At the Dubai Fintech Summit, Ripple CEO Brad Garlinghouse announced that the company is planning to expand beyond liquidity provision and payment services. Garlinghouse stated that Ripple aims to become more than just a cross-border liquidity provider and is looking to expand into other areas of blockchain technology.

The company may pursue organic expansion or mergers and acquisitions to achieve this goal, with a focus on acquiring firms in blockchain and crypto-friendly markets such as Switzerland and the UAE. Ripple has already started its expansion moves, with the recent acquisition of Switzerland-based digital assets custody and tokenization firm, Metaco.