Ripple CEO Brad Garlinghouse believes a cryptocurrency company will reach a $1 trillion valuation and sees his firm as a potential candidate. He stated Ripple’s core purpose remains advancing the XRP ecosystem, despite recent market volatility. Following a $500 million funding round that valued Ripple at $40 billion, the company is focusing on integrating recent major acquisitions rather than pursuing new ones.
Ripple CEO Brad Garlinghouse told XRP enthusiasts he is convinced the crypto industry will produce a trillion-dollar company. “There will be a trillion-dollar crypto company, I don’t doubt that for a second,” he said via social media platform X.
Garlinghouse suggested Ripple could achieve that milestone if it executes well in partnership with the broader XRP ecosystem. The firm was recently valued at $40 billion after raising $500 million from investors including Citadel Securities and Fortress Investment Group.
He acknowledged recent market declines but urged a long-term perspective on crypto’s opportunity to rewire financial infrastructure. Garlinghouse noted Ripple made several significant acquisitions last year to expand its services.
These deals included buying prime brokerage Hidden Road for $1.25 billion and treasury management firm GTreasury for $1 billion. The firm also acquired stablecoin company Rail for $200 million and wallet-as-a-service provider Palisade.
Garlinghouse said Ripple’s current focus is on integrating these new assets rather than making more big acquisitions. He indicated the company might become more acquisitive again in the second half of the year.
The CEO emphasized that XRP remains central to Ripple’s mission, calling it the firm’s “north star.” “Ripple’s reason for existence is driving success around XRP and the XRP ecosystem,” he stated.
XRP reached a new all-time high of $3.56 in 2024 but has since pulled back with the broader market. The token was recently trading around $1.38, down approximately 1.7% over 24 hours.
