Ripple’s 2025 acquisition spree is starting to look, in the eyes of Digital Ascension Group CEO Jake Claver, less like opportunistic dealmaking and more like an attempt to build the “Amazon of financial infrastructure,” a vertically integrated stack where XRP and Ripple’s stablecoin RLUSD sit at the settlement layer. In a video, Claver said Ripple spent roughly $2.45 billion on acquisitions in the last seven months of 2025, arguing the purchases form “pillars for a master plan” that mirrors how Amazon built dominance by owning infrastructure rather than just selling products.
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