Ripple is expanding its business focus from single cross-border payments to a more comprehensive enterprise-grade crypto infrastructure. In an interview with the New York Stock Exchange, Chief Legal Officer Stuart Alderoty stated that Ripple now offers services including payments, custody, tokenization, liquidity, and fund management.
This statement indicates that Ripple is attempting to position itself as a comprehensive service provider for enterprises using blockchain financial tools, rather than solely emphasizing payment scenarios. As banks, payment companies, and fintech platforms continue to test digital asset tools, the business boundaries between traditional finance and the crypto industry are narrowing.
Ripple expands its enterprise product line
Alderoty stated that Ripple has spent over 13 years building enterprise-oriented encryption infrastructure, targeting large and medium-sized businesses. According to him, enterprises can access a variety of encryption-related functions through a single service provider.
- Payment services
- Digital asset custody
- Asset tokenization, liquidity and fund management
Based on the information in the article, Ripple's institutional business focus in recent years has remained on regulated financial infrastructure, including stablecoins, tokenized assets, and blockchain-based settlement services.
The number of crypto users in the United States continues to increase.
The article cites data from the National Cryptocurrency Association, stating that the number of cryptocurrency holders in the United States has reached 67 million. This represents an increase of approximately 12 million users compared to the 2025 survey.
The report also stated that the new entrants to the crypto market are more diverse, no longer limited to early adopters in the tech industry or innovation hubs. New users include more women, as well as those working in the construction and manufacturing sectors.
XRPL's multiple metrics rose in the first quarter.
Messari's Q1 2026 report shows that XRP usage continues to increase within the XRP Ledger ecosystem. The report states that the average daily number of XRPL transactions increased by 35.3% quarter-over-quarter, reaching 2.48 million, indicating enhanced on-chain activity.
XRP's market capitalization at the end of the first quarter was $82.21 billion, a 26.3% decrease from the previous quarter. The report attributes this change to a broader market correction. Even so, XRP remains the fourth largest crypto asset excluding stablecoins, after Bitcoin, Ethereum, and BNB.
Messari also mentioned that XRP still dominates among public blockchain assets that adopt the federated consensus mechanism, accounting for 93.7% of the market capitalization.
ETFs, RLUSD, and RWA are growing in tandem.
Institutional demand is also reflected in the holdings of spot XRP ETFs. Messari stated that as of the end of the first quarter, US spot XRP ETFs held a total of 775.4 million XRP, representing approximately 1.26% of the circulating supply.
The scale of tokenized real-world assets on XRPL is also expanding. The report shows that the market capitalization of RWA on the network increased by 124% month-over-month, reaching $2.25 billion, making XRPL one of the leading blockchain networks in terms of tokenized asset scale.
Meanwhile, Ripple's RLUSD stablecoin saw its market capitalization on XRPL grow by 45% to $340.3 million, becoming the largest stablecoin on the network.
Messari also mentioned that XRPL transaction fees will be permanently burned. Since the network went live, approximately 14.3 million XRP have been burned, but due to the low transaction fees, the overall burning rate remains relatively moderate.
