Ripple CEO Brad Garlinghouse has disclosed that Ripple’s business ecosystem processed $16 trillion in transactions last year, highlighting the growing scale of the company’s global financial operations. This figure reflects the combined transaction volume from newly acquired businesses that now operate under Ripple.
Major acquisitions drive transaction volume
Garlinghouse attributed Ripple’s $16 trillion transaction total to the integration of two acquisitions completed during the previous year. The company acquired Hidden Road, a non-bank prime broker responsible for approximately $3 trillion in cleared transactions, and G-Treasury, a treasury management software provider which processed $13 trillion in transaction activity.
Today, Ripple operates these entities as Ripple Prime and Ripple Treasury, forming the backbone of the company’s expanding business. Garlinghouse described the resulting combined transaction volume as similar in scale to the activity handled by large global payment processors such as Visa.
Both Ripple Prime and Ripple Treasury are currently experiencing what Garlinghouse described as record years, and the CEO expressed confidence that the overall volume will continue to climb. He stated that the company anticipates increasing financial activity as demand among corporate clients rises.
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AAPLRipple’s combined transaction flow through its acquired businesses reached $16 trillion last year, a figure Garlinghouse compared to Visa’s network scale. These segments are reporting record performance, further boosting Ripple’s expectations for transaction growth.
Mini dictionary: G-Treasury is a treasury and cash management software company that assists organizations in automating payments, managing liquidity, and optimizing financial workflows.
On-chain settlement remains limited
Garlinghouse drew attention to the relationship between the total transaction volume and blockchain settlement. He estimated that currently only about 0.1% of Ripple’s $16 trillion in transaction flow settles on-chain in stablecoins, XRP, or similar blockchain-based assets. Each additional 0.1% migrated on-chain could represent an estimated $160 billion in transaction activity.
Ripple’s CEO outlined a long-term goal to boost the share of transaction volume completed with blockchain-based settlement. He said this strategy aims to provide corporate clients with increased efficiency in terms of speed, cost, and transaction certainty.
| Business Unit | Transaction Volume | Status |
|---|---|---|
| Ripple Prime (Hidden Road) | $3 trillion | Active, Record Year |
| Ripple Treasury (G-Treasury) | $13 trillion | Active, Record Year |
| Total Ripple Ecosystem | $16 trillion | Growing |
Corporate demand for stablecoin solutions increases
Garlinghouse observed a recent uptick in outreach from chief financial officers and treasurers, who are now seeking information on blockchain settlement and stablecoin use cases. He explained that many of these inquiries originate from executives unsure how to unlock idle capital distributed across global subsidiaries.
According to Garlinghouse, Ripple has been asked to assist these organizations in maximizing global liquidity and improving operational flexibility by utilizing stablecoins and other blockchain technologies. This increasing attention from financial decision-makers points to broader adoption of blockchain within established corporate finance practices.
Executives are now turning to Ripple for guidance on how stablecoins and blockchain systems can help unlock trapped corporate capital and manage global liquidity more efficiently.
Emphasis shifts to real utility in the crypto sector
Addressing cryptocurrency market dynamics, Garlinghouse emphasized the importance of developing real-world utility, suggesting that industry sustainability relies on genuine use cases rather than speculation or meme coins.
He outlined how Ripple’s expansion into large-scale financial services positions the company to demonstrate tangible benefits for institutional clients, especially as more businesses explore blockchain-based settlement.
While most of Ripple’s activity currently remains off-chain, Garlinghouse believes the growing shift toward on-chain settlement could result in significant increases in blockchain transaction volume going forward.
