Funding
Ripple Targets $900M Revenue Run Rate
Ripple, a payments and blockchain company, expects its annualized product revenue to reach $900 million by the end of 2026. This follows a tripling of demand for its products, including payments, custody, stablecoin, and trading services. Ripple CEO Brad Garlinghouse stated that financial markets are moving towards round-the-clock trading and faster settlement as traditional finance adopts blockchain technology. The company also secured final approval to establish a national trust bank and expanded its partnership with BNY to explore blockchain-based trade finance. Coinbase added Ripple support for retail and institutional customers, and Robinhood expanded its Ripple partnership to cover stablecoins, institutional markets, and treasury management. Ripple Prime now covers over 100 markets, with trading and settlement running 24 hours a day.