Ripple's Acquisitions
$3.7B+ in strategic deals building the future of financial infrastructure
Disclaimer: This website is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.
The Big Picture
Ripple is no longer just a payments company. Through calculated acquisitions totaling over $3.7 billion, Ripple has transformed into a full-stack financial infrastructure provider — covering custody, prime brokerage, stablecoin payments, treasury management, and wallet infrastructure. Every piece connects back to the XRP Ledger.
As of early 2026, Ripple is the 9th most valuable private company globally at ~$50 billion, processing over $90 billion in global payments.
Acquisition Timeline
Algrim
Reykjavik, Iceland
High-frequency trading & crypto exchange engineering (acqui-hire)
Why Ripple Acquired
Engineering talent deployed to enhance On-Demand Liquidity (ODL) — the system that uses XRP as a bridge currency.
XRP Impact
Direct. Team went to work on the core product driving XRP transaction volume.
Tranglo (40% Stake)
Malaysia
Cross-border payments across Southeast Asia. 250K transactions / $48M in first 100 days.
Why Ripple Acquired
On-the-ground partner to deploy ODL across one of the world's largest remittance corridors.
XRP Impact
Massive. Every ODL transaction uses XRP as bridge asset. Volume surged from $53M to $970M.
Metaco
$250 MillionLausanne, Switzerland
Institutional crypto custody & tokenization. Trusted by Citibank, BBVA, BNP Paribas, Société Générale.
Why Ripple Acquired
First major acquisition. Trojan horse into traditional finance — banks using custody can be introduced to Ripple's full suite.
XRP Impact
Banks can't hold XRP without custody infrastructure. Metaco provides exactly that.
Standard Custody & Trust
New York, USA
NY Limited Purpose Trust Charter — one of only 9 in existence. Co-founded with Arthur Britto & David Schwartz's tech.
Why Ripple Acquired
Regulatory licenses are the crown jewel. CEO Jack McDonald joined Ripple as SVP of Stablecoins → RLUSD launch.
XRP Impact
Every license removes friction for institutional XRP adoption.
Hidden Road
$1.25 BillionNew York, USA → Ripple Prime
Global multi-asset prime brokerage. $3T+ annual clearing, 300+ institutional clients, $100M revenue in 2024.
Why Ripple Acquired
First crypto company to own a global prime brokerage. RLUSD as collateral, post-trade settlement on XRP Ledger.
XRP Impact
Potentially the most significant for XRP. Institutional transaction volume flowing through XRPL infrastructure.
Rail
$200 MillionToronto, Canada
B2B stablecoin payments — ~10% of $36B global stablecoin market. Supports USDC, USDT, RLUSD, and XRP.
Why Ripple Acquired
Lets businesses use stablecoin rails without holding crypto. 12+ bank partnerships, real-time conversions.
XRP Impact
More payment corridors = more potential XRP bridging volume.
GTreasury
$1 BillionUSA → Ripple Treasury
Enterprise treasury management for Fortune 500. 40+ years experience. Cash forecasting, FX, compliance.
Why Ripple Acquired
Corporate treasury is a $120T market. Places blockchain settlement directly into corporate treasurer workflows.
XRP Impact
Business payments routed through XRPL use XRP as bridge — steady, recurring, non-speculative demand.
Palisade
London, UK
MPC-based Wallet-as-a-Service. Zero-trust security, multi-chain, fast provisioning. Clients: Absa, BBVA, Société Générale.
Why Ripple Acquired
Fills the last gap in Ripple's custody stack — wallet infrastructure for fintechs and corporates.
XRP Impact
Better wallet infrastructure = easier for institutions to hold and transact XRP at scale.
Fortress Trust
AbandonedPulled out after a phishing attack via third-party vendor caused $12-15M in customer losses. Ripple compensated affected customers but walked away. Lesson: Ripple doesn't cut corners on security.
The Full Stack
Each acquisition maps to a specific layer of Ripple's financial infrastructure. No other crypto company has assembled this stack.
| Layer | Product | Via | Function |
|---|---|---|---|
| Payments | Ripple Payments | Rail, Algrim, Tranglo | Cross-border payments, stablecoin rails, ODL/XRP bridging |
| Custody | Ripple Custody | Metaco, Standard Custody, Palisade | Institutional-grade digital asset storage |
| Trading | Ripple Prime | Hidden Road | Prime brokerage, OTC, derivatives, settlement |
| Treasury | Ripple Treasury | GTreasury | Enterprise cash management, FX, liquidity |
| Stablecoin | RLUSD | Standard Custody + Rail | USD-backed stablecoin on XRPL and Ethereum |
Leadership & Talent
Ripple isn't hiring crypto bros — they're hiring Wall Street veterans, regulatory experts, and enterprise finance leaders from Morgan Stanley, HSBC, American Express, and Goldman Sachs. See the full Ripple leadership team and their global partnerships.
Brad Garlinghouse
CEO
Former Yahoo, Hightail. Public face of Ripple.
Monica Long
President
Joined 2013. Oversees product, marketing, business dev.
David Schwartz
CTO Emeritus
Co-creator of the XRP Ledger.
Stuart Alderoty
CLO
Former HSBC, CIT Group, AmEx. Led SEC defense.
Jon Bilich
CFO
From Morgan Stanley. Capital markets background.
Jack McDonald
SVP Stablecoins
Former CEO Standard Custody. Leads RLUSD.
The XRP Connection
Here's how every major move ties back to XRP:
Custody → Institutional Holdings
Metaco + Standard Custody + Palisade = banks can hold XRP on balance sheets
Prime Brokerage → XRPL Settlement
$3T+ annual clearing moving to XRP Ledger post-trade settlement
RLUSD → Bridge Demand
When RLUSD pairs lack liquidity, XRP serves as bridge currency
Treasury → Steady Volume
Fortune 500 cash flows routed through XRPL create recurring XRP demand
Stablecoin Payments → More Corridors
More corridors = more liquidity = tighter spreads = more adoption
Regulatory Licenses → Removed Barriers
NY BitLicense, Trust Charter, 40+ MTLs, Singapore MPI, Ireland VASP
Ripple by the Numbers
| Valuation | ~$50 billion (early 2026) |
| Global Rank | 9th most valuable private company |
| Total Acquisition Spend | $3.7+ billion |
| Employees | ~1,400 |
| Countries | 40+ across 6 continents |
| Global Payments Processed | $90+ billion |
| RLUSD Market Cap | $1.26 billion |
| Hidden Road Annual Clearing | $3+ trillion |
| Institutional Clients | 300+ |
| Total Funding Raised | $800-893 million |
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The Bottom Line
Ripple is assembling the full infrastructure stack that institutions need to operate in a blockchain-enabled financial system. Every acquisition serves a purpose. Every product connects. And at the center sits the XRP Ledger — the settlement layer that ties everything together.
The pieces are in place. The institutions are onboarding. The infrastructure is live.
Last updated: February 2026