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Ripple's Business Landscape: Partnerships, Acquisitions, ETFs, and Applications
Ripple is actively expanding its ecosystem across various fronts in 2025. Cheat sheet
Some analysts suggests that for every $10 billion in inflows, XRP could see a 516x increase. Another analyst found that inflows of tens of millions of dollars were enough to increase XRP's market cap by tens of billions.
Partnerships
Ripple collaborates with over 300 financial institutions and companies globally, leveraging XRP and RippleNet for cross-border payments, liquidity, and other digital asset solutions.
Key Partnerships in Financial Services & Banking
✅BNY Mellon: Custodian for Ripple's stablecoin, Ripple USD (RLUSD).
✅SBI Holdings (Japan): Uses XRP for cross-border payments, notably in Asia.
✅Standard Chartered (UK): Enhances cross-border payment solutions with XRP.
✅Santander Bank (Spain): Integrates RippleNet and XRP for international transfers.
✅American Express (USA): Uses RippleNet and XRP for cross-border payments.
✅PNC Bank (USA): Utilizes RippleNet for cross-border payments with XRP.
✅Bank of America: Testing Ripple solutions to improve payment systems.
✅Itaú Unibanco (Latin America): Applies RippleNet for payment systems.
✅Bank of Thailand: Utilizes Ripple's blockchain for financial innovations.
✅Saudi Central Bank: Adopts Ripple for international payments.
✅National Bank of Georgia: Partnered for CBDC pilot program.
✅Thunes: Expanded global partnership for cross-border payments, improving payout experience and broadening reach.
Remittance & Payments Partners
✅MoneyTap (Japan): Payment app using Ripple tech for instant transactions.
✅Western Union: Uses Ripple to improve cross-border transactions.
✅Chipper Cash (Africa): Supports faster, cheaper, cross-border payments into Africa using RLUSD.
✅VALR (Africa): RLUSD partner in Africa.
Yellow Card (Africa): RLUSD partner in Africa.
✅Tranglo (Southeast Asia): Ripple holds a 40% stake and is a key ODL partner.
Fintech & Digital Wallets
✅Bitso (Latin America): A major On-Demand Liquidity (ODL) partner.
✅Cuallix: A pioneer in the use of ODL in remittance services.
✅Kyrrex Pay: Offers seamless acceptance and settlement of XRP.
✅Gemini: Partnered for a limited edition XRP credit card with 4% cashback.
✅MoonPay: Payments infrastructure company supporting RLUSD distribution.
✅Uphold: Cryptocurrency exchange supporting RLUSD distribution.
CBDC Collaborations
✅Royal Monetary Authority of Bhutan: Piloting a digital ngultrum with Ripple's technology.
✅Republic of Palau: Partnered on the Palau Stablecoin (PSC).
✅National Bank of Georgia: Piloting a CBDC in 2025.
Rumored discussions with other central banks in the Caribbean and Africa.
Other Collaborations
✅✅Amazon Web Services (AWS): Provides cloud support for Ripple's system.
✅Deloitte: Provides guidance on Ripple's blockchain solutions.
✅World Bank: Assessing Ripple's prospects in development finance.
✅Harvard University (via XRPL Commons, Flare, and EasyA): Exploring solutions for tokenized assets, cross-chain finance, and composable infrastructure on XRPL.
Acquisitions
Ripple has made several significant acquisitions to strengthen its market position:
✅Metaco: Acquired in May 2023 for $250 million, adding digital asset custody capabilities.
✅Hidden Road: Acquired in April 2025 for $1.25 billion, expanding Ripple into prime brokerage services for institutional investors.
✅Rail: Acquired in August 2025 for $200 million, boosting stablecoin and cross-border payment solutions.
ETFs
The landscape for XRP Exchange-Traded Funds (ETFs) is evolving:
Regulatory Clarity: The SEC's lawsuit settlement in August 2025 classified XRP as a non-security for secondary market sales, increasing ETF approval odds.
✅✅Approved US ETF: ProShares Ultra XRP ETF (UXRP), a leveraged futures-based product, was approved and launched in July 2025, attracting $1.2 billion in inflows in its first month.
Pending US Spot ETFs: Around 11 major asset managers, including
✅Grayscale
✅ Bitwise, have filed applications for spot XRP ETFs. Decisions are expected by October 2025, with Bloomberg analysts assigning a 95% probability of approval by year-end.
✅✅Canadian ETFs: Multiple XRP ETFs have been available in Canada since June 2025.
Market Impact: Analysts predict spot ETF approvals could inject $4.3 billion to $8.4 billion into the XRP market.
Pending Bank Charter
Ripple has applied to the Office of the Comptroller of the Currency (OCC) for a US national trust bank charter.
Purpose: The charter aims to grant Ripple access to the Federal Reserve's payment infrastructure, potentially enabling 24/7 stablecoin operations with its RLUSD stablecoin, and enhancing institutional legitimacy.
Current Status: The OCC is expected to rule on the application by late October 2025, though delays are possible.
Other Business Applications and Usage
✅RippleNet: Ripple's blockchain-based network facilitating real-time messaging, clearing, and settlement for cross-border payments.
✅On-Demand Liquidity (ODL): Utilizes XRP for real-time, low-cost international transfers. ODL processed $1.3 trillion in transactions in Q2 2025.
✅XRPL EVM Sidechain: Launched in June 2025, enabling Ethereum-compatible smart contracts and decentralized applications on the XRP Ledger.
✅XLS-30 AMM: Native automated market making (AMM) brought to XRPL in 2024.
✅Ripple USD (RLUSD): Ripple's USD-backed stablecoin, issued on XRPL and Ethereum, gaining traction in institutional finance and integrated with DeFi platforms like Aave's Horizon RWA market. Its market capitalization surpassed $500 million by mid-2025.
✅Companies Accepting XRP: Over 1,700 companies and stores, including HostMeNow and Happy Hippo, accept XRP as payment.
✅Futures Market: XRP futures contracts launched on the CME in May 2025, reaching $8.1 billion in open interest by August 2025, indicating growing institutional confidence.
Ripple is actively expanding its ecosystem across various fronts in 2025. Cheat sheet 👀llions of tokens in recent weeks, suggesting long-term positioning.👀
@hjeckfjord @LayahHeilpern If I’m low IQ then explain why I’m wrong. You’ll probably cop out and say you don’t have time to explain things to idiots when the truth is you can’t explain why