Why did Ripple Labs open an Asia Pacific subsidiary in Sydney?

Company-reported Published October 7, 2026 1 min read

Ripple Labs announced the appointment of Dilip Rao as Managing Director of its new Asia Pacific subsidiary, based in Sydney, established in response to growing regional demand for Ripple’s real-time settlement protocol, with a mandate covering Australia, New Zealand, Japan, China, Southeast Asia and the Middle East.

The full answer

What did Ripple state?

On April 6, 2015, Ripple stated the following. Ripple Labs announced the appointment of Dilip Rao as Managing Director of its new Asia Pacific subsidiary, based in Sydney, established in response to growing regional demand for Ripple’s real-time settlement protocol, with a mandate covering Australia, New Zealand, Japan, China, Southeast Asia and the Middle East. [1]

The source’s own words: “Ripple Labs today announced that it has appointed Dilip Rao as Managing Director of its new Ripple Labs Asia Pacific subsidiary.” [1]

Where does this fit on the site?

For the wider picture, see What is Ripple Prime, and how big is it? and How has Ripple Prime been funded, and does that money go into XRP?. Two related questions are What is Ripple Custody, and which banks use it? and What is Ripple Payments and how big is it?

What we know

Ripple Labs announced the appointment of Dilip Rao as Managing Director of its new Asia Pacific subsidiary, based in Sydney, established in response to growing regional demand for Ripple’s real-time settlement protocol, with a mandate covering Australia, New Zealand, Japan, China, Southeast Asia and the Middle East (Ripple, April 6, 2015).

In plain English

Sources

Ripple press release (Marketwired) — Ripple, 2015-04-06 Primary

Update log

October 7, 2026 — Published.

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