Every Company Ripple Has Acquired Since 2023 and What It Means for XRP

Ripple has spent the past three years quietly building one of the most ambitious financial infrastructure networks in crypto, deploying more than $4 billion across custody, brokerage, payments and treasury technology. CEO Brad Garlinghouse recently hinted that 2026 could be another defining year, suggesting the buying is far from over.

“Adoption doesn’t happen overnight,” Garlinghouse posted on X after visiting Ripple offices in Dublin, London, Singapore and Sydney. “Platforms over point solutions. Meet customers where they are.” Many of the employees he met, he noted, joined through the company’s recent acquisitions.

Here is every deal Ripple has made, what it cost, and what it added to the ecosystem.

2023: Laying the Foundation

Ripple entered its modern acquisition phase with two institutional-focused deals:

• Metaco acquired May 2023 for $250 million, a leading digital asset custody platform already trusted by major global banks, giving Ripple immediate institutional credibility in the custody space
• Fortress Trust acquired September 2023 for undisclosed, brought critical U.S. regulatory licenses and compliance infrastructure, expanding Ripple’s ability to operate within American financial regulations

2024: Strengthening Regulated Infrastructure

• Standard Custody acquired 2024 for undisclosed, a New York-regulated digital asset trust company that deepened Ripple’s custody and settlement capabilities for institutions entering the digital asset market

2025: The Biggest Year Yet

Four deals in twelve months, totalling well over $2 billion:

• Hidden Road acquired in April 2025 for $1.25 billion: a major prime brokerage platform serving institutional traders, Ripple’s single largest acquisition to date
• Rail acquired August 2025 for $200 million: stablecoin payments infrastructure bolstering Ripple’s cross-border settlement capabilities
• GTreasury was acquired in October 2025 for $1 billion: corporate treasury management software used by multinational companies worldwide, connecting Ripple’s network to enterprise finance operations
• Palisade was acquired in November 2025 for undisclosed: a London-based digital asset custody provider expanding Ripple’s wallet and asset security services into Europe

2026: The Next Move

Ripple’s acquisition strategy is already moving into its next phase. The company has plans to acquire BC Payments Australia, a firm holding an Australian Financial Services License. The deal would strengthen Ripple’s regulated payments presence across the Asia-Pacific region and expand its cross-border payment services into one of the fastest-growing digital asset markets in the world.