"Ripple's Global Expansion: Attracting Institutional Investors in Dubai"

Despite ongoing legal challenges with the SEC, Ripple's global reach continues to expand, with a particular focus on Dubai and the broader MENA region. In a recent announcement, UAE-based firm Sologenic shared insights from its latest report, shedding light on Ripple's efforts to engage institutional investors in Dubai. With pride, Sologenic reported the onboarding of over 200,000 customers onto the XRP Ledger, expressing its enthusiasm in contributing to Ripple's mission.

Earlier this year, in May, Ripple established a new office within the Dubai International Financial Centre (DIFC), underlining its commitment to the region. During the Dubai Fintech Summit, Ripple's CEO, Brad Garlinghouse, revealed that the XRP Ledger (XRPL) now boasts more than 4.8 million wallets, with a notable 20% of clients hailing from the MENA region.

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