Ripple Nears $1B as BNY’s $63.4T Vault Adds XRP and RLUSD Custody

Ripple is approaching a $1 billion annualized revenue run rate and expects to exit 2026 with $900 million in annualized product revenue as its institutional financial infrastructure business expands, according to @TheBlockCo. The company announced on October 28, 2026, “RIPPLE EXPECTS $900 MILLION ANNUALIZED PRODUCT REVENUE RUN RATE!”

The milestone comes as Ripple expands its relationship with BNY, which oversees $63.4 trillion in assets under custody and administration. BNY now supports XRP and Ripple USD (RLUSD) on its digital asset custody platform.

Ripple attributed its revenue growth to expansion across payments, custody, stablecoins, prime brokerage, and corporate treasury services. The company also reported that customers and partners using multiple Ripple products have tripled this year.

The additions place XRP and RLUSD within BNY’s custody infrastructure as Ripple builds out its institutional product portfolio and works toward its stated annualized product revenue target.