This partnership marks the first collaboration between SBI Ripple Asia and an XRPL-native protocol, signaling a new chapter for institutional-grade finance on the XRP Ledger. Through this alignment, both parties aim to accelerate the adoption of transparent, compliant, and yield-generating products built on the XRPL.
The release arrives at a time when global derivatives volumes continue to concentrate around a handful of exchanges and long-standing debates around market structure, security practices, and transparency persist.
Bitget’s total reserves rose to $7.83 billion, while Bitcoin holdings increased by 6%, from 28.6K BTC to 30.3K BTC, bucking the industry-wide decline in centralized exchange reserves.
The raise, structured through equity and token warrants, marks Lighter’s second major funding milestone after a $21 million round in 2024, bringing its total funding to nearly $90 million.
The launch marks a milestone in Pi Squared’s pursuit of an infinitely scalable decentralized payment network capable of processing transactions faster than any existing blockchain.
