Fintech company Ripple could go public following the completion of litigation with the US Securities and Exchange Commission (SEC), Brad Garlinghouse, the company's CEO, has said during the World Economic Forum in Davos.
According to him:
"We certainly are at a point in scale, where that is a possibility. And we’ll look at that once we’re past this lawsuit with the SEC."
The total annual transaction volume on the RippleNet platform reached a record $15 billion at the end of last year due to the huge popularity of the company’s On-Demand Liquidity (ODL) service.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
According to the company, the Asia-Pacific region has become "one of the largest participants in ODL dollar turnover."
The company's CEO has estimated first-quarter 2022 results at $8 billion and has noted the company continues to grow, mostly outside the United States.
National Australia Bank and Canadian Imperial Bank of Commerce, one of the largest financial institutions in Australia and Canada, started using RippleNet for international payments in March.
The fintech company has recently announced a partnership with Lithuanian international online money transfer provider FINCI.