Welcome to the Ripple Overview. Every month, we dive deep into Ripple, XRP, XRPL, RLUSD and more to bring you the latest on ecosystem developments, updates, metrics, insights and more.
Ripple By The Numbers
$XRP: $1.31 (-7.02%)
XRPL TVL: $45.52M (-4.87%)
RLUSD Market Cap: $1.37B (-13.29%)
RLUSD Volume (24H): $76.28M (-10.99%)
XRPL Unique Active Accounts: 15.8K (-11.73%)
XRP Payment Volume: $706.91M (-64.97%)
These metrics are accurate upon publication. The percentages are based on month-over-month changes, unless noted otherwise.
What Caught Our Eye This Month
Ripple Prime added access to Coinbase Derivatives' full contract suite, including nano BTC and ETH futures plus SOL and XRP contracts.The platform also extended its Hyperliquid integration to give institutions access to onchain perpetual contracts on traditional assets like gold, silver, and oil through its framework.
Ripple participated in Keyrock's Series C round, valuing the crypto market maker at $1.1 billion. The raise was led by Standard Chartered’s venture arm. Keyrock operates across 85 centralized and decentralized venues and provides market making, OTC, and asset management services, making the investment a strategic fit as Ripple scales its payments and prime brokerage offerings.
Ripple joined the Monetary Authority of Singapore's BLOOM initiative, partnering with Unloq to pilot programmable cross-border trade settlement on XRPL using RLUSD. Payments in the pilot are released only when predefined commercial conditions are met, such as shipment verification, aiming to address structural inefficiencies in trade finance for SMEs.
Ripple Rundown
➡️ What happened: This week, Ripple launched Digital Asset Accounts and Unified Treasury, two digital asset capabilities embedded into its enterprise treasury management platform, Ripple Treasury, formerly known as Gtreasury.
In March, the Ripple payments ecosystem expanded its regulated footprint across three major markets. The company is securing an Australian Financial Services License through a proposed acquisition of BC Payments Australia, announced a broad expansion across Brazil with plans to apply for a Virtual Asset Service Provider (VASP) license with the Central Bank of Brazil (BCB), and partnered with Convera to offer stablecoin-enabled cross-border settlement across over 140 different currencies.
➡️ Why does it matter: The treasury launch helps address a key barrier to entry for institutions in digital assets. Ripple's 2026 survey of more than 1,000 global finance leaders found that 72% believe they must offer a digital asset solution to remain competitive, yet most treasury teams have lacked the infrastructure.
Digital Asset Accounts can allow teams to create regulated Ripple native wallets to view XRP and RLUSD balances alongside fiat positions. Additionally, the Unified Treasury connects external custodians into the same dashboard used for bank integrations. In practice this means, a treasurer managing idle cash over a weekend could allocate a portion into RLUSD directly from the same platform they use to monitor bank balances.
Separately, Ripple Payments continues to broaden its regulated footprint. With the license in Australia, Ripple could manage the full transaction lifecycle for businesses across APAC without requiring institutions to coordinate multiple intermediaries. Similarly in Brazil, institutions including Banco Genial, Braza Bank, and Nomad are already using Ripple Payments for cross-border settlement and stablecoin flows. The addition of a VASP license would give the company a regulated foundation to offer its full product suite, including custody, prime brokerage, and treasury management, in one of the world's fastest-growing financial markets.
➡️ The big picture: Ripple is assembling a full institutional stack for digital assets with treasury management for clients like CFOs and treasurers. This licensed payments network spans over 75 regulatory approvals globally, and a prime brokerage platform clearing over $3 trillion annually. The acquisitions, partnerships and heavy regulatory licensing helps the company enable access to digital assets and blockchain globally.
These actions have translated to growth on XRPL as well. Represented asset value on XRPL has reached $1.42 billion spanning tokenized commodities, corporate credit, U.S. Treasuries, and more, at the time of publication. The largest single asset is JMWH, an energy token where each unit represents one real megawatt-hour backed by energy generation contracts, currently valued at $861 million. The onchain footprint suggests Ripple's infrastructure buildout is translating into capital flows and institutional adoption.
Interested in learning more on Ripple? Here’s some updates that caught our eye:
Read more about Ripple’s plans to secure an Australian Financial Services License (AFSL) through the proposed acquisition of BC Payments Australia, expanding its regulated payments footprint across APAC
RLUSD ranked as the second most-donated digital asset and XRP at seventh overall, according to The Giving Block's 2026 report focused on crypto philanthropy
RLUSD was listed on Coinone, one of South Korea's largest regulated exchanges, and became available on iTrustCapital for US investors
Convera partnered with Ripple to offer stablecoin-enabled cross-border payments across 140+ currencies using a "stablecoin sandwich" settlement model
Follow Ripple and visit their website to explore additional opportunities.
XRP Ledger Developments
Look into the biggest announcements, developments and more happening within the Ripple.
Check out Ripple's breakdown on strengthening XRPL security with AI, with AI-assisted code scanning and raised amendment standards
t54ai announced agent commerce capabilities are coming to XRPL with Virtuals Protocol, enabling autonomous transactions with escrowed jobs, verification, and programmable settlement using XRP and RLUSD
Watch Grayscale's Managing Director Rayhaneh Sharif-Askary on the Onchain Economy podcast discussing XRP's role in diversified crypto portfolios and how spot ETFs are shifting institutional allocation strategies
Wormhole Co-Founder Robinson Burkey joined the Onchain Economy podcast to discuss cross-chain interoperability and XRPL's positioning as an institutional hub for tokenized assets across a multichain landscape
Honeycluster launched public infrastructure services for XRPL developers, providing RPC and WebSocket endpoints across mainnet, testnet, and devnet
Enter The XRPL Community
Want to build on the XRP Ledger? Visit the XRPL learning portal for more info on documentation and tools. Or go further down the rabbit hole:
Going to Paris Blockchain Week? Join XRP Community Night for an evening with the community on April 15 at 7PM GMT
Tune into this community call on the next stage of XRPL security, covering AI-assisted testing, a dedicated red team, and raised standards for amendment security
Catch you here next time.
To get this newsletter delivered to your inbox, subscribe here:
This product was built by Token Relations.
This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.