Nasdaq's Recognition of Ripple's Acquisition Raises Speculation about Potential IPO

Blockchain payments firm Ripple Labs Inc has acquired Swiss-based institutional asset custody, trading, and DeFi-focused company Metaco for $250m, a move that has caught the attention of Nasdaq Global Select Market. Nasdaq's congratulations to Ripple on the acquisition have led to speculation about Ripple's potential IPO.

Before considering an IPO in the US, Ripple must resolve its ongoing securities lawsuit with the SEC, which is crucial for regulatory clarity and attracting investors through a public listing. Nasdaq's recognition adds credibility to Ripple's growth prospects and could attract more attention from investors.

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