Market Overview

Ripple and R3 Reach Settlement

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Ripple Labs Inc., provider of the leading enterprise blockchain
solutions for payments and XRP II, LLC, release the following statement
today:

R3 HoldCo LLC, R3 LLC, Ripple Labs Inc. and XRP II, LLC announce that
they have reached a settlement of all outstanding litigation between the
parties. The terms of the agreement will remain confidential and both
sides look forward to putting these disputes behind them.

About Ripple

Ripple provides one frictionless experience to send money globally using
the power of blockchain. By joining Ripple's growing, global network,
financial institutions can process their customers' payments anywhere in
the world instantly, reliably and cost-effectively. Banks and payment
providers can use the digital asset XRP to further reduce their costs
and access new markets. With offices in San Francisco, New York, London,
Luxembourg, Mumbai, Singapore and Sydney, Ripple has more than 100
customers around the world.

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