Operating Company Financial Services

Ripple

San Francisco, California, United States

Enterprise-grade blockchain and crypto infrastructure enabling faster, more transparent, and cost-effective financial services. Customers use Ripple solutions to source crypto, facilitate instant payments, empower their treasury, engage new audiences, lower capital requirements, and drive new revenue.

Focus Areas
Blockchain payments, Enterprise blockchain infrastructure, Digital asset custody
Website
ripple.com

Tracked deals

8

8 tracked deals across 2023-2026.

Recent pace

3

3 tracked deals announced in the last 12 months.

Deal mix

Buyout

8 buyout

Ripple Acquisition Volume by Year

Last 4 years

Acquisition volume by year Annual acquisition counts for the last 4 years for Ripple. 1 2023 1 2024 5 2025 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • January 6, 2026
    Buyer
    GTreasury, Ripple
    Target
    Solvexia
    Industry
    Data & Analytics
    Type
    Buyout

    GTreasury, a Ripple solution, announced its acquisition of Solvexia, a no-code financial automation, data management, and analytics provider. The deal is intended to modernize reconciliation and regulatory reporting workflows by combining GTreasury’s treasury and digital-asset infrastructure with Solvexia’s reconciliation and compliance automation.

  • Buyer
    Ripple
    Target
    Palisade
    Location
    England, United Kingdom
    Type
    Buyout

    Ripple has acquired Palisade, a London-based digital asset wallet and custody technology company, to bolster Ripple Custody with wallet-as-a-service capabilities. The deal integrates Palisade's MPC-based, multi-chain wallet tech into Ripple Payments, expanding Ripple's ability to serve fintechs, corporates, and crypto-native institutions with faster wallet provisioning and high-frequency transaction support.

  • Buyer
    Evernorth Holdings, Inc., Armada Acquisition Corp. II, Arrington Capital, Ripple, SBI Holdings, Pantera Capital, Kraken, GSR, Chris Larsen
    Target
    Armada Acquisition Corp. II
    Location
    United States
    Type
    Buyout

    Evernorth Holdings (a newly formed Nevada corporation focused on an actively managed XRP treasury) announced it will go public through a merger with special purpose acquisition company Armada Acquisition Corp. II. The business combination is expected to raise over $1 billion in gross proceeds and position the combined company to operate under Nasdaq ticker XRPN following shareholder and regulatory approvals.

  • Buyer
    Ripple
    Target
    GTreasury
    Industry
    Cloud & SaaS
    Type
    Buyout

    Ripple announced its $1 billion acquisition of GTreasury, described as the global leader in treasury management systems. The deal is intended to expand Ripple’s access to the multi-trillion-dollar corporate treasury market and combine GTreasury’s treasury/risk/compliance capabilities with Ripple’s digital-asset and payments infrastructure.

  • Buyer
    Ripple
    Target
    Rail
    Type
    Buyout

    Ripple agreed to acquire Rail, a stablecoin-powered global payments platform, for $200 million. The deal expands Ripple’s digital asset payments infrastructure by adding Rail’s virtual accounts and automated back-office capabilities, and is expected to close in Q4 2025 subject to regulatory approvals.

  • Buyer
    Ripple
    Target
    Hidden Road
    Location
    United Kingdom
    Type
    Buyout

    Ripple has agreed to acquire Hidden Road for $1.25 billion, creating the first crypto company to own and operate a global, multi-asset prime brokerage. The deal is expected to close in the coming months, subject to regulatory approvals, and will enable Hidden Road to migrate post-trade activity to the XRP Ledger while leveraging Ripple’s balance sheet and RLUSD stablecoin for cross-margining and collateral.

  • Buyer
    Ripple
    Target
    Standard Custody & Trust Company
    Seller
    PolySign, Inc.
    Type
    Buyout

    Ripple has agreed to acquire Standard Custody & Trust Company, an institutional-grade digital-asset custody and trust platform (a subsidiary of PolySign, Inc.), to expand its portfolio of regulatory licenses and strengthen its custody and payments capabilities. The deal brings Standard Custody’s limited-purpose trust charter and money transmitter licenses into Ripple’s regulatory footprint; closing is subject to regulatory approvals and standard conditions.

  • September 8, 2023
    Buyer
    Ripple
    Target
    Fortress Trust
    Seller
    Fortress Blockchain Technologies
    Type
    Buyout

    Ripple has agreed to acquire Fortress Trust, a subsidiary of Fortress Blockchain Technologies, bringing a Nevada trust license and Web3 custody and payments infrastructure into Ripple's enterprise crypto stack. The acquisition expands Ripple's regulatory licenses and capabilities across payments, custody, and tokenization; the deal remains subject to due diligence and regulatory approvals.

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