Ripple Targets $900M Revenue Run Rate, Expands Institutional Services

iconCrypto Economy
Share
AI summary iconSummary
Ripple aims for a $900 million annualized revenue run rate by 2026, driven by growing institutional adoption. The firm reported tripled customer growth and a payments network nearing $150 billion in volume. Interest rate news has not slowed expansion, as Ripple boosted custody, financing, and tokenized assets. Its stablecoin RLUSD now holds $2.6 billion in market cap.

TL;DR

  • Ripple expects to end 2026 with an annualized revenue run rate of $900 million from its financial products and services.
  • The number of customers and partners using multiple Ripple products tripled during the year. Its payments network is approaching $150 billion in cumulative transaction volume.
  • The company expanded its custody, financing, and tokenized asset operations. RLUSD reached a market capitalization of $2.6 billion.

Rippleexpects to end 2026 with an annualized revenue run rate of $900 million, driven by growth across its payments, custody, stablecoin, prime brokerage, and treasury management businesses.

The company reported that the number of customers and partners using multiple Ripple products tripled during the year. It also expects its payments network to reach nearly $150 billion in cumulative transaction volume by the end of December.

Meanwhile, the RLUSD stablecoin reached a market capitalization of $2.6 billion. The firm is expanding its services for financial institutions operating with digital assets and tokenized products.

Ripple

Ripple Expands Financial Services for Institutional Clients

The company strengthened its presence in traditional financial markets through agreements with banks, asset managers, and investment funds.

Among its most recent developments is Aviva Investors, which launched a tokenized share class of its sterling liquidity fund on the XRP Ledger.

The fund manages approximately £22 billion, and Aviva allocated £50 million, equivalent to around $66.7 million, to the new tokenized share class.

Meanwhile, Brevan Howard expanded its partnership with Ripple to include prime brokerage, clearing, and financing services.

Ripple Prime also introduced swaps referencing more than 100 markets, offering round-the-clock trading and settlement. Institutional clients can use RLUSD as collateral for these transactions.

Ripple CEO Brad Garlinghouse said financial infrastructure is shifting toward systems that support continuous settlement and allow tokenized assets to be used in financing and collateral arrangements.

RLUSD

New Banking Approvals and Agreements With BNY

The company also received final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank.

The approval coincides with the expansion of its partnership with BNY, which includes custody services and the development of tokenized trade finance applications using XRP Ledger.

The two companies are exploring ways to finance approved invoices using blockchain infrastructure to accelerate payments to suppliers.

The firm also expanded its commercial presence through sports sponsorship agreements with the Kansas Jayhawks, Florida Gators, and the University of Louisville, including XRP promotion in U.S. college sports.

Garlinghouse said the company aims to integrate payments, custody, trading, and financing within a single infrastructure, working alongside its institutional partners.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.