At the Swell conference in the United States, Ripple disclosed that its suite of enterprise‑focused products is approaching a $900 million annualized revenue run rate as it heads toward the end of 2026. The company highlighted a broadened client base—over 1,700 institutions, corporations and enterprises—whose usage of Ripple’s payments, custody, prime brokerage and treasury‑management solutions reportedly facilitated more than $16 trillion in transactions during 2025. The announcement, reported by NewsBTC and CryptoPotato, underscores Ripple’s strategy to generate cash flow from services rather than relying on token price movements.

Institutional partnerships and product integration

Ripple cited a range of recent collaborations that it says are driving the revenue momentum. Partnerships with BNY Mellon, Robinhood, DriveWealth and Water.org were referenced as examples across payments, custody, stablecoins and treasury management. In addition, the company announced that its RLUSD stablecoin is now available on several Coinbase platforms, including Coinbase Prime, the retail app and, in the near term, the Coinbase Global Exchange. The integration spans the XRP Ledger, Base and Ethereum, allowing users to deposit and withdraw RLUSD via multiple chains. Jack McDonald, Ripple’s SVP of Stablecoins, said the deal “brings RLUSD to the largest institutional client base in the U.S. crypto market, across execution, settlement, and custody – all in one place.”

Revenue run‑rate context and caveats

Both sources note that a run‑rate is an annualized projection based on current performance and does not represent audited full‑year revenue. NewsBTC cautioned that the figure should not be taken as a proxy for XRP’s market value, as the relationship between Ripple’s service revenue and the token’s price can diverge. The company’s disclosed $150 billion lifetime payout volume and the $2.6 billion market cap of RLUSD provide additional context for the scale of activity, but independent verification of settlement volumes and recurring revenue per product line remains pending.

What to watch next

Investors and analysts will likely focus on several upcoming milestones: the final regulatory approval of Ripple National Trust Bank by the OCC, the rollout of RLUSD on Coinbase Global Exchange, and quarterly financial disclosures that break down revenue by product segment. Tracking the activation of new institutional customers and the actual usage of Ripple’s treasury‑management tools will be key to confirming whether the $900 million run‑rate can be sustained through 2026 and beyond.

Sources

This article was prepared by the CoinMag newsroom from the reports listed above.