$XRP Citadel Securities, a capital markets company, has taken an interesting stance in the cryptocurrency industry. They have just led a US$500 million investment in Ripple, a blockchain company focused on cross-border payments, with a valuation of US$40 billion.
This investment shows that Citadel Securities has great confidence in Ripple and its potential in the financial industry. Ripple has shown significant growth, with payment volumes reaching US$95 billion and having 75 regulatory licenses worldwide.
However, on the other hand, Citadel Securities has also expressed opposition to the exclusion of DeFi (Decentralized Finance) from regulation. They argue that DeFi should be subject to the same regulations as traditional financial institutions to protect investors and prevent money laundering.
*Investment in Ripple:*
- Led by Fortress Investment Group and Citadel Securities
- Ripple's valuation reaches US$40 billion
- Investment used for Ripple's service expansion, including the stablecoin RLUSD
*Ripple's Growth:*
- Payment volume reaches US$95 billion
- 75 regulatory licenses worldwide
- RLUSD reaches a market capitalization of US$1 billion in less than a year
*Citadel Securities' Stance on DeFi:*
- Opposes the exclusion of DeFi from regulation
- Argues that DeFi should be subject to the same regulations as traditional financial institutions
