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Ripple the Company: What It Does and Owns
Ripple is a private company, and buying XRP buys no part of it. Its president said in January 2026 that Ripple planned to stay private, CoinDesk reported. Ripple runs cross-border payments, custody software, the RLUSD stablecoin, the prime broker Ripple Prime and Ripple Treasury. Ripple said on March 3, 2026 that Ripple Payments is live in more than 60 markets and has processed more than $100 billion, without stating the period.
Acquisitions built much of this. Ripple bought Hidden Road for $1.25 billion and GTreasury for $1 billion. On December 4, 2025 it said it had put nearly $4 billion into deals and investments. Ripple’s Prime page, checked September 29, 2026, claims more than $3 trillion cleared a year across markets. Ripple also said Ripple Treasury facilitated $13 trillion in payments volume in 2025. Neither figure is money invested in XRP. On the banking side, the OCC conditionally approved a national trust bank charter for Ripple on December 12, 2025.
Some questions stay open. As of September 29, 2026, no published figure shows how much XRP passes through these businesses, and no revenue split was found. XRP now competes with stablecoins in Ripple’s products, but no evidence shows Ripple dropping it.
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What Ripple is
- What does Ripple do today, and is it just a company that sells XRP?
Ripple runs cross-border payments, custody, the RLUSD stablecoin, the prime broker Ripple Prime and Ripple Treasury software, and holds a conditional… - Is Ripple a public company? Who owns it, and can I buy Ripple stock?
No. Ripple is a private company, and its shares are not listed on any stock exchange. Its president said in January 2026 that Ripple planned to remain… - How do Ripple's business lines fit together?
Ripple's own releases describe links between its businesses: treasury customers reach Ripple Prime's repo desk and settle in RLUSD, Prime accepts RLUSD… - Is Ripple abandoning XRP?
No evidence shows Ripple dropping XRP, but XRP now competes with stablecoins in Ripple's products. Ripple's documentation names XRP as the bridge… - What would happen to XRP and the XRP Ledger if Ripple failed?
The XRP Ledger would keep running: XRPL.org says Ripple does not own or control it, and that if Ripple stopped operating, participants could switch to…
Acquisitions and money
- What has Ripple bought, and does it help XRP?
Ripple has bought a prime broker (Hidden Road, $1.25 billion), treasury software maker GTreasury ($1 billion), and payments and custody firms, and said… - What is Ripple Prime, and how big is it?
Ripple Prime is the prime broker formerly named Hidden Road, which Ripple bought for $1.25 billion in 2025. Ripple announced on April 8, 2025 that it… - Do Ripple's trillion-dollar figures mean trillions are flowing into XRP?
No. Ripple's Ripple Prime page, checked September 29, 2026, shows '$3T+' of 'Clearing annually across markets', and Ripple said on April 1, 2026 that… - How has Ripple Prime been funded, and does that money go into XRP?
Ripple Prime borrowed twice. Ripple announced a $200 million debt facility from Neuberger-managed funds on May 11, 2026, and the closing of $275…
Custody, bank and payments
- What is Ripple Custody, and which banks use it?
Ripple Custody is software and infrastructure Ripple sells so banks and other firms can run their own digital asset custody. Ripple named BBVA, DBS… - Is Ripple becoming a bank (Ripple National Trust Bank)?
Not yet, but it has a conditional approval. The OCC conditionally approved a national trust bank charter for Ripple on December 12, 2025; CoinDesk… - What is Ripple Payments and how big is it?
Ripple Payments is Ripple's service for moving money across borders in regular currencies and digital assets such as stablecoins and XRP. Ripple said… - Which licences does Ripple hold to run payments, custody and stablecoins, and where?
Ripple holds US money transmitter licences, a New York virtual currency licence and a New York trust charter for its RLUSD issuer, plus approvals in…