Ripple — What Does the Company Actually Do. Jake Claver on stablecoin.
The written explainer for this subject lives on jakeclaver.com: what is XRP.
What this recording covers
Claver explains the business function of Ripple and its distinction from the digital asset XRP. He clarifies that XRP is neither an equity share nor a security of Ripple, describing Ripple as an enterprise software company that builds applications on the underlying ledger. Comparing the company to technology firms that built enterprise systems on early internet protocols, Claver states that Ripple creates customized infrastructure, payment systems, and stablecoin solutions for commercial banks, payment providers, and financial institutions. He notes that the firm has operated for thirteen years, developing connections with global financial institutions and central banks. Claver also highlights the movement of personnel between the company, public institutions, and major asset management firms. He references former United States Treasurer Rosie Rios joining the organization and former executive Robbie Mitchnik transitioning to BlackRock as examples of industry alignment.
Where this fits
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