Ripple’s XRP: From Legal Uncertainty to Mainstream Finance
For years, Ripple’s XRP operated under a cloud of legal uncertainty because of the Securities and Exchange Commission (SEC) lawsuit against Ripple. That uncertainty kept institutional players on the sidelines, wary of regulatory backlash and unsure if XRP could handle large-scale adoption and market volatility. Back then, the tools and infrastructure needed for mainstream integration, like Nasdaq’s crypto indexes, XRP futures Exchange Traded Funds (ETFs), and corporate treasury solutions, either didn’t exist or weren’t fully mature.
But things are different now. According to XRP community member NotFinancialAdvice.Crypto, since releasing his track “When It Finally Happens,” XRP has gone from having virtually no formal ties to the Nasdaq ecosystem to now boasting eight distinct forms of exposure, from indexes to corporate treasury programs.
From Zero to Hero
In the X post, NotFinancialAdvice pointed to a series of Nasdaq-linked developments that have taken XRP further into mainstream finance over just the past few months. Things really kicked off on May 23, a month after he released his song, when Volatility Shares launched two XRP-focused futures ETFs, XRPI and XRPT, on Nasdaq. As reported, the XRPI ETF allocates at least 80% of its assets to XRP futures, alongside other XRP-linked exchange-traded products, giving regulated exposure to XRP’s price performance.
Institutional activity quickly gained pace. On May 28, ZK International (NASDAQ: ZKIN) issued XRP-linked warrants, offering institutional traders structured financial products tied directly to XRP. Just a few days later, on June 3, VivoPower International (NASDAQ: VVPR) raised $121 million and committed $100 million of those funds into XRP through the Flare network, an investment strategy designed to integrate blockchain-based treasury operations while supporting the XRPL DeFi ecosystem, reducing corporate debt, and funding general operations.
Momentum continued when Webus International (NASDAQ: WETO) announced a $300 million XRP treasury mandate plus an additional $100 million equity line on June 5, signaling strong corporate confidence in XRP as a financial asset. Then, on June 12, XRP itself was officially added to the Nasdaq Crypto US Settlement Price Index, a significant benchmark that places XRP alongside other top-tier digital assets trusted by institutional investors for settlement and pricing.
That same day, Trident Digital Tech Holdings (NASDAQ: TDTH) revealed plans for a $500 million corporate XRP treasury, funded through equity issuance, structured finance, and private placement, and even outlined plans to introduce staking protocols to earn yield on its XRP reserves. This series continued on June 18 when Nature’s Miracle Holding (NASDAQ: NMHI) secured SEC approval for its $20 million XRP treasury program. Finally, on June 20, Worksport joined the trend by purchasing XRP as part of its broader crypto treasury diversification strategy.
With these bullish headlines, XRP’s price has remained muted. At the time of writing, XRP was trading at $3.09, down 0.42% in the past 24 hours and 10.09% over the past week, as the overall market mood shifted from bullish to neutral.