Ripple
Ripple Labs Inc.
Ripple is a blockchain-based financial infrastructure company providing institutions with cross-border payments, digital-asset custody, prime brokerage, treasury and tokenization services, leveraging the XRP Ledger. It issues RLUSD, a regulated US-dollar stablecoin (approved by NYDFS and issued through its subsidiary Standard Custody & Trust, with reserves held by BNY Mellon and Deloitte attestations). It serves banks and fintechs worldwide (including BBVA Switzerland, Travelex Bank, Archax) and holds NMLS license #2314015.
Data & conditions
| Service type | Stablecoin infrastructure |
|---|---|
| Pricing model | Not disclosed |
| Stablecoins | RLUSD |
| Custody model | qualified-custody |
| Customer type | Enterprise, Fintech |
| Fund custody | Custodial (platform holds funds) |
| Supported countries | US, EEA, UK, APAC, MENA, LATAM |
| Regulator | NYDFS (New York) |
| Segment | B2B |
| MiCA / License status | NYDFS Limited Purpose TrustNMLS MSB |
Strengths
- Established and regulated player: RLUSD approved by NYDFS, reserves held by BNY Mellon with Deloitte attestations.
- Full institutional suite: cross-border payments, custody (1M+ wallets), prime brokerage, tokenization on the XRP Ledger.
- Real banking customers and broad geographic coverage.
- No notable sovereignty advantage documented.
Weaknesses
- B2B infrastructure for institutions: not an end-consumer product.
- Ecosystem heavily tied to XRP/Ripple; corporate history marked by litigation with the US SEC.
- Custodial: the platform holds your funds and can freeze or lose them.
Verdict
Score 4.4/5, very strong profile. In its favour: established and regulated player: RLUSD approved by NYDFS, reserves held by BNY Mellon with Deloitte attestations. The trade-off to weigh: b2B infrastructure for institutions: not an end-consumer product.
On the Sovereignty lens the score is 0.5/5 (weak): the strength is fund control (0.5/5).
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Is RLUSD a regulated stablecoin?
Yes. RLUSD is approved by NYDFS and issued via Standard Custody & Trust (an NYDFS-chartered limited purpose trust owned by Ripple); it is backed 1:1 by dollars, short-term Treasuries and cash equivalents, with reserves held by BNY Mellon and monthly Deloitte attestations.
Can an individual use Ripple?
Ripple's services target banks, fintechs and institutions. An individual can hold the XRP token or the RLUSD stablecoin through third-party exchanges, but is not a direct customer of Ripple's enterprise products.
Sources
- Official service page Custody · RLUSD · Treasury Data verified on Jul 17, 2026
- businesswire.com Data verified on Jul 17, 2026
- cryptoslate.com Data verified on Jul 17, 2026