Financial services firm Ripple has set its sights on a potential future valuation of $1 trillion, according to CEO Brad Garlinghouse. Speaking at the XRP Community Day via the social media platform X, Garlinghouse expressed strong confidence that a cryptocurrency company would eventually reach this milestone, a feat only accomplished by a select group of the world’s largest corporations—such as Nvidia, Apple, and Alphabet, the parent company of Google.
Garlinghouse asserted, “There will be a trillion-dollar crypto company, I don’t doubt that for a second,” suggesting that Ripple has the potential to be that company if it effectively collaborates with the broader XRP ecosystem. He hinted that it is possible more than one company could achieve this status in the future.
In November, Ripple successfully raised $500 million from prominent financial institutions, including Fortress Investment Group and Citadel Securities affiliates, bringing its valuation to an estimated $40 billion. To hit the $1 trillion target, Ripple would need to increase in value by 25 times its current standing.
Addressing concerns about the recent volatility in the cryptocurrency market, where XRP and Bitcoin have experienced declines of 33% and 26%, respectively, Garlinghouse urged viewers to maintain perspective on the long-term growth potential of the industry. He remarked, “We’ve got a long way to go, and I certainly don’t want to gloss over that… These are massive markets, and the opportunity to rewire, accelerate, and make the financial infrastructure more efficient is truly profound.”
Ripple has been expanding its influence within the financial services sector, particularly over the past year, during which it invested heavily in strategic acquisitions. Key purchases included prime brokerage Hidden Road for $1.25 billion and treasury management firm GTreasury for $1 billion. The company also allocated $200 million towards the stablecoin firm Rail and made additional investments in wallet-as-a-service provider Palisade.
Looking ahead, Garlinghouse indicated that Ripple’s focus in the current year would be more on “integration” rather than large acquisitions. While he downplayed expectations for significant new acquisitions in the immediate future, he hinted that the firm might consider becoming “more inquisitive again” in the latter half of the year.
Central to Ripple’s mission is its connection to XRP, the native cryptocurrency created by Ripple’s founders and essential to the XRP Ledger network. Garlinghouse emphasized, “Ripple’s reason for existence is driving success around XRP and the XRP ecosystem.” He affirmed that the company will continue to develop products and services that resonate with customers and drive Ripple’s success while being committed to the overarching goals of the XRP ecosystem.
