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Ripple Partner

Can Ripple transform from a blockchain payments rail into the comprehensive financial infrastructure layer for cross-border stablecoin payments, institutional digital asset custody, and enterprise treasury management globally?

Founded2012
HQSan Francisco, California, USA
Total raised~$800M
Latest roundSecondary Market / Growth, 2025
Valuation$40B post-money (2025)
IndustryFintech / Cross-border payments
The story

Founded in 2012 as a blockchain-based cross-border payments company, Ripple expanded from its single use case of payments into custody (via Metaco acquisition), stablecoins (RLUSD), prime brokerage, and corporate treasury (via CashAnalytics acquisition). The launch of Ripple Treasury in 2026 marks a strategic pivot toward becoming the financial OS for enterprise treasury management, embedding native digital asset capabilities into a platform with 40 years of fiat TMS heritage. Ripple increasingly operates as a B2B infrastructure provider to fintechs, PSPs, and banks rather than as a retail-facing company.

Last 12 months
2025-07
2025
2026-04
2026-04
Product timeline
2012
Ripple Labs founded with a single focus on cross-border payments using blockchain technology.· pivot
2017
Launched RippleNet, a global network of financial institutions for real-time cross-border settlements.· banking
2020
Launched On Demand Liquidity (ODL) product using XRP as a bridge currency to eliminate pre-funding requirements.· banking
2023
Acquired Metaco, a Swiss digital asset custody provider, for $250M to add institutional custody capabilities.· acquisition
2024
Acquired Coprocess (CashAnalytics) to build Ripple Treasury, an enterprise treasury management system (TMS) with native digital asset capabilities.· acquisition
2025
Launched RLUSD, a USD-pegged stablecoin used in cross-border payment corridors and as lending collateral.· banking
2026
Ripple Treasury launched as the first TMS with native digital asset capabilities, serving 1,000+ corporate clients.· banking
The stack
Payments / PSP
Ripple Payments (self-operated)RippleNet (self-operated)On Demand Liquidity / ODL (self-operated)
Lending
Gemini credit facility ($250M, credit card receivables)Accion Opportunity Fund small business lending (XRP Ledger-based)
FX & payouts
Ripple Payments (self-operated)Tranglo (payout partner)
Crypto
Ripple (RLUSD issuer, self-operated)Metaco (in-house, acquired 2023)
Accounting
Fides (bank connectivity via Ripple Treasury)
Accounting gap: minor