TLDR
Ripple projects a $900 million annualized product revenue run rate by the end of 2026.
Customers and partners using multiple Ripple products have tripled during the year.
Ripple expects its payments network to approach $150 billion in cumulative transaction volume.
The RLUSD stablecoin has reached a market capitalization of $2.6 billion.
Aviva Investors launched a tokenized sterling liquidity fund share class on the XRP Ledger.
Ripple secured final OCC approval to establish a federally supervised national trust bank.
Ripple expects to end 2026 with a $900 million annualized product revenue run rate, the company said Wednesday. Its forecast covers payments, custody, stablecoins, prime brokerage, and treasury services.
Ripple Payments and RLUSD Growth Figures
The firm said customers and partners using several Ripple products have tripled this year. Its payments network could approach $150 billion in lifetime transaction volume by December.
RLUSD, Ripple’s dollar-backed stablecoin, has reached a $2.6 billion market value, the company said. The forecast reflects an annualized pace, not booked revenue. “Settlement is moving to real-time, 24/7,” CEO Brad Garlinghouse said.
Tokenized Funds Expand on XRP Ledger
Aviva Investors launched a tokenized share class of its £22 billion sterling liquidity fund on Monday. It invested £50 million, about $66.7 million, in the XRP Ledger-based class.
The new offering follows Aviva’s earlier tokenized dollar liquidity fund. Tokenized shares use blockchain records to represent ownership of an existing investment fund.
Hedge fund Brevan Howard also expanded its agreement with Ripple. Its funds can now access prime brokerage, clearing and financing services through the company’s institutional trading business.
Ripple Secures Banking Approval and BNY Deal
On Tuesday, BNY expanded its Ripple partnership to provide institutional custody for XRP and RLUSD. Both firms will explore tokenized trade finance on the XRP Ledger.
BNY already holds reserves backing RLUSD. Eligible clients can now store and transfer both digital assets through the bank’s custody platform. Neither company announced a start date for the proposed trade finance services.
Ripple received final approval from the Office of the Comptroller of the Currency on Monday to establish a national trust bank. The bank will support stablecoin reserves and institutional custody under federal supervision.
Trading Services Grow as XRP Struggles
Ripple Prime recently added swaps tied to more than 100 markets. They cover equities, commodities, foreign exchange and indexes. These products allow trading and settlement around the clock, while institutions can use RLUSD as collateral.
A separate deal with Robinhood brings RLUSD to Robinhood Chain and Bitstamp. Robinhood plans to add the stablecoin to its main app this year and use Ripple’s treasury and financing services.
XRP remains down nearly 30% this year despite an August rebound. Its market capitalization stands near $83 billion. Spot XRP funds held around $1.5 billion in assets on October 26, while their trading volumes lagged Bitcoin, Ether and Solana funds.
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