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Ripple

Enterprise blockchain payments and CBDC solutions

Overview

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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About Ripple

Simplify's Rating
Why Ripple is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise SoftwareFintechCrypto & Web3Financial Services

Company Size

1,001-5,000

Company Stage

Debt Financing

Total Funding

$1.1B

Headquarters

San Francisco, California

Founded

2012

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Simplify's Take

What believers are saying

  • Sept. 2026 partnerships with CSD BR and Absa expand Ripple into securities and custody.
  • Ripple's Seoul roadmap targets 2027 XRP credit using lending pools and payments collateral.
  • Brazil's BRL 22 trillion market and BTG Pactual pilot create immediate institutional distribution.

What critics are saying

  • The SEC case ended, but Ripple still owes a $125 million penalty and sales limits.
  • XRPL tokenization stays permissioned, so banks can exit if compliance or privacy breaks.
  • Ripple's business still depends on XRP narratives; weak ETF flows or adoption kill demand.

What makes Ripple unique

  • Sep. 29, 2026: CSD BR chose XRPL for Brazil's first public-ledger securities record mirroring.
  • Ripple Custody now underpins Absa's African bank custody launch and Brazil's permissioned tokenization.
  • XRPL Confidential Transfers pair zero-knowledge proofs with auditor decryptions for regulated finance.

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Funding

Total Funding

$1.1B

Above

Industry Average

Funded Over

10 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison Coming Soon

Benefits

  • 401(k) Plan
  • Healthcare Coverage
  • Health and Wellness
  • Family Support
  • Flexible Vacation
  • Employee Giving
  • Learning and Development

Company News

Yahoo Finance
Oct 16th, 2026
Ripple Prime launches RLUSD-backed swaps across 100+ traditional markets

Ripple Prime has launched perpetual swaps covering more than 100 traditional markets, including equities, exchange-traded funds, metals, energy, and foreign exchange. Announced on October 15, the contracts trade around the clock, including weekends, and institutions can post Ripple's RLUSD stablecoin as collateral. The swaps track perpetual futures listed on Hyperliquid, a decentralised derivatives platform, by Trade.xyz. Ripple Prime acts as the principal counterparty, so clients do not trade directly with Hyperliquid. US market maker Virtu is among the first users. The service runs under Ripple Prime's British Virgin Islands licence, so US investors may face restrictions. It builds on Ripple's $1.25 billion acquisition of Hidden Road. The announcement does not require clients to buy XRP, which traded near $1.34 on October 15.

Yahoo Finance
Oct 16th, 2026
Cross River adds Ripple's RLUSD to core banking, but XRP demand remains unclear

Cross River has added Ripple's RLUSD stablecoin, which runs on the XRP Ledger (XRPL), to its core banking platform. The bank announced the move on October 15. Fintech customers can access RLUSD, ACH, and real-time payments through a single API connection. The service supports round-the-clock transfers between dollars and RLUSD, including cross-border payments and treasury transfers. It is available only in certain states. "Businesses shouldn't have to rely on several different providers to move money across the globe," said Adam Goller, Cross River's head of fintech banking. The deal does not guarantee demand for XRP. RLUSD handles payments, while XRP covers transaction fees and account reserves, so larger stablecoin payments do not require equivalent XRP purchases.

CoinCentral
Oct 16th, 2026
Ripple Prime adds RWA swaps for stocks and crypto traders on Hyperliquid.

Ripple Prime adds RWA swaps for stocks and crypto traders on Hyperliquid. Ripple Prime adds 24/7 RWA swaps for stocks and crypto traders, tied to Hyperliquid perpetuals, with Virtu already trading and RLUSD accepted as collateral. By Trader Edge October 16, 2026 3 Mins Read Tldr. * Ripple Prime has added RWA perpetual swaps for institutional clients, tied to perpetual futures listed by Trade.xyz on Hyperliquid. * The swaps cover more than 100 markets, including equities, ETFs, metals, energy and foreign exchange. * Trading and settlement run 24/7, including weekends. * Clients can use Ripple's RLUSD stablecoin as collateral, and market maker Virtu is already trading the products. * The swaps are offered through Ripple Prime's CIV BVI license, with more regions planned but no timeline given. Ripple Prime, the prime brokerage unit of Ripple, has added real-world asset perpetual swaps for institutional clients. The swaps reference perpetual futures listed by Trade.xyz on Hyperliquid. Ripple announced the product on Thursday. It covers more than 100 reference markets across equities, equity indices, exchange-traded funds, metals, energy and foreign exchange. Trading and settlement run around the clock, including weekends. Ripple said clients can manage exposure to traditional assets outside normal exchange hours. How the swaps work. RWA perpetual swaps are crypto derivative contracts. They let users trade traditional financial assets with leverage and no expiration date. Ripple Prime acts as the principal in the trades. The value of each swap is linked to the Trade.xyz perpetual futures on Hyperliquid. Clients can use Ripple's RLUSD stablecoin as collateral. Ripple said availability may differ by jurisdiction. Ripple Prime also offers cross-margining across asset classes. Clients may need less collateral if some positions reduce the risk of others. Clients can manage trading through one counterparty. They can also see margin requirements and risks across the full portfolio in one place. Market maker Virtu is among the institutional clients already trading the swaps. Scotte Moegling, head of business development for digital assets at Virtu, said the cross-margining helps the firm expand more efficiently. Michael Higgins, Ripple Prime's international CEO, said RWA swaps are where traditional finance and decentralized finance converge. He said institutions want 24/7 access to these assets. Market and company background. Trade.xyz is the largest HIP-3 deployer on Hyperliquid, according to Bloomberg. Open interest in real-world asset perpetual contracts has climbed to $9 billion over the past year. Ripple Prime was formed after Ripple completed its $1.25 billion acquisition of prime broker Hidden Road last year. The platform supports digital assets, foreign exchange, fixed income, derivatives and swaps through one account. Ripple Prime added support for Hyperliquid in February. That gave institutional clients access to the decentralized derivatives venue while managing margin with other positions. The firm also offers swap financing for leveraged ETFs. It recently launched a Delta One business for total return swaps on U.S. stocks, indices and crypto. The new swaps are offered through Ripple Prime's CIV BVI license. Ripple said it plans to offer them in more regions but did not give a timeline or name the next markets. Stop guessing and start investing with confidence. KnockoutStocks gives you the AI insights, market intelligence, and stock research you need to spot opportunities, cut through the noise, and make smarter investment decisions - all in one powerful platform. Simply use coupon code SPECIAL50 at checkout to claim your exclusive discount. Limited Time Offer Get 3 free stock ebooks. Discover top-performing stocks in AI, Crypto, and Technology with expert analysis. * Top 10 AI Stocks - Leading AI companies * Top 10 Crypto Stocks - Blockchain leaders * Top 10 Tech Stocks - Tech giants Futures & Crypto Trader | Sharing charts, strategies, & mindset tips to help you level up | Not Financial Advice Follow on X @Pro_Trader_Edge October 16, 2026

CryptoNews
Oct 15th, 2026
XRP news: DriveWealth RLUSD settlement starting in Europe.

XRP news: DriveWealth RLUSD settlement starting in Europe. Ahmed Barakat Fact Checked by CryptoNews Editorial Team Last updated: 1 hour ago In XRP news today, DriveWealth is reported to be integrating Ripple's RLUSD stablecoin settlement infrastructure on the XRP Ledger into its brokerage platform, starting with planned European settlement and a later expansion to the United States. The companies announced the partnership yesterday. DriveWealth provides brokerage infrastructure for fintechs, digital wallets and financial institutions offering access to U.S. markets. It powers investing experiences for more than 100 partners globally, giving the collaboration a potential distribution channel beyond a single brokerage operation. That network is not evidence of broad RLUSD adoption. The companies have not confirmed which partners will use the integration, whether any are already live, or whether the service will roll out across all of DriveWealth's partners. The operational case is narrower and more concrete: international clients can face bank-transfer windows and cutoff times that restrict when capital reaches investment accounts. Stablecoin funding that converts to cash in near real time could reduce reliance on those transfer schedules. How about settlement, payments and custody? The settlement integration will use RLUSD on the XRP Ledger, alongside Ripple's mint-and-burn capabilities. DriveWealth says clients will be able to fund and manage collateral accounts with stablecoins that convert to cash in near real time, rather than waiting for a bank wire. A separate payments component will integrate Ripple Payments to support cross-border acceptance from DriveWealth's global partners. The intended role is to streamline incoming funds across markets. DriveWealth is also working with Ripple on digital-asset custody in Europe, with expansion to additional markets planned over time. The companies describe treasury and custody infrastructure moving onto Ripple's rails, where clients would have a real-time view of dollars, stablecoins, and crypto and the ability to move between them. Equity financing is less advanced: DriveWealth and Ripple Prime are exploring opportunities through Ripple Prime's Delta One business. That work remains exploratory, unlike the announced integrations for settlement and payments. Jack McDonald, Ripple's SVP of Stablecoins, said: "DriveWealth came to Ripple with a specific challenge around cross-border settlement, but it quickly became clear there was an opportunity to do much more together." Europe comes first on this XRP DriveWealth news. The stated sequence is European settlement followed by a planned U.S. expansion, while custody begins in Europe and may reach additional markets later. Ripple says its regulatory footprint spans more than 85 licenses. DriveWealth CEO Naureen Hassan said: "We've already enabled 24/5 trading; now we need the funding to match, so clients can move with the markets instead of waiting for them." The companies did not give a product launch date, transaction target, or confirmed partner rollout, leaving the first operational milestone to be disclosed. They planned to discuss the partnership at a Ripple Swell fireside chat on Wednesday, October 28, in New York City. Until implementation details emerge, the deal signals a possible expansion of institutional stablecoin settlement for RLUSD and XRPL.

Yahoo Finance
Oct 15th, 2026
Ripple Prime launches 24/7 perpetual swaps on equities, metals and FX, with Virtu onboard

Ripple Prime, the institutional prime brokerage platform run by Ripple, has launched perpetual swaps linked to traditional financial markets. The swaps cover equities, stock indices, exchange-traded funds, metals, energy, and foreign exchange. Trading is already underway, with market maker Virtu among the users. The swaps reference perpetual futures listed by Trade.xyz on Hyperliquid, a decentralised derivatives platform, and Ripple Prime acts as principal counterparty. Unlike conventional markets, the service lets institutions manage positions 24 hours a day, including weekends. Clients can cross-margin positions against other asset classes and post Ripple USD, the company's dollar-pegged stablecoin, as collateral. The service runs under Ripple Prime's British Virgin Islands licence, and Ripple plans to expand to more jurisdictions.

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