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<ul> 
 <li><strong>Singapore-based fintech firm Nium Pte, valued at $2 billion and backed by Singapore's GIC and Temasek, is firming up plans for an IPO in the United States within two years.</strong></li> 
 <li><strong>Nium aims to break even before its initial public offering (IPO) and is focused on being fully prepared over the next year and a half.</strong></li> 
</ul>  Singapore-based fintech company Nium Pte, a valued partner of Ripple, has announced its intention to go public in the United States. Backed by Singapore's GIC and Temasek, Nium is a fintech startup that is firming up plans for an initial public offering (IPO) in the US within two years, as reported by Bloomberg. https://twitter.com/business/status/1676038081298812931 With a valuation of $2 billion, Nium is gearing up for a momentous move as it prepares for its IPO. The company aims to break even before going public, emphasizing the importance of thorough preparation over the next year and a half. Nium, formerly known as InstaReM, operates a robust platform that enables businesses to send, spend, and receive <a href="https://www.crypto-news-flash.com/binance-unleashes-nft-power-introducing-binance-nft-loan-empowering-users-with-quick-funds-while-keeping-nfts-intact/">funds</a> globally. In 2020, Nium entered into a partnership with Ripple, a prominent San Francisco-based blockchain company. The collaboration aimed to facilitate instant, low-cost international transactions using <a href="https://www.crypto-news-flash.com/ripples-impactful-csr-pioneering-collaborations-and-innovations-for-social-and-environmental-progress/">Ripple's technology</a>. However, Ripple's own plans to go public have been overshadowed by an ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). Ripple CEO Brad Garlinghouse has expressed the company's intent to pursue an IPO once the legal uncertainties with the SEC are resolved. Despite Garlinghouse's prediction of a potential resolution in the first half of 2023, as of early July, no final ruling has been made. The legal battle has been ongoing for nearly three years, casting a cloud over Ripple's IPO aspirations. Nium's decision to go public in the U.S. carries significant implications for the adoption and development of Ripple's On-Demand Liquidity (ODL) solution and its associated digital asset, XRP. By becoming a publicly traded company, Nium can potentially attract more institutional investors and broaden its global reach, ultimately leading to increased usage of ODL and XRP. The success of Nium's IPO and its subsequent operations may serve as a positive catalyst for the wider adoption of <a href="https://www.crypto-news-flash.com/ripple-and-stellar-shine-as-crunchfish-ceo-reveals-collaboration-with-central-banks-spotlight-on-offline-payments-solutions-bis-partnership-adds-to-the-momentum/">blockchain-based solutions</a> within the financial industry. As Nium prepares for its IPO, it remains committed to enhancing its platform and services to meet the evolving needs of businesses worldwide. The company's backing from Singapore's GIC and Temasek, along with its rapid expansion through acquisitions, positions Nium for further growth opportunities in markets like Latin America, Africa, and the Middle East. Nium's goal is to break even within the next 12 months and achieve profitability before going public. The upcoming IPO represents a pivotal moment for both Nium and Ripple, generating anticipation for the future of ODL and XRP adoption and development. As the legal fog surrounding Ripple clears and Nium strengthens its position as a public company, the blockchain ecosystem may witness significant advancements in cross-border payments and <a href="https://www.crypto-news-flash.com/why-businesses-are-embracing-cryptocurrency-for-online-transactions/">financial transactions</a>.

Billion Dollar Ripple Partner to Go Public in US – Will It Foster ODL and XRP Adoption and Development? Details

Crypto News Flash

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