publicly traded companies that own XRP in their financial reports.
What factors are currently driving the price of XRP?
Information about the Ripple lawsuit and the increase in institutional holdings has stimulated the price of XRP to rise about 8 to 10% recently.
Source: https://tintucbitcoin.com/xrp-tang-luu-thong-tren-bang-can-doi/
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