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Key Points: Ripple Institutional Investors are Attracted in Dubai and the MENA region, showing their commitment to global expansion despite their legal battle with the SEC. The MENA region is significant for Ripple, as it has key clients there and indicates increasing demand for Ripple solutions in that area. Ripple institutional investors continues to draw in Dubai, according to a new report from Sologenic, an XRP Ledger-based platform. Ripple’s Expansion in Dubai and the MENA Region Ripple institutional investors is making strides in Dubai and the MENA region, despite its legal battle with the SEC. The establishment of a new office at the Dubai International Financial Centre shows their commitment to global expansion. Ripple’s CEO, Brad Garlinghouse, shared that the XRP Ledger has over 4.8 million wallets, with 20% from the MENA region, indicating the increasing demand for Ripple solutions there. Despite the legal dispute, Ripple serves a global clientele, with over 90% of its operations outside the US. The MENA region is significant for Ripple as it has key clients there, including SABB, Qatar National Bank, Lulu Financial Holdings, Al-Ansari Exchange, and RAK Bank. Ripple’s Resilience and Appeal to Institutional Investors Sologenic, a UAE firm, aligns with Ripple’s vision and has onboarded over 200,000 customers onto the XRP Ledger, showing the growing acceptance of Ripple’s solutions in the institutional sphere. Ripple institutional investors resilience and appeal to demonstrate their commitment to global expansion, with the MENA region as a pivotal hub. Furthermore, Sologenic, a UAE-based firm, shares Ripple’s vision and has successfully onboarded over 200,000 customers onto the XRP Ledger. This further underscores the increasing acceptance of Ripple’s solutions within the institutional sphere. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research…

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Filed under: News - @ October 11, 2023 8:16 pm