The blockchain company Ripple continues to garner attention in the investment community, despite ongoing legal battles with the SEC. Its private stock now trades at $114.51 per share, implying a valuation of $19.6 billion.
Understanding Ripple’s Current Valuation
Ripple, based in San Francisco, is best known for its payment protocol. The $19.6 billion valuation highlights the company’s significant technological advancements and partnerships with financial institutions. Its On-Demand Liquidity (ODL) service, using XRP for international transfers, has been a key driver of its success.
Impact of the SEC Lawsuit
Despite the ongoing lawsuit with the SEC alleging unregistered sales of XRP tokens, Ripple continues to advance. In July 2023, a district court issued a partial ruling declaring that retail sales of XRP do not constitute securities offerings, which led to positive market changes.
Investor Sentiment
The rise in Ripple's valuation on Linqto indicates continued interest from institutional and private investors. Platforms like Linqto offer access to private equity before a public offering, showing strong demand for Ripple among accredited investors.
Despite ongoing legal issues, Ripple maintains significant investor support. The company's strong position in blockchain and fintech is validated by its current valuation and growing investments.
