Summer 2025
Software Engineer Intern
Custody
Posted on 5/13/2025
Ripple
1,001-5,000 employees
Enterprise blockchain payments and CBDC solutions
Compensation Overview
$42 - $45/hr
San Francisco, CA, USA
Hybrid
Employees have flexibility to decide which 10+ days a month they come in.
 Software Engineering (1) |
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People at Ripple
People at Ripple who can refer or advise you
- Currently pursuing a Bachelors degree in Computer Science or a related field, or possess equivalent experience.
- Strong competency in at least one programming language: JVM based languages such as Java/Scala/Kotlin or Rust preferred.
- Experience building, testing and deploying backend services on public cloud platforms.
- Intellectual curiosity - you love to dig into how things work and understand how to improve and scale them.
- You thrive on autonomy, responsibility and owning your work, end to end.
- A positive attitude and a passion for sharing knowledge within your team and organization.
- Eagerness to work openly and collaboratively with a diverse team.
- Build enterprise, secured, crypto custody solutions for world's largest financial institutions that will be the foundations of tomorrows financial infrastructure.
- Prototype new solutions for complex software problems and implement them for on premise and cloud deployments and use cases.
- Work with teams across the organization, including product, legal, and business development to think beyond the technical implications of your design decisions.
- Continuously raise our standard of engineering excellence by implementing and driving best practices for coding, testing, and deployment.
- Rust preferred.
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.
Company Size
1,001-5,000
Company Stage
Late Stage VC
Total Funding
$792.2M
Headquarters
San Francisco, California
Founded
2012
People at Ripple
People at Ripple who can refer or advise you
Simplify's Take
What believers are saying
- RLUSD reached $1.7 billion market cap by mid-2026, validating enterprise adoption of regulated digital dollars.
- Nuvion integration in July 2026 enables seamless fiat-to-stablecoin cross-border settlement for global businesses.
- XRPL recorded $1.9 billion in 90-day real-world asset inflows, signaling strong institutional demand for tokenized finance.
What critics are saying
- Japan's three megabanks launching a yen/dollar stablecoin by end-2026 directly threatens RLUSD's $1.7B Japan entry.
- XRPL Lending Protocol fails validator approval if off-chain underwriting risks trigger regulatory scrutiny, crippling institutional credit strategy.
- RLUSD faces existential competition from Open USD consortium backed by Visa, Mastercard, and BlackRock, potentially diluting RLUSD's unique value.
What makes Ripple unique
- Ripple offers RLUSD, a NYDFS-regulated stablecoin native to both XRP Ledger and Ethereum.
- Ripple uniquely debates institutional lending via its proposed XRPL Lending Protocol with off-chain underwriting.
- Ripple partners with central banks like Palau to issue secure, scalable Central Bank Digital Currencies.
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Benefits
401(k) Plan
Healthcare Coverage
Health and Wellness
Family Support
Flexible Vacation
Employee Giving
Learning and Development
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -3%2 year growth
↓ -4%Ripple RLUSD beta tests put XRP Ledger stablecoin strategy back in focus. 2026.07.06 19:10 (GMT-7) Ripple is preparing beta tests for RLUSD, its dollar-backed stablecoin planned for both the XRP Ledger and Ethereum, bringing its enterprise payments strategy back into the stablecoin spotlight. For more details, visit the official Ripple platform. Tl;dr. Ripple is preparing RLUSD beta testing on XRP Ledger and Ethereum. The stablecoin is designed to complement Ripple's existing settlement products. The launch could give XRPL a more direct role in regulated dollar liquidity. Ripple has spent years arguing that XRP can serve institutional settlement. RLUSD adds a different piece to that puzzle: a dollar stablecoin that can move through the same enterprise-facing rails while also existing on Ethereum. Why Ripple wants A stablecoin. Stablecoins have become the clearest product-market fit in crypto. They are used for payments, trading collateral, remittances, DeFi liquidity, and dollar access. For Ripple, launching RLUSD gives its customers a familiar unit of account while keeping them inside Ripple's broader network. The key point is that RLUSD is not necessarily a replacement for XRP. Ripple has positioned the stablecoin as complementary. XRP can still be used as a bridge asset, while RLUSD gives institutions a dollar-denominated instrument for settlement and liquidity management. XRPL gets A new test. For the XRP Ledger, RLUSD could be an important utility test. A credible stablecoin can support trading pairs, payments, and DeFi-style activity. But adoption will depend on exchange support, issuer trust, regulatory comfort, and whether institutions actually want Ripple-issued dollar liquidity. The beta stage is therefore worth watching, not overhyping. Ripple is entering a crowded stablecoin market, but it has distribution, enterprise relationships, and a chain that needs more high-quality dollar activity. This report is based on information from Ripple. at Ripple Ethereum vs US Dollar Ripple vs US Dollar
Ripple unveils XRPL Lending Protocol to expand institutional onchain credit. vivian 4 hours ago (Last updated: 4 hours ago) 4 minutes read * Ripple has proposed a new XRPL Lending Protocol that would let institutions issue and manage loans backed by tokenized assets. * The feature is awaiting validator approval before it can launch on the XRP Ledger. Ripple has introduced a new proposal that could expand lending on the XRP Ledger by giving institutions a standardized way to issue and manage loans backed by tokenized assets. The proposed XRPL Lending Protocol is designed to support RWA financing while leaving credit decisions, compliance, and borrower assessments in the hands of financial institutions. If approved by validators, the protocol would strengthen XRPL's growing role in institutional tokenization by adding a dedicated credit layer for on-chain finance. Ripple targets institutional lending on XRPL. The proposed XRPL Lending Protocol aims to solve a key challenge in tokenized finance. While assets such as tokenized U.S. Treasuries, money market funds, commodities, stablecoins, and private credit can already exist onchain, many institutions still lack efficient ways to borrow against them. Ripple's proposal separates loan execution from credit evaluation. Financial institutions would continue to perform due diligence, verify borrowers, assess risk, handle legal agreements, and meet regulatory requirements offchain. Once a loan is approved, XRPL will automate the agreed loan terms. The blockchain would manage: * Loan origination * Interest calculations * Repayment schedules * Loan maturity * Default processing This approach allows institutions to maintain full control over underwriting while using XRPL to streamline loan administration. Validator vote will decide the next step. The proposal depends on approval from XRP Ledger validators before it can become part of the main network. The system is built around two proposed standards. XLS-65 introduces Single Asset Vaults that pool liquidity around one tokenized asset. XLS-66 defines the lending framework that allows loans to be issued using funds from those vaults. Unlike many decentralized lending platforms, the first version does not rely on automated collateral management or liquidation mechanisms. Instead, it focuses on: * Fixed-term loans * Institution-led underwriting * Permissioned participation where required * Offchain risk management * First-loss capital structures that protect senior liquidity providers This proposes better suited for traditional financial institutions looking to enter tokenized credit markets. Ripple builds on XRPL's growing RWA presence. The lending proposal comes as XRPL continues to expand its position in the real-world asset sector. Recently, XRP Ledger recorded approximately $1.9 billion in 90-day RWA inflows, highlighting growing institutional interest in the network for tokenized financial products. Ripple has also continued improving the ledger's infrastructure. A recent upgrade addressed issues involving vaults, lending logic, and related features, helping prepare the network for more advanced institutional applications. These improvements create the foundation needed for larger financial institutions to adopt tokenized lending solutions. New financing options for tokenized assets. Ripple believes the protocol could benefit several types of institutional users. Payment providers could use short-term financing to bridge settlement delays without selling their tokenized holdings. Market makers could access liquidity to finance trading inventories, while corporate treasury teams could earn returns by placing idle assets into professionally managed lending facilities. The proposal also supports Ripple's broader strategy of connecting tokenized assets with traditional financial infrastructure. Earlier this year, Ripple joined Ondo Finance, Mastercard, and Kinexys by J.P. Morgan in a pilot that linked tokenized U.S. Treasury redemptions on XRPL with bank settlement systems. The lending protocol would extend those capabilities by giving institutions a standardized way to access financing using tokenized assets. Developers can already test the protocol on XRPL's devnet while the validator voting process continues. If the proposed amendments receive approval, the XRPL Lending Protocol could become another major building block in Ripple's effort to support institutional finance on blockchain technology. Disclaimer: The information provided in this article is for general informational purposes only. While every effort has been made to ensure accuracy, no guarantees are made regarding the completeness or reliability of the information. Readers should verify facts independently and make their own decisions based on their individual circumstances. Vivian Njoroge is a seasoned crypto and blockchain news writer with a passion for decoding the complexities of the digital financial world. Armed with a keen eye for emerging trends and a knack for simplifying intricate concepts, Vivian brings a unique blend of expertise and enthusiasm to her writing. Her articles, characterized by clarity and depth, aim to keep readers abreast of the ever-evolving landscape of cryptocurrencies and blockchain technology.
XRP Ledger's 'missing layer' draws closer as developers test lending, credit features: Ripple. June 29, 2026 - By Decrypt - Original - Updated Ripple is testing a new lending protocol on the XRP Ledger, aiming to enhance on-chain finance capabilities for institutions. Confidence: 70% Horizon: medium-term Key numbers. * 1.5 billion (market cap of rlusd) * 1.05 (current price of XRP) * November 2024 (lowest price level since) Market drivers (micro). * Introduction of lending protocol could increase liquidity. * Off-chain underwriting allows institutions to retain control. * Potential for broader adoption of Ripple's stablecoin. Context (macro). * Continued volatility in cryptocurrency markets. * Growing interest in integrating traditional finance with blockchain. Who wins / who loses. * Winners: Institutions looking for new lending opportunities. * Losers: Traditional lending platforms facing competition from on-chain solutions. Scenarios. Base The XRP Ledger's lending protocol is likely to gain approval and enhance institutional participation in on-chain finance. Alt If the protocol faces significant regulatory hurdles, its implementation may be delayed or altered. What to watch next. * Approval status of the lending protocol by network validators. * Market reaction to the introduction of new lending features. * Performance of XRP and rlusd in the coming weeks. Full analysis. XRP Ledger's 'missing layer' draws closer as developers test lending, credit features. Ripple has announced that developers are beginning to test a new lending protocol on the XRP Ledger (XRPL), which aims to introduce significant functionality for institutions looking to borrow and lend digital assets directly on-chain. This development is seen as a crucial step towards enhancing on-chain finance capabilities, addressing what Ripple describes as the 'missing layer' in the current financial infrastructure. Key features of the lending protocol. The new lending protocol is based on two technical specifications, xls-65 and xls-66, which are designed to create a native credit infrastructure on the XRPL. If approved by network validators, this dual upgrade will allow network participants to put digital assets that currently sit idle to work, thereby increasing liquidity in the market. Off-Chain underwriting. One of the notable aspects of this protocol is that the underwriting process will remain off-chain. This means that the methods lenders use to assess a borrower's creditworthiness will not be reflected on the XRPL, allowing institutions to retain control over their lending decisions. This design aims to provide flexibility and support a wider range of credit structures over time, rather than hard-coding a single lending model into the application. Compartmentalized risk management. The lending protocol also incorporates a multi-tiered approach to risk management, where losses from defaults are compartmentalized. Capital from pool managers and underwriters is put at risk first, mirroring traditional finance structures. This design is intended to provide a more robust framework for managing lending risks, which is essential for attracting institutional participation. Market context and XRP's Performance. Despite the positive developments, XRP's price has recently fallen to its lowest level since November 2024, trading around $1.05. This decline highlights the volatile nature of the cryptocurrency market, even as Ripple pushes forward with innovations that could enhance the utility of its blockchain. The introduction of the lending protocol is expected to bolster the use of Ripple's stablecoin, rlusd, which has seen significant growth since its launch, reaching a market cap of $1.5 billion. The potential for institutions to leverage digital assets for liquidity and revenue generation could reshape how financial firms operate on the XRPL. Conclusion. As Ripple continues to develop its lending protocol, the implications for on-chain finance could be substantial. By integrating features that align more closely with traditional finance, Ripple aims to attract a broader range of institutional participants, potentially transforming the landscape of digital asset lending.
This investment is a part of Flutterwave’s Series E funding round, a milestone that underscores the company’s strengthening institutional position and sets the stage for further strategic announcements in the coming months. In a landmark move for the African digital economy, this strategic investment integrates Ripple’s USD-denominated stablecoin RLUSD, Ripple’s payments network and the XRP […]
Ripple named one of Fortune's Best Bay Area Workplaces for 2026. May 27, 2026 Ripple received Bay Area workplace recognition after 95% of surveyed employees described the crypto solutions company as a great workplace, extending its multiyear presence on Fortune's regional workplace lists. Key takeaways. * Ripple earned Bay Area workplace recognition with strong employee scores across several workplace categories. * Employee feedback remains central because rankings weigh trust, fairness, pride, and camaraderie. * Great Place to Work uses anonymous employee surveys and certification benchmarks to determine placement eligibility. Ripple earns 2026 Bay Area workplace recognition. Ripple announced on May 26 that Fortune and Great Place to Work named it one of the Best Workplaces in the Bay Area for 2026. The blockchain payments company linked to its Great Place to Work profile, where 95% of surveyed employees described Ripple as a great workplace. The profile adds substance to the announcement through employee survey results. Great Place to Work, which partners with Fortune on the annual workplace rankings, listed strong employee scores tied to onboarding, workplace resources, facilities, and equal treatment. Ripple has also appeared on Fortune's Bay Area workplace lists in previous years, giving the 2026 recognition broader continuity. The crypto firm stated on X: "Best in the Bay, again! We're proud to announce that Ripple has been named one of Fortune's Best Workplaces in the Bay Area for 2026." Fortune's earlier Bay Area workplace lists already included Ripple in consecutive years before the latest recognition. The evaluation process uses anonymous employee surveys and certification benchmarks to determine which companies qualify for Fortune's annual workplace lists. That makes employee feedback the core measure behind the recognition, rather than company-submitted claims alone. Ripple expansion continues alongside workplace recognition. Great Place to Work says its Trust Index Survey measures employee experiences through 60 statements tied to workplace culture. The ranking system also separates large employers from small and medium companies, which groups Ripple with companies of similar size in the Bay Area. The evaluation process ties final placement directly to employee survey feedback collected during certification. Ripple's broader operating activity has also expanded in 2026. The company has increased XRP's role across payments, liquidity, and treasury infrastructure while preparing a larger combined Swell and Apex event in New York. Ripple said the combined format will bring together institutional finance leaders, developers, researchers, and members of the XRP community under one event structure. Regarding the recognition, the crypto firm noted: "Big thanks to every Rippler who makes this possible." The workplace recognition adds a culture-focused marker as Ripple continues expanding enterprise blockchain services and XRP-focused infrastructure. Strong employee survey results can also strengthen recruiting efforts across engineering, compliance, product, and institutional business teams. Future placement on Fortune's Bay Area workplace lists will continue reflecting updated employee survey responses and certification results.