XRP Is A Threat To Wall Street’s Stronghold, CEO Warns

According to comments made at the Ripple Swell conference, Canary Capital CEO Steven McClurg said the XRP Ledger is lining up as a set of financial rails that could rival legacy systems on Wall Street. Related Reading: ‘Good News’ Finally Arrives For SHIB Army As Team Unveils New Update He argued the ledger’s payment features make it a practical tool for moving money across borders. His remarks come as several big fund managers update filings for potential XRP exchange-traded funds, and as traders watch for approvals that may arrive as soon as mid-November. XRP Ledger Framed As Payment Rails McClurg drew on his background as an emerging-market bond manager when he pointed to high remittance costs as a clear problem. Workers often pay between 8% and 15% to send money home, he said. Blockchain rails like the XRPL can cut those fees, the CEO added, and that use case is part of why he believes institutional interest will grow. He also repeated a prediction he has made before: that XRP ETFs could see $10 billion in inflows in their first month if they launch with strong backing. I liked the ETF session at Ripple Swell. “Way to think about XRP is to think about the XRP Ledger. It’s financial rails. A competitor to Wall Street” pic.twitter.com/KlAaOQPDpl — Vet

Nov 6, 2025 - 04:10

XRP Is A Threat To Wall Street’s Stronghold, CEO Warns

According to comments made at the Ripple Swell conference, Canary Capital CEO Steven McClurg said the XRP Ledger is lining up as a set of financial rails that could rival legacy systems on Wall Street.

He argued the ledger’s payment features make it a practical tool for moving money across borders. His remarks come as several big fund managers update filings for potential XRP exchange-traded funds, and as traders watch for approvals that may arrive as soon as mid-November.

XRP Ledger Framed As Payment Rails

McClurg drew on his background as an emerging-market bond manager when he pointed to high remittance costs as a clear problem.

Workers often pay between 8% and 15% to send money home, he said. Blockchain rails like the XRPL can cut those fees, the CEO added, and that use case is part of why he believes institutional interest will grow.

He also repeated a prediction he has made before: that XRP ETFs could see $10 billion in inflows in their first month if they launch with strong backing.

I liked the ETF session at Ripple Swell.
“Way to think about XRP is to think about the XRP Ledger. It’s financial rails. A competitor to Wall Street” pic.twitter.com/KlAaOQPDpl
— Vet
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