Novogratz Reverses Course on XRP After Praising Ripple's Institutional Presence

Mike Novogratz, founder of Galaxy Digital, has made an unexpected shift in his stance on XRP. He recently acknowledged Ripple's institutional presence and the resilience of the XRP community.

Novogratz cited Ripple's continued institutional presence and the staying power of the 'XRP Army' as reasons for his change of heart. He praised Brad Garlinghouse and his team, saying 'Hats off to them.'

This reversal comes after years of skepticism from Novogratz towards XRP. The comments are seen as a notable shift in tone from a long-time crypto industry figure.

Additionally, Ondo Finance is planning to bring its tokenized U.S. Treasury product, OUSG, to the XRP Ledger. This integration could potentially support real-world assets in decentralized finance through staking and additional yield mechanisms.