What Ripple does: Ripple provides enterprise blockchain-enabled financial services that speed up payments and improve cash management. How it works: its platform, built on blockchain and cryptocurrency, enables real-time settlement, liquidity management, working-capital access, and instant payments for financial institutions, enterprises, and governments, including the ability to source crypto assets and manage treasury via a single platform. How it differs: it focuses on scalable, secure CBDC implementations and government partnerships (e.g., Palau) to deliver central-bank-grade digital currencies, alongside proven faster remittances and lower costs from clients like Nium and Tranglo. Its goal: help clients move money faster, more transparently, and at lower cost, while expanding access to digital currencies and CBDCs.
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Company Size
1,001-5,000
Company Stage
Debt Financing
Total Funding
$1.1B
Headquarters
San Francisco, CA
Founded
2012
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Ripple and Accion Opportunity Fund win Bronze Anthem Award for "unlocking Opportunity Together" campaign. Nov 06, 2026, 10:27 ET Campaign sharing small business owners' stories recognized in the Campaign (Non-Profit) - Humanitarian Action & Services category by the 6th Annual Anthem Awards SAN JOSE, Calif., Nov. 6, 2026 /PRNewswire/ - Accion Opportunity Fund (AOF), a leading national nonprofit lender and advocate for underserved small businesses in the United States, and Ripple, the leading provider of blockchain-based enterprise solutions, today announced that "Unlocking Opportunity Together," a campaign sharing the stories of small business owners across the country, has won a Bronze Anthem Award in the Campaign (Non-Profit) category for Humanitarian Action & Services by the 6th Annual Anthem Awards. "Unlocking Opportunity Together" shares, in small business owners' own words, what affordable lending and the Ripple Digital Leap Forward Accelerator have meant for their businesses. The integrated campaign spans a dedicated partnership website, video, social, email, earned media, and live events. It grew out of the AOF and Ripple partnership, which began with the largest donation ever from a fintech to a CDFI: Ripple's $15 million contribution to AOF, made in its RLUSD stablecoin. The partnership supported 1,568 loans, $104.2 million in funding, 3,943 jobs, $208.4 million in economic output, and 67,868 learners engaged. "Before the program, I was just guessing at things," said Shandra Turner, founder of The Bougie Grazer in Atlanta, Georgia. "Now I can look at analytics and I know where to find them, and how to pivot. The accelerator really helped me with that." Other small business owners featured on the campaign website include Sandwich Girl Cafe, TheraMotive, Bencasso, Apollo Office Systems, and Southside Mobile Veterinary Services. "The most powerful way to show what access to capital makes possible is to let small business owners tell it themselves. We're grateful to Ripple and everyone on the team who worked so hard to bring their voices forward," said Elizabeth Ross-Ronchi, Chief Marketing, Product Strategy & Communications Officer at Accion Opportunity Fund. Anthem Winners are selected by the International Academy of Digital Arts and Sciences. The 6th Annual Anthem Awards received more than 2,500 submissions from 43 countries worldwide, the organization's largest competition to date. Judges include Heather Malenshek, SVP & Chief Marketing Officer, Land O'Lakes, Inc.; Jonathan Adashek, SVP, Chief Global Affairs Officer, IBM; Megan Ranney, Dean, Yale School of Public Health; Mariko Silver, President and CEO, Lincoln Center for the Performing Arts; and Gwynne Gauntlett, Global Lead, Digital Giving + Engagement, United Nations Development Programme, among others. Honorees in the Campaign (Nonprofit) category for Humanitarian Action & Services include Doctors Without Borders, Habitat for Humanity International, World Food Program USA, and Petco Love. "The work of social impact doesn't pause when conditions get harder, and this year's Anthem Winners proved it," said Anthem Awards General Manager, Patricia McLoughlin. "Facing new challenges, they kept building, kept organizing, and kept delivering for the people and causes they serve. They set a new standard for good, one defined as much by persistence as by results." AOF and Ripple extend their thanks to the small business owners who shared their stories, the teams across both organizations, and the consultants, agencies, and supporters who helped bring the campaign to life. To learn more about the campaign and the AOF-Ripple partnership, visit aofund.org/partnerships-ripple. About Accion Opportunity Fund As a leading national nonprofit small business lender and Treasury Department-certified Community Development Financial Institution (CDFI), Accion Opportunity Fund provides affordable loans, free business advising, educational resources, and support networks to fuel long-term success. More than a lender, the organization champions underserved small business owners who are ready to grow, thrive, and build a better future. For over 30 years, Accion Opportunity Fund has expanded access to economic opportunity by creating pathways to both financial and knowledge capital. About Ripple Founded in 2012, Ripple is the leading provider of blockchain-based enterprise solutions across traditional and digital finance. Its solutions span global payments, custody, liquidity, and treasury management, serving as a one-stop shop for moving, storing, exchanging, and managing value. Ripple's stablecoin, RLUSD, and the cryptocurrency XRP underpinning these solutions allow Ripple and its customers to shape the modern financial system. About The Anthem Awards Launched in 2021 by The Webby Awards, The Anthem Awards recognizes impactful brands, nonprofits, and individuals that are setting the standard for good worldwide. The Anthem Awards honors work across seven core causes: Belonging & Inclusion; Education, Art & Culture; Health; Human & Civil Rights; Humanitarian Action & Services; Sustainability, Environment & Climate; and Technology. This season's partners and sponsors include NationBuilder, Sustainable Brands, NationSwell, The Bloom, the Social Innovation Summit and The Nonprofit Alliance. The Awards were founded in partnership with the Ad Council, Born This Way Foundation, Feeding America, GLAAD, Mozilla, NAACP, NRDC, WWF, and XQ. About The Webby Awards Hailed as the "Internet's highest honor" by The New York Times, The Webby Awards is the leading international awards organization honoring excellence on the Internet, including Websites and Mobile Sites; Video & Film; Advertising, Media & PR; Apps, Software & Immersive; Social; Podcasts; Games; Creators and AI. Established in 1996, The Webby Awards received over 13,000 entries from all 50 states and over 70 countries worldwide this year. The Webby Awards are presented by the International Academy of Digital Arts and Sciences (IADAS). Sponsors and Partners of The Webby Awards include Adobe, WP Engine, Patreon, ElevenLabs, Framer, Meta, NAACP, KPMG, The Wall Street Journal, Deadline, The Hollywood Reporter, SXSW, The Podcast Show, and Authentic. Media Contact SOURCE Accion Opportunity Fund
Ripple's Merrick highlights infrastructure needs at Dubai Fintech Summit. Ripple's Senior Manager for the Middle East and Africa, Reece Merrick, delivered insightful commentary at the Dubai Fintech Summit held on November 2-3, 2026. The summit convened by the Dubai International Financial Centre during the Dubai Future Finance Week focused on scaling digital assets. Corporate adoption takes center stage in Dubai. Merrick revealed on his social media account that he shared a panel with representatives from BlackRock, Standard Chartered, and Robinhood. He noted that the consensus has shifted from questioning whether institutional adoption will happen to exploring the necessary changes in financial infrastructure required to support it. Discover more Blockchain technology explained Daily crypto news Reece Merrick conveyed that the core question now revolves around the infrastructural modifications needed to support institutional adoption, not whether it will occur. In 2026, Ripple expanded its presence in the United Arab Emirates by establishing its Middle Eastern and African regional headquarters at the Dubai International Financial Centre. Known for developing cross-border payment infrastructure and digital asset solutions, Ripple had previously announced a collaboration with the DIFC Innovation Hub in 2024 to accelerate blockchain innovation. Trade Forex Emphasizing round-the-clock financial systems. Merrick emphasized the importance of financial infrastructure that operates 24/7. He argued that the traditional market setup, limited by specific opening hours, falls short in accommodating the needs of next-generation digital asset markets that demand continuous operation for payment and settlement systems. Read Economics "In a 24/7 reality, new markets require systems that operate continuously; limited opening hours will not suffice," stated Merrick. This perspective highlights a period where speed, accessibility, and operational continuity become paramount, especially in tokenization and institutional digital asset transactions. As the market expands, existing financial infrastructure must adapt accordingly. Bridging traditional and decentralized finance. Merrick brought attention to enhancing the bridge between traditional finance (TradFi) and decentralized finance (DeFi). He pointed out that the growth of tokenized markets would necessitate institutional-grade infrastructure, reliable custody solutions, and effective risk management systems. Read Economics Mini glossary: TradFi refers to traditional financial institutions such as banks, brokerage firms, and stock exchanges. DeFi encompasses financial applications operating without intermediaries via smart contracts. He stressed that institutional participation on a large scale would only be possible with robust custody services and auditable risk frameworks. This approach underscores that technological advances are not the sole drivers of growth in digital asset markets; corporate security and compliance standards also play defining roles. Read Economics Discover more Financial news updates Trade Forex Trade Crypto Now
Ripple nears $1B revenue as BNY's $63T custody empire embraces XRP. Ripple approaches $1B in annualized revenue as BNY, the world's largest custodian with $63T in assets, expands XRP custody services. Two data points, separated by decades of institutional inertia, converged this week in a way that would have seemed implausible even three years ago: Ripple is closing in on $1 billion in annualized revenue, and BNY - the Bank of New York Mellon, the world's largest custodian with $63 trillion in assets under custody - is expanding its XRP custody offering. Together, they sketch the outline of something the crypto industry has been promising for years and only sporadically delivering: genuine institutional infrastructure wrapped around a digital asset. The $1 billion revenue threshold matters for reasons that go beyond a round number. It places Ripple in a category of crypto-native companies that can credibly claim enterprise-grade staying power - firms whose revenue base is not a function of token speculation cycles but of recurring, contracted business relationships. For most of Ripple's history, critics pointed to its legal entanglement with the U.S. Securities and Exchange Commission as an existential ceiling on growth. The SEC lawsuit cast a shadow over institutional adoption of XRP, limiting the willingness of regulated entities to touch the asset. That Ripple is approaching nine-figure annualized revenue in spite of that multi-year overhang - and accelerating toward it now that the regulatory cloud has substantially cleared - is a signal worth reading carefully. Why BNY's move is structurally different. Not every custody announcement is equal. When a crypto-native custodian adds a new asset, it is table stakes - an expected feature expansion in a competitive market. When the world's oldest bank and largest custodian, one that holds $63 trillion in assets on behalf of pension funds, sovereign wealth funds, and the largest asset managers on the planet, formally expands into XRP custody, the signal is categorically different. BNY's decision is not a marketing headline. It is an infrastructure commitment, one that ripples - if the pun can be excused - through every client relationship BNY maintains. Custody at this scale is a compliance and operational decision made over months, sometimes years, involving legal teams, risk committees, and regulatory dialogue. BNY adding XRP custody means those internal gates have been cleared. It means the asset has been evaluated against BNY's risk framework and found acceptable. For institutional allocators sitting on the fence about XRP exposure, BNY's imprimatur carries a different weight than a crypto exchange announcing support. It is the difference between a boutique installing a new display case and the Louvre opening a new wing. The demand question. The more consequential question raised by these two developments together is what they mean for XRP token demand. Ripple's revenue growth suggests that its payment and liquidity products - particularly those built around On-Demand Liquidity, which uses XRP as a bridge currency in cross-border transactions - are gaining real commercial traction. Revenue at scale implies transaction volume at scale, which implies genuine programmatic demand for XRP as a functional asset rather than a speculative one. BNY's custody expansion adds a different demand vector. Institutional custody infrastructure is typically built ahead of client demand, not in response to it. Custodians build the rails before the trains run. The fact that BNY is investing in XRP custody infrastructure suggests its client base is either already asking for XRP exposure or is expected to do so in the near term. Either reading is constructive for the asset's long-term demand profile - not in the volatile, sentiment-driven way that tends to dominate crypto discourse, but in the slower, stickier way that comes from allocators building positions into portfolios with multi-year horizons. Infrastructure first, price second. There is a tendency in crypto coverage to immediately translate any institutional development into a price prediction. That framing tends to miss the more durable story. What is happening with Ripple and BNY is fundamentally an infrastructure story. The plumbing is being laid - custody rails, compliance frameworks, liquidity products - and the significance of that plumbing is independent of where XRP trades on any given day. Institutional infrastructure, once built, tends to persist. Custodians do not rapidly exit asset classes after making the operational investment to support them. Payment corridors, once opened, develop client dependencies that are difficult to unwind. Ripple approaching $1 billion in annualized revenue while BNY's $63 trillion custody empire extends its reach to XRP is not a story about a single token's price trajectory. It is a story about the slow, unglamorous, and ultimately decisive process by which a digital asset earns its place in the institutional financial system. That process is grinding forward, and the milestones this week suggest it is further along than the market may yet appreciate. James morrison. Cryptocurrency regulation correspondent. Covers SEC enforcement, MiCA implementation, and global crypto policy. § Comments Open discussion no account needed
Ripple chief executive officer Brad Garlinghouse says the company will never give up on XRP. Speaking at Swell 2026 in New York, he rejected rumours that Ripple now favours its RLUSD stablecoin. "We will never give up on XRP," he told the audience. He called RLUSD "one contributor" to XRP's momentum and said the two are "very complementary." Ripple says it is on track to exit 2026 with $900 million in annualised product revenue. RLUSD's market cap stands at $2.6 billion, up more than 88% this year. Ripple also won final approval from the Office of the Comptroller of the Currency for Ripple National Trust Bank. US Treasury Secretary Scott Bessent also appeared at the event.
BNY will offer custody for XRP, the token of payments firm Ripple, as part of a deeper partnership. The deal also covers custody for Ripple's stablecoin, Ripple USD (RLUSD), and tokenized trade finance on the XRP Ledger, with C2FO bringing trade finance to the ledger. BNY holds none of the token itself and has disclosed no XRP revenue or custody balance. It reported $63.4 trillion in assets under custody and administration as of September 30, 2026. A 0.1% shift of that sum into XRP would be $63.4 billion, or 75.7% of XRP's $83.8 billion market value. BNY has made no such commitment. Invoices are more likely to settle in RLUSD than XRP. XRP traded at $1.32 on October 27, 2026.
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Industries
Company Size
1,001-5,000
Company Stage
Debt Financing
Total Funding
$1.1B
Headquarters
San Francisco, CA
Founded
2012
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs