Ripple CEO Brad Garlinghouse revealed that the company processed nearly $16 trillion in transactions in the last year, highlighting the scale of its growing payments ecosystem. Garlinghouse compared this figure to Visa’s annual transaction volume, signaling Ripple’s ambition to compete directly with top legacy payment networks.
Acquisitions expand Ripple’s payment flows
A major contributor to Ripple’s increased transaction volume comes from key acquisitions made over the past year. Hidden Road, now operating as Ripple Prime, cleared about $3 trillion in transactions. Meanwhile, GTreasury, rebranded as Ripple Treasury, processed approximately $13 trillion in payment activities.
Together, these platforms provide Ripple with access to large payment and clearing flows that previously ran almost entirely through traditional financial systems.
Mini dictionary: Ripple Prime and Ripple Treasury – Ripple Prime is the institutional prime brokerage arm offering clearing, trading, and settlement, while Ripple Treasury provides businesses with advanced payments and cash management services following the integration of GTreasury.
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AAPL| Entity | Rebranded Name | Annual Transaction Volume |
|---|---|---|
| Hidden Road | Ripple Prime | $3 trillion |
| GTreasury | Ripple Treasury | $13 trillion |
| Total | $16 trillion |
Despite the significant scale, Garlinghouse observed that only 0.1% of this aggregate transaction volume currently settles on-chain via XRP, stablecoins, or other blockchain-based assets. He indicated that even a 0.1% increase would translate into $160 billion more in on-chain activity, setting an ambitious goal for the company’s blockchain adoption efforts.
Focus on on-chain settlement and practical utility
Garlinghouse emphasized that Ripple’s future success depends on migrating more payment volume to blockchain rails. He said expanding the portion of payments settled on-chain is central for delivering faster, more cost-effective, and more reliable transaction experiences for institutional clients.
Ripple CEO Brad Garlinghouse described the $16 trillion milestone as “Visa size,” adding that “the priority is moving more of that activity on-chain to deliver speed, cost, and settlement certainty.”
Executives across corporate finance are increasingly evaluating blockchain solutions. Garlinghouse stated that CFOs, treasurers, and other enterprise leaders are asking how digital assets can unlock trapped capital and improve liquidity. He stressed that this growing demand is fuelled by practical financial utility rather than speculative trading interest.
“You have to have utility. If it’s just speculation or meme coins, that’s not sustainable,” Garlinghouse commented, reinforcing Ripple’s commitment to enhancing efficiency for real-world financial institutions.
Ripple’s strategy revolves around converting a larger share of its expanding payment and treasury operations onto blockchain technology. Although the company has achieved significant volume, it recognizes that increasing the on-chain share will be key for its long-term growth.
Opportunity and next steps
Even small shifts towards blockchain-based settlement could bring notable gains in transaction activity for the XRP Ledger and related infrastructure, especially as Ripple introduces new digital assets such as RLUSD, its enterprise-focused stablecoin.
Garlinghouse views the $16 trillion benchmark as both a major accomplishment and a foundation for further growth. With continuous expansion of its institutional product suite, Ripple aims to translate its scale into a greater percentage of on-chain settlement volume.
