RIPPLE MARKETS APAC PTE. LTD. v I-REMIT, INC. & 2 Ors
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Key facts
| Court | High Court (General Division) |
|---|---|
| Decided | |
| Judge | Kristy Tan |
| Charges / claim | Contract, Civil Procedure |
| Counsel | Allen & Gledhill LLP, Rev Law LLC, WongPartnership LLP, Afzal Ali, Caleb Lim, Cindy Chua, Gan Jhia Huei, Joel Quek, Liew Yik Wee, Matthew Soo, Wong Pei Ting, Zhang Yizhen |
Source: [2026] SGHC 149, High Court (General Division), decided — eLitigation. Updated .
Catchwords
Practice Areas
Judges (1)
Counsel (12)
Parties (4)
Case Significance
Ripple Markets APAC Pte Ltd v I-Remit, Inc and others [2026] SGHC 149 was decided by Kristy Tan J in the General Division of the High Court on 16 July 2026, after a hearing on 9 July 2026. The claimant sued over an invoice dated 14 November 2022 for US$16m, issued under a Master XRP Commitment to Sell Agreement, which remained unpaid. An AR had granted summary judgment on three claims against I-Remit, Inc. On appeal, the issues concerned contract breach, contractual terms and summary judgment, as well as the Tius' standing to appeal. The court dismissed the appeal on the Invoice Claim and Incurrence of Indebtedness Claim, allowed it on the Non-provision of Financial Information Claim, and wholly dismissed RA 101.
[2026] SGHC 149 explained
RIPPLE MARKETS APAC PTE. LTD. v I-REMIT, INC. & 2 Ors ([2026] SGHC 149) is a Singapore judgment decided by the High Court (General Division) on 16 July 2026. It is categorised under Contract and Civil Procedure. It is a recent decision; within this corpus no later judgment has cited it yet. This page summarises what the reported decision covers and links the primary sources — the full judgment, the statutes it cites, and the other cases it engages with — so the decision can be read in context. It is reference information, not legal advice, and it does not state the outcome or any holding beyond what the official judgment records.
What is [2026] SGHC 149 about?
RIPPLE MARKETS APAC PTE. LTD. v I-REMIT, INC. & 2 Ors ([2026] SGHC 149) is a High Court (General Division) decision from 2026. Its published catchwords are “Contract — Breach”, “Contract — Contractual terms”, and “Civil Procedure — Summary judgment”, which indicate the subject matter the judgment addresses. The full reasoning and orders are in the judgment itself, linked below.
Which legislation does [2026] SGHC 149 consider?
The judgment refers to Companies Act (Cap 50). The statutes cited are listed in full on this page, each linking to its primary text.
Summary
The General Division of the High Court heard appeals (RA 100 and RA 101) against an AR's grant of summary judgment to Ripple Markets APAC Pte Ltd in its claims against I-Remit, Inc and the Tius, arising from an unpaid US$16m invoice under a Master XRP Commitment to Sell Agreement. The court dismissed I-Remit's appeal on the Invoice Claim and the Incurrence of Indebtedness Claim, allowed it on the Non-provision of Financial Information Claim, and wholly dismissed the Tius' appeal. Costs of S$18,000 and S$10,000 were ordered.
What was Ripple Markets APAC Pte Ltd v I-Remit, Inc [2026] SGHC 149 about?
It concerned appeals against summary judgment granted on claims arising from an unpaid US$16m invoice under a Master XRP Commitment to Sell Agreement between the claimant's predecessor and I-Remit, Inc, with separate claims against the Tius.
What did the High Court decide in [2026] SGHC 149?
Kristy Tan J dismissed I-Remit's appeal on the Invoice Claim and Incurrence of Indebtedness Claim, allowed it on the Non-provision of Financial Information Claim, wholly dismissed the Tius' appeal, and fixed costs of S$18,000 for RA 100 and S$10,000 for RA 101.
Statutes Cited
Cases Cited (5)
Related cases
Other Singapore judgments involving the same parties or counsel.
Judgment
Read the full judgment on the official Singapore Courts portal.
Read on eLitigationSource: eLitigation ([2026] SGHC 149)