Ripple is a private fintech and blockchain technology company headquartered in San Francisco, California, founded in 2012 by Chris Larsen (now Chairman) and Jed McCaleb. It is led by CEO Brad Garlinghouse and President Monica Long.
Ripple Labs creator and a developer of the Ripple payment protocol and exchange network.
Business & Revenue
Ripple has evolved well beyond its original cross-border payments focus. It now operates a diversified enterprise infrastructure platform including:
- RippleNet and on-demand liquidity for global payments
- Ripple Prime — institutional prime brokerage (revenue tripled after the Hidden Road acquisition)
- Ripple Treasury — one of the company’s fastest-growing segments
- RLUSD — its NYDFS-regulated USD stablecoin, now at ~$1.71B market cap, live in Japan (via SBI Group), Turkey, and expanding multichain via Wormhole to 40+ blockchains
- Multi-asset clearing, custody, and tokenization services
In 2025, Ripple spent over $2.4 billion on acquisitions, including GTreasury (~$1B) and Hidden Road (~$1.25B, processing ~$3T in annual clearing volume). In August 2026, it raised an additional $275M for U.S. prime brokerage. Garlinghouse has said the acquisition pace will slow in 2026.
Garlinghouse publicly committed to a $1 billion revenue run rate by end of 2026, explicitly excluding XRP holdings on the balance sheet — a deliberate framing of Ripple as a services-first fintech, not a token-dependent business.
Regulatory & Geographic Expansion
- Full MiCA CASP license (August 11, 2026) from Luxembourg’s CSSF — enables regulated crypto-asset services across all 30 EEA countries
- RLUSD approved by Japan’s Financial Services Agency (June 2026)
- RLUSD recognized by UAE regulators (Abu Dhabi FSRA, Dubai DFSA)
- UK FCA EMI license and cryptoasset registration
- Regional headquarters opened in Dubai
- Expanded Washington, D.C. presence for U.S. digital asset policy
- Pursuing an Australian Financial Services license
Technology & Roadmap
- XRPL 3.3.0 (August 2026) introduced native privacy via zero-knowledge proofs, atomic batch transactions, and sponsored fees
- fixCleanup3_3_0 amendment expected to activate ~September 11, 2026 (security hardening)
- Native Lending Protocol under community validator voting
- Quantum Readiness Roadmap targeting full quantum resistance by 2028 (four-phase plan)
- Investments in ZILO and Licuido (August 2026) for digital capital markets infrastructure
Partnerships & Ecosystem
As of September 2026, the key institutional partners include Mastercard, JPMorgan, SBI Group, and Convera (processing ~$190B annually). U.S. spot XRP ETFs have logged $1.32B in cumulative inflows, with August 2026 alone bringing $153M — a record month. XRPL daily transactions reached 2.4 million (up 21%), and payment volume surged 521% in August.
“Ripple’s payments, custody and stablecoin solutions empower financial institutions to integrate blockchain and digital assets into their business in a simple, secure, compliant way—all in one place.”
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