Ripple Secures OCC Approval and Sets Sights on $900M Revenue Run Rate

At its Swell conference Ripple laid out plans to reach a $900 million annualized product revenue run rate by the end of 2026, driven by product improvements and last year’s acquisitions.

The company also received final OCC approval to establish Ripple National Trust Bank, a federally supervised national trust bank. It already holds more than 85 licenses worldwide and serves over 1,700 institutions.

RLUSD’s market cap climbed to $2.6 billion, up 88 percent since the start of the year. The stablecoin is live on Coinbase, Robinhood, Binance, Kraken and OKX.

The number of clients using multiple Ripple services tripled this year, including BNY and Robinhood. CEO Brad Garlinghouse said tokenized assets are moving beyond trading into financing and collateral use.

Based on information from cryptonews.net