Ripple Nears $900M in Annualized Revenue

Ripple expects to close 2026 with about $900M in annualized product revenue, more than 85 licenses, more than 1,700 institutional clients and around $150,000M in cumulative volume on Ripple Payments by year-end.

Ripple posts an exceptional year, reaching an annual product revenue run rate of nearly $900 million, and signs multi-solution partnership agreements with BNY, Robinhood and others.

Kicking off Ripple Swell 2026, Ripple receives final OCC approval for a national trust bank charter.

NEW YORK, October 28, 2026 – Ripple, the leading provider of blockchain solutions for traditional and digital finance, announced today that the company is on track to close 2026 with $900 million in annual product revenue. Combining the growth of its native products with strategic acquisitions in 2025, the company is focused this year on integration, and the results speak for themselves. With more than $16 trillion in transactions enabled through Ripple’s products in 2025, the opportunity to convert this volume to digital rails is historic.

With more than 85 licenses, Ripple has built a comprehensive digital asset infrastructure that gives more than 1,700 institutions, businesses and corporations always-on access to move, manage, hold and tokenize value. This year, Ripple has tripled its number of customers and partners, including BNY , DriveWealth , Robinhood and Water.org, which use multiple solutions together, such as payments, custody, stablecoins, prime brokerage and treasury management.

“As traditional and digital finance converge, market infrastructure is migrating to modern rails. Settlement happens in real time, 24/7, and tokenized assets can be traded, financed and used as collateral,” said Brad Garlinghouse, CEO of Ripple. “Ripple sits at the epicenter of this massive transformation to rewire the global financial system, solving the inefficiencies that have slowed the movement of money for decades with digital assets like XRP. Others focus on individual pieces; Ripple, together with our partners, brings all of these elements together to power the Internet of Value.”

A compliance-first approach to holding and moving value globally.

The foundation of Ripple’s business is enabling blockchain infrastructure to help companies move money between their global accounts more efficiently, 24/7. With more than 60 payment markets and a network that will reach $150 billion in total volume by year-end, Ripple Payments and Custody enables banks and fintechs such as DBS, HSBC, FirstRand Bank and Standard Chartered to move and manage their assets worldwide. This includes accepting and collecting stablecoins, securely storing assets and/or making payouts in their preferred currency through end-to-end platforms with managed custody technology, as well as institutional trading and liquidity capabilities via Ripple OTC.

Ripple USD (RLUSD) remains the benchmark for reserves and regulatory compliance among USD stablecoins, following final approval from the Office of the Comptroller of the Currency (OCC) to charter Ripple National Trust Bank (RNTB), a federally supervised national trust bank. With a market capitalization of $2.6 billion, up more than 88% year-to-date, RLUSD is used across Ripple’s solutions as a regulated, enterprise-grade digital dollar and is trusted as the stablecoin powering on-chain repo markets. RLUSD is already available on the world’s leading crypto exchanges and trading platforms, including Coinbase, Robinhood, Binance, Kraken and OKX, and partnerships with Cross River and Mastercard are expanding its role in payment settlement.

Extending always-on financing to treasury and capital markets.

The growth of 24/7 markets is made possible by uninterrupted access to platforms and asset classes that enable cross-margining. Ripple Prime plays a critical role by providing capital efficiencies across liquidity pools for the underlying assets being traded. As institutions look to trade derivatives such as real-world asset (RWA) perpetual futures and access prediction market platforms, this connective tissue is key to broad adoption and scale. Ripple Prime enables support for event contracts and RWA perpetual futures , through settlement, financing and clearing of transactions across platforms and trading partners, including Jump Trading, Kalshi, Hyperliquid, Virtu and Rothera. Clients now have a prime brokerage platform spanning equities, FX, futures, fixed income and digital assets, with a single point of access, financing and clearing across traditional and digital markets.

Thanks to digital rails enabling instant global settlement, the opportunity to integrate stablecoins and digital asset platforms to optimize corporate treasury flows is growing rapidly. Ripple Treasury unveiled a new platform for the office of the CFO, powered by an orchestration layer connecting cash management, forecasting, liquidity and payments. The launch includes the 24/7 Returns feature, which lets clients invest idle operating cash outside banking hours using RLUSD, tokenized money market funds on the XRP Ledger (XRPL) and Ripple’s institutional liquidity infrastructure. With more than 1,000 clients in 160 countries, Ripple Treasury helps companies such as American Airlines and Trax automate workflows and manage their money around the clock.

Building on the blockchain designed for moving value.

Ripple’s products and solutions deliver a complete enterprise financial infrastructure built on the XRPL, a public blockchain designed for the efficient transfer of value. Ripple, together with the XRP community, continues to expand the XRPL’s capabilities in payments, collateral, liquidity, credit and financing. New features such as permission delegation and batch transactions give institutions greater control over account permissions and privacy.

Building on capital markets use cases with Aviva Investors , Franklin Templeton and DBS , Ripple and BNY are expanding their collaboration to advance tokenized trade finance on the XRPL, starting with a supplier finance initiative with C2FO . Wallet infrastructure is also expanding how businesses and developers use the XRPL; for example, Privy , a Stripe company, supports payments with XRP, RLUSD and other digital assets on the XRPL through programmable wallets, including for AI agents.

Digital asset utility grows with awareness.

As Ripple kicks off its tenth annual Swell event, bringing together more than 1,500 financial institutions, developers, asset managers, regulators and XRP enthusiasts, the company is also launching a global campaign to raise awareness of the utility of digital assets in modernizing global finance, featuring actor, producer and entrepreneur Miles Teller.

Ripple is transforming the global financial system and making the Internet of Value a reality, where value moves the way information does today. Learn more at ripple.com.

Product availability varies by jurisdiction. For more information, please contact your Ripple representative.

About Ripple

Founded in 2012, Ripple is a leading provider of blockchain solutions that are transforming the global financial system. With more than 85 licenses, Ripple offers businesses a single, trusted point of access with payments, custody, prime brokerage and treasury management solutions. Ripple’s stablecoin, RLUSD, and the digital asset XRP underpin these capabilities, enabling Ripple and its customers to bridge the worlds of traditional and digital finance.