“New product lets companies manage cash, stablecoins and tokenized funds in one system, cutting cross-border settlement times from days to seconds.”, — write: www.coindesk.com
The platform allows corporate finance teams to move money across borders using Ripple’s RLUSD stablecoin, settling payments in three to five seconds instead of the three to five business days typical for bank wires.
Ripple says the system is designed to reduce idle capital and simplify liquidity management for global firms.
Ripple Treasury integrates directly with corporate treasury workflows through APIs, pulling balances and transactions from digital asset platforms into the same dashboards used for cash, debt and short-term investments.
The idea is to let firms treat crypto rails as an extension of their existing banking infrastructure, rather than a separate system managed manually.
Beyond payments, the platform connects users to overnight repo markets and tokenized money-market funds, including BlackRock’s BUIDL. That allows companies to earn yield on excess cash around the clock, instead of parking funds in bank accounts that stop operating outside business hours.
The launch marks Ripple’s first major product release since acquiring Chicago-based GTreasury in October, a deal that brought decades of enterprise treasury experience into the company.
Ripple is also leaning on infrastructure from Hidden Road, the prime brokerage it bought last year, to provide access to short-term funding markets.
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
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The Brazilian digital bank announced it received conditional OCC approval to provide deposit accounts, credit cards, lending and digital asset custody in the United States.
- Nu, Latin America’s largest digital bank, has received conditional approval from the US Office of the Comptroller of the Currency to open a branch in the United States.
- Once fully approved, Nubank plans to offer deposit accounts, credit cards, lending and digital asset custody services under a comprehensive federal banking framework.
- Before launching, Nubank must satisfy OCC conditions, secure approvals from the FDIC and Federal Reserve, fully capitalize the institution within 12 months and open the bank within 18 months.
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