Ripple has spent roughly $4 billion on acquisitions as it pivots deeper into institutional finance, with CEO Brad Garlinghouse saying he’s “incredibly excited” about making the company core infrastructure between traditional markets and digital assets. The move targets expanded custody, settlement and liquidity services for banks and payment providers.
CME Group CEO says the exchange is exploring a native “CME Coin” as part of a broader push into tokenized collateral. The firm is also working with Google on a tokenized cash solution expected to launch later this year.
Custody giant State Street is launching tokenized deposits and stablecoins to expand its digital asset offering. The move aims to speed settlements, deepen institutional liquidity, and push further mainstream adoption of crypto infrastructure.