Ripple

https://ripple.com

About the Organization

Ripple is a private fintech company that develops blockchain-based payment and settlement solutions for financial institutions and payment providers, and is associated with the digital asset XRP; its stated mission is to enable faster, lower-cost cross-border payments and improve global liquidity for banks and remittance providers.

Policy Goals

Advocates for clear, proportionate regulation of digital assets and payment systems, legal certainty for token classification, rules that enable cross-border payments innovation, sensible AML/KYC and compliance frameworks for crypto firms, and policies that support enterprise adoption of distributed ledger technology.

Funding

Primarily venture capital and institutional investment, corporate revenues from software and services, and holdings/sales of the XRP digital asset.

Affiliates

Ripple Labs (the company), RippleNet and related business units; high-profile executives and founders including CEO Brad Garlinghouse and co-founder Chris Larsen; partnerships with banks and payments firms such as Santander, SBI Holdings, MoneyGram and several global financial institutions.

Legal Structure

Private company (fintech / blockchain company)

Opposing Bills

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