Ripple Labs has confirmed its participation in the UK HM Treasury’s Wholesale Digital Markets taskforce, an initiative comprising 54 firms that aims to develop tokenized versions of traditional financial instruments. The government estimates that wholesale tokenization could contribute up to £33 billion annually to the UK economy by 2035.
Ripple’s role is as a member of the taskforce, not a lead or pilot operator, which grants it a seat at the table where institutional tokenization standards are being shaped. The company cited the £33 billion figure from Treasury documents, emphasizing that onchain funds, bonds, and repurchase agreements are “already happening, delivering onchain financial instruments that are cheaper, better and faster than their legacy equivalents.”
Separately, Ripple executives shared new details about the company’s near-collapse following the SEC lawsuit in December 2020. CEO Brad Garlinghouse disclosed that leadership considered shutting down and distributing XRP holdings to shareholders, while CTO David Schwartz noted external lawyers advised that the business could not be saved. Ripple ultimately spent around $150 million on legal fees during the four-year battle. These disclosures add context to the firm’s current positioning within a major regulatory initiative.
On the price front, XRP is holding above the $1.04–$1.11 support zone. Both the recent rally and pullback formed three-wave structures, which do not yet confirm a bullish trend. Analysts see a sustained hold above support opening a path toward $1.19 and $1.25, while a breakdown would reinforce the broader downtrend. Year-to-date, XRP is up 3.89%, extending a streak of positive annual returns.
