Ripple Closes to $1B Revenue as $63T BNY Adds XRP Custody

Ripple, the company behind XRP, said it expects to exit 2026 with a $900 million annualized product revenue run rate, approaching $1 billion in annualized revenue. Alongside that projection, BNY expanded its relationship with Ripple so eligible institutional clients can custody XRP and Ripple USD (RLUSD), Ripple’s dollar-backed stablecoin, on its digital asset platform. BNY, a financial services firm, reported $63.4 trillion in assets under custody and administration as of September 30. The companies are also exploring tokenized trade finance on the XRP Ledger, beginning with a potential supplier-finance initiative involving working-capital platform C2FO.