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

Ripple, the company behind XRP, is approaching a $1 billion annualized revenue run rate as institutional adoption accelerates. The company expects to exit 2026 with $900 million in annualized product revenue, marking a major milestone for its expanding financial infrastructure business. The announcement comes alongside a significant expansion of Ripple’s relationship with BNY, the financial services giant overseeing $63.4 trillion in assets under custody and administration. BNY now supports XRP and Ripple USD (RLUSD) on its digital asset custody platform. The developments strengthen Ripple’s institutional credentials, but they also raise an important question for XRP holders. Can Ripple’s growing business translate into sustained demand for its native cryptocurrency?

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