Ripple

Ripple is valued at approximately $11 billion, operating the RippleNet payment network and XRP Ledger used by 300+ financial institutions for cross-border payments in 55+ countries. Founded in 2012 by Chris Larsen and Jed McCaleb, Ripple spent 4 years in an existential SEC lawsuit before winning a landmark partial ruling in 2023 establishing that XRP token sales on exchanges did not constitute unregistered securities offerings. Its On-Demand Liquidity product reduces the need for pre-funded nostro accounts, saving banks up to 60% on international transfer costs.