Ripple expands Ripple Payments with custody, collections

Ripple has expanded its Ripple Payments product with new custody and collections features, as stablecoin use grows among fintechs and financial institutions managing cross-border settlement and liquidity.

The update adds managed custody, named virtual accounts and unified collections in a single platform. Customers can collect, hold, exchange and pay out in both fiat currencies and stablecoins through one system.

Ripple positions the product as a licensed, end-to-end platform for moving money across traditional payment rails and blockchain networks. The company operates in more than 60 markets and reports more than US $100 billion in processed volume across Ripple Payments.

Product changes

The release builds on Ripple's acquisitions of Palisade and Rail. Palisade adds custody and treasury automation features, while Rail adds virtual accounts and collections tools.

Ripple Payments now lets customers provision named virtual accounts and wallets. It also supports automated collection flows, as well as exchange and settlement into operational accounts.

Managed custody is part of the expanded offer, enabling customers to provision wallets at scale, handle transaction signing and sweep funds into operational accounts.

Unified collections is another addition. Businesses can accept pay-ins in fiat and stablecoins through named virtual accounts and wallets, then convert and settle into a consolidated account.

Ripple also highlighted liquidity management within the platform, which it says can move liquidity across assets based on price and timing considerations.

Market backdrop

Stablecoin adoption has increased across payments, treasury and settlement use cases. Ripple cited global annual stablecoin transaction volumes of US $33 trillion last year and said stablecoins account for 30% of onchain transaction volume.

The company argues the market has shifted from pilots to live deployments, particularly in corridors where pre-funding costs, operational complexity and settlement timing remain challenging.

Ripple reports more than 75 global licences, including Money Transmitter Licences and a New York Department of Financial Services Trust Company Charter.

Customer adoption

Ripple says several banks and payment providers have adopted Ripple Payments, including AMINA Bank, Banco Genial and Corpay. It also listed payment and infrastructure firms using the product in different regions.

AMINA Bank is described as the first European bank to adopt Ripple Payments. Ripple says the Swiss bank uses the platform for near real-time cross-border flows that connect stablecoin and fiat rails.

Banco Genial is using Ripple Payments for cross-border payouts from Brazil, according to Ripple. Corpay is using managed custody and liquidity management to fund and settle positions across Asia-Pacific using RLUSD, the company said.

Ripple also named AltPayNet in the Philippines, which it said is integrating stablecoins into cross-border payment flows across several currencies. Other named customers include CambioReal, ECIB, MassPay and alfred.

Ripple said CambioReal is integrating its settlement layer into a payment orchestration platform. The integration is intended to provide faster, more transparent and compliance-ready cross-border flows across CambioReal's network.

MassPay, which Ripple described as a payout orchestration platform operating in more than 100 countries, is using Ripple to support multiple currencies and plans to expand into stablecoin-funded payouts. ECIB, a Malaysian investment bank, is using Ripple Payments for cross-border infrastructure, according to the company.

Licensing focus

Ripple has emphasised licensing and compliance as stablecoins become more prominent in payment workflows. The positioning reflects a broader trend: regulated institutions want custody, collections and settlement to sit within governance and reporting frameworks similar to those used for fiat payments.

Monica Long, President at Ripple, said:

"For the global financial system to evolve, fintechs and financial institutions need infrastructure that treats digital assets with the same rigour as traditional finance. Success in this space requires enterprise-grade infrastructure, extensive licensing, and deep liquidity - capabilities few can match. Ripple has built the blueprint for blockchain-based enterprise solutions designed to operate at global scale for regulated finance."

Ripple expects usage to grow as more payment providers add stablecoin settlement options and seek consolidated tools for collections, custody and liquidity management across multiple markets.