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Ripple joins industry giants BlackRock and JPMorgan at the trade association ISDA, signaling a strategic move into derivatives and blockchain integration in TradFi.<\/span><\/strong><\/p>\n The San Francisco-based blockchain company, Ripple, has joined the prestigious trade organization, International Swaps and Derivatives Association (ISDA).\u00a0<\/span><\/p>\n Well-known XRP influencer Crypto Eri took to Twitter to announce the development, highlighting the significance of Ripple\u2019s alignment with ISDA. <\/span><\/p>\n \ud83d\udc40@Ripple has joined ISDA. \ud83d\udcafFOCUS: DERIVATIVES. \u2014 \ud83c\udf38Crypto Eri \ud83e\ude9dCarpe Diem (@sentosumosaba) August 4, 2023<\/p>\n<\/blockquote>\n The alliance signals Ripple\u2019s strategic foray into the realm of\u00a0<\/span>derivatives<\/span>\u00a0and its intent further to integrate its blockchain technology into traditional financial markets.<\/span><\/p>\n Crypto Eri highlighted that ISDA boasts a membership roster of global financial elites. It includes officers from financial powerhouses such as BlackRock, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale, J.P. Morgan, CME Group, Citigroup (Citi), Goldman Sachs, and other major institutions.<\/span><\/p>\n She tagged Ripple\u2019s Public Policy Officer, Rahul Advani, noting that he is the contact person for the firm in this regard.<\/span><\/p>\n Notably, Ripple joins ISDA as an Associate Member. According to\u00a0<\/span>ISDA<\/span>, this membership comprises entities integral to the derivatives markets infrastructure, such as technological solutions providers, exchanges, and clearing establishments.<\/span><\/p>\n For context, derivatives are\u00a0<\/span>financial instruments<\/span>\u00a0that derive value from an underlying asset, such as cryptocurrency. They are used to hedge risk, speculate on price movements, or obtain leverage.<\/span><\/p>\n Other crypto-focused entities with ISDA associate membership include the proof-of-stake blockchain protocol,\u00a0<\/span>Algorand (ALGO),<\/span>\u00a0and the Crypto.com exchange.\u00a0<\/span><\/p>\n The XRP community expressed excitement about the development, which comes after\u00a0<\/span>Ripple secured<\/span>\u00a0a landmark ruling against the US regulator.\u00a0<\/span><\/p>\n ISDA is a financial conductor, orchestrating agreements in the derivatives and swaps markets. It standardizes contracts, clarifies legal aspects, and guides participants through evolving market rhythms.\u00a0<\/span><\/p>\n The trade organization is headquartered in New York City with an international presence spanning 79 countries. It wields substantial influence over the derivatives market, encompassing various financial instruments tied to underlying assets.<\/span><\/p>\n Follow Us<\/strong> on Twitter and Facebook.<\/span><\/p>\n Disclaimer<\/strong>: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic\u2019s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.<\/p>\n -Advertisement-<\/p>\n<\/div>\n<\/div>\n\n
Officers from BlockRock, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale et al, directors J.P. Morgan, CME Group, Citi, Goldman Sachs, BNY Mellon, London Stock Exchange, BofA, Intercontinental Exchange et al. 1000+ Institutions are members \/ 79 countries.\u2026 pic.twitter.com\/bRMResT7cg<\/p>\nRipple ISDA Membership\u00a0<\/span><\/h2>\n
ISDA<\/span><\/h2>\n