Ripple expects $900 million annualized product revenue run rate as institutional business expands

What happened

Ripple expects to exit 2026 with a $900 million annualized product revenue run rate, citing growth across payments, custody, stablecoins, prime brokerage, and treasury. It said customers using multiple Ripple products tripled this year and received final approval from the Office of the Comptroller of the Currency to establish a national trust bank.

Confirmed

Global impact / market context

A $900 million run rate, which means expected yearly revenue based on current levels, signals Ripple expects its institutional products to grow well beyond crypto trading. The national trust bank approval could let it offer regulated services directly, potentially winning more business from banks and asset managers.

Analyst inference

The article points to traditional finance moving onto blockchain rails, with Aviva Investors launching a tokenized share class on the XRP Ledger and Brevan Howard expanding its Ripple relationship. If this adoption continues, demand for Ripple's payment, custody and stablecoin services could rise, supporting XRP-related activity.

Analyst inference

What to watch

1. Ripple said its payments network is expected to approach $150 billion in lifetime volume by year-end, and its RLUSD stablecoin reached a $2.6 billion market capitalization, figures investors can track. Confirmed
2. Watch whether Aviva Investors' £50 million tokenized share class on the XRP Ledger attracts more money, which would show whether asset managers are willing to move funds onto blockchain-based products. Proposed
3. Track whether Ripple's national trust bank approval leads to concrete banking services and revenue, since regulatory approval alone does not guarantee customer adoption or growth toward the $900 million target. Analyst inference

Affected assets

• XRP — XRP

Evidence

• theblock.co