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Ripple – Milestones
Key milestones and important events in Ripple's history.
Showing 16 milestones for Ripple
GTreasury acquisition
Ripple announced acquisition of GTreasury to integrate crypto payments with corporate treasury workflows.
UAE expansion — Zand Bank & Mamo
Two UAE firms (Zand Bank and Mamo) adopted Ripple Payments following Ripple's DFSA license activity.
Ripple donation to U.S. education organizations
Ripple announced a $25 million donation to DonorsChoose and Teach For America, primarily in RLUSD.
Hidden Road acquisition announced
Ripple agreed to acquire prime brokerage Hidden Road for $1.25 billion.
RLUSD launched
Ripple launched its stablecoin RLUSD (announced/live on exchanges Dec 17, 2024).
Executive account breach reported
A breach of Chris Larsen's personal XRP accounts was reported; ~213 million XRP were reported stolen and exchanges froze related funds.
SEC dismissed claims against Ripple executives
The U.S. SEC dismissed aiding-and-abetting claims against executives Chris Larsen and Brad Garlinghouse in the Ripple case.
Metaco acquisition
Ripple acquired crypto custody firm Metaco for $250 million.
XRP Ledger Foundation established
The XRPL Foundation was established and funded (including from Ripple) to support development and adoption of the XRPL.
Bank partnerships and consortium expansion
Ripple signed multiple banks including Axis Bank, Yes Bank, Akbank, BBVA and a 47-bank consortium from Japan joined the network.
Santander adopts Ripple
Santander became the first UK bank to use Ripple for cross-border payments.
Ripple Labs rebranded to Ripple
Ripple Labs rebranded to Ripple.
Rebranded to Ripple Labs
OpenCoin rebranded to Ripple Labs.
OpenCoin founded
OpenCoin Inc. was founded (team led by Jed McCaleb, David Schwartz, Arthur Britto) — later became Ripple.
Ripplepay launched
Ripplepay.com launched, an early payments system that informed later Ripple development.
Ripple Project founded
Ripple Project (Ripplepay.com) was founded by Ryan Fugger — precursor to the XRP Ledger.