Timed to its 10th Swell conference, Ripple released a year-end business update that puts the company on track to exit 2026 with $900M in annualized product revenue. The figure covers payments, custody, the RLUSD stablecoin, prime brokerage and treasury management.

The number of customers and partners using several Ripple products together tripled this year. Named partners include BNY, Robinhood, DriveWealth and Water.org, while RLUSD is now available on Coinbase, Binance, Kraken and OKX.

RLUSD market cap reached $2.6B, up more than 88% year to date, and the payments network is expected to approach $150B in lifetime volume by year end.

Ripple also received final OCC approval for its national trust bank charter and expanded its work with BNY on tokenized trade finance on the XRP Ledger. The $900M figure is a forward run rate, not reported annual revenue.