Despite ongoing concerns raised by the United States Securities and Exchange Commission (SEC), Ripple Labs Inc remains steadfast in its pursuit of global expansion. The recent announcement of a significant foray into the lucrative Dubai, Middle East, and North Africa (MENA) markets underscores its commitment to becoming a leading blockchain payments firm. Native UAE companies like Sologenic have assumed a pivotal role in providing solutions to the region’s new institutional investors, aligning with Ripple’s global vision and serving as essential partners.
Global Expansion Initiatives
Amidst this expansion and despite uncertain times, Sologenic has continued to build and support the growing XRPL ecosystem. The SOLO Wallet has successfully onboarded over 200,000 users onto the XRP Ledger. Moreover, strategic partnerships with payment ramps like Uphold and BANXA to provide global accessibility to the ledger, and recent listings on prominent exchanges in specific regions such as Bitpanda (Northern Europe), CoinDCX (India), and CoinsPh (The Philipines) underscore the platform’s unwavering commitment to delivering accessible and cutting-edge tokenization solutions. These efforts directly address the surging demand among institutional investors eager to access digital assets.
Dubai Emerges as Hub
As shared by Ripple’s CEO Brad Garlinghouse during the Dubai Fintech Summit, the XRP Ledger (XRPL) now boasts over 4.8 million wallets, with 20% of customers coming from the MENA region. Highlighting the significant interest and demand for Ripple-based solutions in this area.
As Ripple charts its course into the heart of Dubai’s financial sector, Sologenic stands as the one-stop-shop for all things XRP within the ecosystem. Sologenic’s platform connects global financial markets with the world of cryptocurrencies, redefining digital asset trading by allowing fractional share ownership. This approach eliminates barriers posed by traditional ticket sizes, fostering greater flexibility and liquidity for institutional investors. Sologenic has become the go-to solution for institutions seeking to navigate the complex, yet promising, world of XRP-based assets.
In an era where institutional investors seek innovative solutions and seamless integration between traditional and digital assets, Sologenic’s comprehensive platform offers a transformative avenue for growth. As Ripple expands its presence in Dubai and the MENA region, Sologenic stands ready to provide essential support and a bridge to the new era of blockchain-based financial systems. Together, they represent a formidable force shaping the future of finance, offering institutional investors the tools they need to navigate the evolving landscape with confidence and security.
Sologenic’s regulated arm is deploying a platform with a hybrid model for the on-demand tokenization of assets. This platform facilitates trading between crypto and off-chain traditional assets such as stocks & ETFs. This institutional-grade offering is designed for RIA’s, brokerage houses, family offices, banks and other financial institutions looking to tokenize real-world assets for their clients.
Learn more at www.sologenic.com