At its Swell conference, Ripple said it was approaching an annualized product revenue run rate of $900 million as it heads toward the end of 2026. The company attributes the growth to stronger enterprise demand and the integration of acquisitions across payments, custody, prime brokerage and treasury management. Ripple says its products enabled more than $16 trillion in transactions during 2025 and that more than 1,700 institutions and enterprises have access to its digital asset infrastructure. It also highlighted RLUSD, its progress toward securing a bank charter and its efforts to integrate blockchain-based assets into traditional financial workflows. However, the run rate is not the same as audited annual revenue or a guarantee that it will be maintained, and the relationship between Ripple’s commercial activity and the value of XRP remains indirect.
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