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Garlinghouse noted that RippleNet currently handles a volume rate greater than $10 billion for its clients. Regardless of the battle with the SEC, Ripple was able to enter several partnerships with international banks to provide cross-border payment services, bringing crypto native services to the traditional financial institutions. Even with 2021’s headwinds, it was our best year on record, and Ripple’s financial position ($1B in the bank) is the strongest we’ve ever been,” he quipped. “2022 – ‘slow down’ is not in our vocabulary. Garlinghouse notes that despite tough times the company faced in 2021, Ripple recorded its best year yet financially as it was able to accumulate a $1 billion war chest. He proceeds to outline why Ripple was set to get bigger than it has ever been in 2022. “Excited to announce Ripple bought back our Series C (Dec 2019) shares at a $15B valuation!” Garlinghouse said. Garlinghouse adds that the buyback has raised the valuation of Ripple to $15 billion. In a series of tweets, CEO Brad Garlinghouse announced that the firm completed the buyback of shares it sold to Tetragon Financial Group. Ripple CEO Brad Garlinghouse announces shares buyback with an optimistic outlook However, several interpretations of the implication of the buyback have now emerged in the market. The shares buyback has hiked Ripple’s valuation to over $15 billion. The move closes the long-standing dispute between the two firms that began after the SEC brought a lawsuit against Ripple in 2020, accusing the fintech company of selling unregistered securities in the form of XRP tokens.
![tetragon xrp tetragon xrp](https://i0.wp.com/blockfinest.com/wp-content/uploads/2020/01/ripple-stable.png)
Ripple, the crypto company behind XRP, recently bought back its shares from Tetragon Financial Group.
![tetragon xrp tetragon xrp](https://i0.wp.com/www.fxcryptonews.com/wp-content/uploads/2021/02/ripple.jpg)
Making the announcement, Brad Garlinghouse, CEO of Ripple, says that 2022 will be massive for the company.Ripple buys back $200 million shares and sees its valuation reach $15 billion.