Ripple has moved beyond its role in cross-border payments to launch a full-stack financial infrastructure solution, merging custody, stablecoins, treasury management, and prime brokerage into one regulated platform.
How Ripple Assembled Its Expanded Platform
This transformation stems from a $2.45 billion acquisition spree in 2025. Ripple acquired Hidden Road for $1.25 billion, gaining prime brokerage capabilities. Shortly after, it acquired GTreasury for about $1 billion, adding institutional treasury management tools.
Today, the platform supports custody for over one million wallets and covers 90% of global forex markets. It also integrates RLUSD, Ripple’s USD-backed stablecoin launched in late 2024. By March 2026, Ripple’s platform had executed over $100 billion in transactions.
Ripple President Monica Long emphasized the company’s vision to create blockchain-based enterprise solutions capable of operating at a global scale under regulatory frameworks. Ripple holds multiple licenses, including broker-dealer and money transmitter authorizations, which provide an edge in regulated markets.
The move is significant for institutions, where relying on multiple vendors for custody, settlement, treasury, and stablecoins adds complexity and cost. Ripple’s broad regulatory footprint across 60-plus jurisdictions offers a competitive advantage compared to firms still navigating licensing challenges.
This expansion positions Ripple alongside firms like Coinbase Prime, BitGo, and Fireblocks, not just cross-border payment services such as Wise or SWIFT’s initiatives.
