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

The company expects to exit 2026 with $900 million in annualized product revenue, marking a major milestone for its expanding financial infrastructure business. Ripple expects to reach a $900 million annualized product revenue run rate as its institutional business expands, according to @TheBlockCo. The figure is tied to growth across its products, including the RLUSD… pic.twitter.com/XW4xbvuKfd — Crypto Banter (@crypto_banter) October 28, 2026 The announcement comes alongside a major 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?

Ripple Revenue Approaches $1 Billion as Institutional Business Expands Ripple revenue milestone reflects growth 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. Its payments network is approaching $150 billion in lifetime transaction volume by the end of 2026.