Key Points
- Ripple Aiming for an annualized product revenue operating rate of $900 million
- The number of institutional customers adopting multiple Ripple products has increased to three times the original amount.
- Despite XRP performing weaker, RLUSD still reached a scale of 2.6 billion US dollars.
Ripple indicates that as its business expands from cryptocurrency payments to custody, stablecoins, trading, and corporate fund management, the company expects to achieve an annualized product revenue run rate of $900 million by the end of 2026.
The company announced this goal during the Ripple Swell 2026 event held in New York on October 28th, stating that the number of customers and partners using multiple Ripple products this year has increased to three times the original amount.
According to the official statement of Ripple, its infrastructure currently serves more than 1,700 institutions, companies, and enterprises in the financial services sector.
However, the figure of $900 million refers to the annualized revenue target expected to be achieved by the end of 2026, and it does not represent the revenue that the company has already realized within 2026. Ripple has not disclosed the detailed revenue breakdown by product, nor has it released any profit figures.
Ripple Expands Beyond Payments, with the Institution Seeing Triplet Growth
The growth strategy of Ripple is increasingly shifting towards selling a variety of financial services to the same group of institutional clients, rather than relying solely on cross-border payment transactions.
The company stated that its products facilitated over $16 trillion in transactions by 2025. Additionally, it was disclosed that by the end of 2026, the cumulative transaction volume processed by Ripple Payments was approaching $150 billion.
These numbers measure different types of business activities and do not represent the revenue of Ripple.
The company has strengthened its product offerings for institutions through acquisitions and collaborations with banks, securities firms, and enterprise financial service providers.
Its extended collaboration with Bank of New York Mellon ( BNY ) has introduced custody support for XRP and RLUSD, while also exploring tokenized trade financing.
At the same time, the agreement between Ripple and C2FO aims to accelerate supplier payments by using stablecoins for settlement on XRP Ledger.
The company has also expanded its partnership with Robinhood, adding new initiatives such as the distribution of retail stablecoins, corporate funding services, and institutional financing.
These measures have expanded the potential revenue sources for Ripple, although the financial contributions brought by each collaboration have not yet been disclosed.
RLUSD reaches $2.6 billion, Ripple promotes bank infrastructure construction
The market value of the RLUSD stablecoin, which is part of Ripple, has grown to approximately $2.6 billion, representing a growth of over 88% in 2026.
The company has recently received final approval from the United States to establish Ripple National Trust Bank, providing a federally regulated framework for stablecoin reserve management and digital asset custody.
Ripple has also launched a 24/7 fund management service that allows eligible corporate customers to manage their liquidity outside of traditional bank business hours and potentially generate earnings from eligible digital assets.
According to Ripple, this fund management platform serves over 1,000 clients in 160 countries.
This expansion continues Ripple's broader institutional strategy. This strategy has already brought together banks, asset management companies, and trading firms on Swell 2026.
The author Marcus Hale mainly covers topics such as Bitcoin, Ethereum, digital assets, regulation, ETF, and the adoption by institutions.
