Ripple Joins Elite Trade Association ISDA

Aug 5, 2023

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Ripple joining ISDA is an important milestone for the entire crypto industry.

Crypto and TradFi

Ripple Labs, a prominent blockchain company based in San Francisco, has achieved a significant milestone International Swaps and Derivatives Association (ISDA). This trade organization brings together key players from the derivatives and swaps markets globally, including financial giants like JP Morgan and Goldman Sachs. This move signals Ripple’s strategic foray into derivatives and further integration of blockchain technology in traditional finance (TradFi).

Ripple’s Membership in ISDA: A Landmark Achievement

Ripple’s inclusion in ISDA is a noteworthy accomplishment for the cryptocurrency market. ISDA’s membership includes various entities integral to the derivatives markets infrastructure, such as technological solutions providers and exchanges. This achievement elevates Ripple’s position in the financial community and fosters potential collaborations with other esteemed members.

👀 has joined ISDA. 💯FOCUS: DERIVATIVES.
Officers from BlockRock, Société Générale et al, directors J.P. Morgan, CME Group, Citi, Goldman Sachs, BNY Mellon, London Stock Exchange, BofA, Intercontinental Exchange et al. 1000+ Institutions are members / 79 countries.…

— 🌸Crypto Eri 🪝Carpe Diem (@sentosumosaba)

What ISDA Represents

The International Swaps and Derivatives Association is a key player in the financial world. It standardizes contracts, clarifies legal aspects, and guides participants through the complexities of evolving markets. With a presence in 79 countries, ISDA holds substantial influence over derivatives tied to underlying assets.

The Impact of Ripple’s Membership

Ripple’s membership in ISDA comes on the heels of a favorable legal ruling related to XRP tokens. This development may pave the way for increased acceptance of cryptocurrencies in mainstream finance. Moreover, it enhances Ripple’s potential to shape the future of digital transactions globally, building upon existing relationships with financial institutions, businesses, and governments.

Ripple’s Global Footprint

By joining ISDA, Ripple becomes part of an elite group of over 1000 member institutions across 79 countries. This signifies the company’s growing influence in the global financial market. The move aligns with Ripple’s aspirations to expand its presence in the financial sector and enhance collaboration opportunities with other ISDA members.

Future Prospects for Ripple and the Crypto Market

Ripple’s entry into ISDA poses important questions for the future. Will this membership lead to increased collaboration with other trade organization members? Can it foster wider acceptance of digital assets in the financial market? The answers to these questions will be closely monitored by market participants and observers in the coming months.

After nearly 3 years, the Court’s July 13 decision delivered a landmark win for Ripple and the entire U.S. crypto industry: XRP is not a security.

Progress is worth fighting for.

— Ripple (@Ripple)

Conclusion

Ripple Labs’ membership in ISDA is a momentous event, symbolizing the evolving landscape of the global financial market. By associating with traditional financial powerhouses, Ripple not only gains recognition in the financial community but also contributes to the broader acceptance of digital assets. As the company’s influence grows and the crypto market continues to evolve, Ripple’s journey within ISDA will be closely followed by industry players and enthusiasts alike.

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