Ripple's Institutional Pivot Pays Off in Record Revenue Growth

Ripple CEO Brad Garlinghouse says his company's focus on connecting traditional finance with decentralized finance (DeFi) has become one of its core strengths as institutional adoption reshapes the sector.

Garlinghouse attributes the initial skepticism towards Ripple's strategy to purists who believed the entire financial system needed to move fully on-chain, a view he pushes back against by acknowledging that traditional financial infrastructure will continue to matter until the global financial system migrates entirely on-chain.

Ripple is set to more than double its revenue year over year, a result Garlinghouse attributes to the company's institutional and infrastructure-focused business model rather than retail trading activity.