Core Insights - Tassat Group has received a U.S. patent for its "yield-in-transit" (YIT) technology, which allows continuous interest accrual during asset ownership changes in settlement processes [1][2] - The YIT technology is designed for high-velocity, always-on settlement environments, aiming to clarify yield distribution among market participants [1][2] - Tassat's CEO highlighted that YIT has significant implications for how institutional clients manage on-chain liquidity [2] Group 1 - The patented YIT technology enables clients to earn interest while assets are in transit during settlement, potentially enhancing capital efficiency [3] - Tassat's YIT is a foundational component of Lynq, a network launched in July 2025, in collaboration with various partners including Arca Labs and tZERO Group [3] - Over 50 institutions are currently onboarding to the Lynq network as the market for tokenized real-world assets, stablecoins, and cryptocurrencies continues to grow [4]

Core Insights - Ripple has secured $500 million in new funding, valuing the company at $40 billion, reaffirming its status as a leading player in the crypto industry [1][2] - The funding round saw participation from major financial institutions, indicating strong institutional demand [2] - Ripple has formed a partnership with Mastercard, WebBank, and Gemini to test RLUSD settlements on the XRP Ledger, marking a significant step towards mainstream blockchain payments [4][5] Funding and Valuation - The capital raise was completed on November 5, 2025, with notable investors including Citadel Securities and Fortress Investment Group [2][7] - This funding follows a $1 billion tender offer earlier in the year at the same valuation, highlighting consistent interest from institutional backers [2] Market Position and Developments - After overcoming legal challenges with the SEC, Ripple's native token XRP has seen a price increase, surpassing $3 in August [3] - The company is re-establishing its presence in the U.S. market, with CEO Brad Garlinghouse emphasizing the positive momentum in blockchain payments [3] Partnership and Innovation - The collaboration with Mastercard, WebBank, and Gemini aims to pilot RLUSD, a regulated U.S. dollar-backed stablecoin, for credit card transaction settlements [4][5] - This initiative represents a milestone as it involves a regulated U.S. bank settling transactions directly on a public blockchain using a licensed stablecoin [5][6]

Core Insights - Ripple has secured a $500 million strategic investment, elevating its valuation to $40 billion, marking it as one of the most valuable private companies in the crypto sector [2][3] - The investment was co-led by Fortress Investment Group and Citadel Securities, indicating strong institutional confidence in Ripple's blockchain payment solutions [2][3] - Ripple's recent achievements include processing $95 billion in payment volume and holding 75 regulatory licenses globally, showcasing its scale and compliance [4] Investment and Valuation - The $500 million investment significantly boosts Ripple's valuation to $40 billion, reflecting a growing institutional trust in blockchain infrastructure [3] - This funding round is one of the largest single funding events in the crypto industry, highlighting the sector's consolidation and maturation [3] Regulatory Environment and Market Trends - The investment comes at a time of a more favorable regulatory environment in the US, with crypto mergers and acquisitions exceeding $10 billion in Q3 2025, a 100% increase from the previous quarter [5] - This trend allows established players like Ripple to accelerate their initiatives without facing previous legal uncertainties [5] Acquisition Strategy - Ripple has transformed its business through an aggressive acquisition strategy, deploying approximately $4 billion across six deals in two years, including notable acquisitions like Rail, GTreasury, and Hidden Road [6]

Core Insights - Ripple USD (RLUSD) has surpassed $1 billion in market capitalization within less than a year of its launch in December 2024, making it the 10th largest U.S. dollar-backed stablecoin by market cap [1][2] - The token is backed by dollar reserves and short-term U.S. Treasuries, and is designed for integration into Ripple's broader payments and liquidity infrastructure [2] - RLUSD's rapid growth indicates strong early demand, leveraging Ripple's existing customer base and global financial network [4] Market Position - RLUSD's market cap is significantly smaller compared to Tether's USDT at $183 billion and Circle's USDC at $76 billion, but its rise reflects a growing interest in the stablecoin [3] - The circulating supply of RLUSD is currently $819 million on the Ethereum blockchain and $203 million on the XRP Ledger network [3] Adoption and Demand - Ripple has seen a rise in demand for its payment services, processing nearly $100 billion in payment volume to date, with RLUSD being the primary stablecoin used for these payment flows [5] - The company has doubled its customer base over the year and now holds over 75 global licenses [5] Acquisition Strategy - Ripple has been active in acquisitions, purchasing four companies this year to enhance its digital assets offerings for institutions and enterprises [6] - The acquisitions include Hidden Road for $1.25 billion and Rail for $200 million, with ongoing efforts to acquire GTreasury and Palisade [6][7] - The acquisition strategy focuses on targets that either accelerate existing offerings or expand into new verticals [7]

Core Insights - Hidden Road Partners, founded in 2018, is a global prime brokerage that provides credit, clearing, and access to both traditional and digital assets, catering to hedge funds, high-frequency trading firms, and institutional investors seeking regulated exposure to crypto markets [1][2] Company Overview - The company is led by Michael Higgins, who serves as the International CEO and Global Head of Corporate Development, and has rapidly expanded its presence in New York and London [2] - Backed by U.S. pension funds, Hidden Road is one of the few prime brokers that connects traditional finance with digital assets [2] Market Trends - Institutional interest in cryptocurrency and blockchain infrastructure is growing, with discussions highlighting the need to differentiate between the two sectors [3] - Demand for liquidity, credit access, and balance-sheet solutions from regulated prime brokers like Hidden Road has surged as various trading firms enter the crypto space [4] Strategic Developments - Hidden Road has recently entered into an acquisition agreement with Ripple, a blockchain payments company, which is seen as a strategic move to address supply-demand challenges in the market [5][6] - The partnership aims to create a "full capital market stack," combining Ripple's custody acquisitions and stablecoin offerings with Hidden Road's prime brokerage services [6]