Aviva Investors Launches Tokenized Sterling Fund on XRP Ledger

Aviva Investors Launches Tokenized Sterling Fund on XRP Ledger

by | Oct 26, 2026 | Blockchain Interoperability

Aviva Investors has introduced a digital share class for its £22 billion Sterling Liquidity Fund on the XRP Ledger, backing the new product with a £50 million investment. The Monday launch marks the second money market fund in the firm's collaboration with Ripple, bringing combined investments across its two tokenized share classes to more than £86 million.

The launch represents a significant expansion of Aviva's tokenization strategy, bringing one of Europe's largest money market funds onto blockchain infrastructure while preserving the conventional fund's investment objectives, risk profile, daily liquidity and regulatory safeguards.

Digital-Twin Structure

The new share class uses a digital-twin structure, allowing fund ownership to be represented on the XRP Ledger while the underlying portfolio and existing fund arrangements remain unchanged. The £22 billion in assets refers to the conventional Sterling Liquidity Fund's total holdings rather than the sum moved on-chain.

Aviva said the tokenized shares would offer an additional avenue for eligible investors to access the conventional fund. The setup keeps intact the same investment goals, risk characteristics, liquidity features and safeguards that conventional shareholders receive.

As Aviva Investors' biggest fund, the Sterling Liquidity Fund holds high-quality, short-duration debt denominated in British pounds. Established in 2002, the Ireland-domiciled UCITS money market fund targets low-risk returns and provides daily liquidity for investors managing cash holdings.

Qualified investors can reach the tokenized shares through digital wallets, even as the traditional fund keeps its regulated framework. The tokenization arrangement does not change the fund's underlying investment holdings into XRP. Investors retain interests in a regulated money market fund, while blockchain records support the digital share class.

Infrastructure and Custody

Four firms underpin the fund's blockchain and custody setup: Ripple, Komainu, Licuido and BNY Mellon. Komainu serves as an institutional digital asset custodian for the new share class, working alongside Licuido, whose platform handles the issuance and management of tokenized financial assets.

Custody of the fund's underlying portfolio remains with BNY Mellon. For Licuido, the sterling product extends work that began with Aviva's July dollar-fund launch.

According to Ripple, the XRP Ledger handles the issuance and administration of Aviva's tokenized fund shares at low transaction cost. The network has processed more than 4 billion transactions since 2012, supports nearly 8 million active wallets and is maintained by more than 130 independent validators, according to the announcement.

Previously, Ripple has invested in tokenization providers ZILO and Licuido, expanding the infrastructure available for digital fund distribution and asset management.

Second Tokenized Fund

The sterling product follows Aviva's first tokenized fund launch on July 29, when it introduced a digital share class for its U.S. Dollar Liquidity Fund. That earlier offering received approval from the Central Bank of Ireland, with access limited to eligible investors using digital wallets.

The latest announcement identifies a £50 million ($66 million) investment by Aviva in the sterling share class. Combined investments across the firm's sterling and dollar tokenized offerings now exceed £86 million, making Aviva one of Europe's largest tokenized money market fund providers, according to the companies.

The reported combined total remains separate from the £22 billion held by the conventional sterling fund. The companies did not disclose how many outside investors had subscribed to the sterling class or whether the new investment structure would introduce additional settlement services.

Executive Commentary

Mark Versey, CEO of Aviva Investors, said the launch demonstrated the company's commitment to expanding its tokenized investment products. "We believe tokenised funds can increase efficiency and ultimately lead to improved client outcomes," Versey said.

He credited Ripple's involvement in the two launches and indicated that the companies intend to continue exploring tokenization. Aviva plans to continue exploring tokenized funds with Ripple but has not announced another fund or launch date.

Nigel Khakoo, Ripple's senior vice president of trading and markets, said financial institutions are increasingly adopting infrastructure designed for continuous access and faster settlement. "Markets are moving to 24/7 access and settlement is moving to real-time, always-on rails," he said.

Industry Context

Aviva's latest offering joins a growing selection of institutional funds using blockchain infrastructure for digital ownership records and distribution. On October 22, JPMorgan Asset Management expanded two money market funds, MONY and JLTXX, onto Solana for qualified U.S. investors.

Its MONY fund targets U.S. Treasury securities and Treasury-backed repurchase agreements, while JLTXX requires approved wallet addresses for transactions involving tokenized shares. Franklin Templeton has expanded its Benji tokenized fund platform across several blockchains, including Stellar, Ethereum and Solana.

BlackRock's BUIDL fund has likewise introduced tokenized share classes on multiple networks. Aviva's sterling launch arrives immediately before Ripple's Swell conference in New York, scheduled for October 27-29, where tokenization and institutional blockchain adoption are expected to feature among the discussions.

Conclusion

Aviva Investors has launched a tokenized share class of its £22 billion Sterling Liquidity Fund on the XRP Ledger, investing £50 million in the new offering. Combined investments across the firm's sterling and dollar tokenized offerings now exceed £86 million. The companies intend to continue exploring tokenization, though no additional fund launches have been announced.

Frequently Asked Questions

What is the size of Aviva's Sterling Liquidity Fund?

The Sterling Liquidity Fund manages £22 billion in assets, making it Aviva Investors' largest fund. The fund invests in high-grade, short-term debt instruments denominated in British pounds.

How much has Aviva invested in tokenized funds?

Aviva has invested more than £86 million ($116 million) across its two tokenized share classes, including £50 million in the new sterling product and its earlier U.S. dollar liquidity fund launched in July.

What blockchain infrastructure supports the tokenized fund?

The fund uses the XRP Ledger for blockchain infrastructure, with support from Ripple, Komainu, Licuido and BNY Mellon. Komainu provides digital asset custody, Licuido offers tokenization infrastructure, and BNY Mellon custodies the underlying assets.

When did Aviva launch its first tokenized fund?

Aviva launched its first tokenized fund on July 29, introducing a digital share class for its U.S. Dollar Liquidity Fund. That offering received approval from the Central Bank of Ireland.

What is a digital-twin structure in tokenized funds?

A digital-twin structure allows fund ownership to be represented on the blockchain while the underlying portfolio and existing fund arrangements remain in place. The conventional fund's investment objectives, risk profile and regulatory protections are preserved.

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XRP Price Floor at $1.276 as Trading Volume Runs Thin

XRP Price Floor at $1.276 as Trading Volume Runs Thin

by | Oct 26, 2026 | Altcoin

XRP traded near $1.28 on Monday, leaving the token sitting directly on its $1.276 floor with no gap left between the market price and that level, Altcoin Buzz reported. The XRP price floor comes into view after a 30-day stretch in which the token moved inside a single band, according to Binance XRP/USDT daily prices through the October 25 close computed by the outlet.

The level matters now because the market is testing it with unusually light activity. Trading in XRP on Binance totaled $74.8 million on October 25, the last full day before Monday, leaving the XRP price floor under pressure at a moment when fewer participants are active in the spot market.

XRP Price Floor and the Levels Around It

The setup leaves little room for interpretation. With XRP at about $1.28, the token is effectively resting on the XRP price floor rather than holding above it, Altcoin Buzz reported.

Above the market, the nearest ceiling stands at $1.36. A daily close above that mark would put XRP back over the level, according to Altcoin Buzz. On the other side, a daily close below $1.276 would take the token under its floor, the outlet reported.

That framing turns the current range into a simple test of levels rather than a broader trend call. The XRP price floor is the immediate downside marker, while $1.36 is the first upside barrier the market would need to clear on a closing basis.

Thin Spot Trading on Binance

The latest spot reading points to a quiet market. XRP trading on Binance reached $74.8 million on October 25, according to Altcoin Buzz, a figure that covers a single day.

That low turnover matters because the token is already pressed against support. When volume thins out while price sits on a level, the next close can carry more weight than it would in a busier market. In this case, the XRP price floor is being approached with limited spot activity behind it.

The data underpinning that view comes from Binance XRP/USDT daily prices through the October 25 close, computed by Altcoin Buzz. That places the focus on the most recent completed session rather than intraday moves on Monday.

Futures Market Shows Limited Leverage

CryptoTicker put the token at $1.29 on Saturday evening, marking a 30-day low. To assess the strength of that support, the outlet looked beyond spot trading to the futures market, where it reported $3.92 billion in open perpetual futures spread across 120 contracts on all exchanges.

CryptoTicker also noted that CoinGecko listed roughly $4.07 billion for XRP on its overview page, since that tally includes contracts that do not cleanly track the XRP index. Taken together, the figures still point to a futures market that is not especially crowded relative to the size of the asset.

XRP turned over $1.38 billion on the cash market in 24 hours, while the futures market held 2.83 times that amount, CryptoTicker reported. On that measure as well, the token sat at the low end of the large assets, at Bitcoin's level, according to the outlet.

Saturday evening's ranking showed Ethereum at 15.1%, Solana at 15.1%, Dogecoin at 14.9%, XRP at 4.8% and Bitcoin at 4.2%, CryptoTicker reported. For XRP, that suggests less leveraged positioning than in several other major tokens while the XRP price floor is being tested.

What the Leverage Data Says About Risk

For holders without leverage, the main change is in how downside risk may behave if support gives way. CryptoTicker reported that a slide below the 200-day average would be less likely to turn into a chain reaction with this leverage distribution, because forced sales would run out after fewer steps.

In practice, that means XRP's moves are currently being carried more by inflows and news than by futures-market mechanics, according to CryptoTicker. That is a relevant backdrop for the XRP price floor because it shifts attention away from liquidation pressure and toward actual demand.

The outlet's newsroom view was that the low leverage load was the most solid piece of good news Saturday offered for XRP. Even so, the same report noted that Franklin Templeton's move on Friday to place $150 million of tokenised fund units on the XRP Ledger did not stop the price from slipping.

That combination leaves a narrow message from the market. Leverage appears limited, but that by itself has not been enough to lift the token away from the XRP price floor.

What Would Break the Current XRP Range

The immediate levels are clear. On the downside, CryptoTicker identified $1.2791, the 200-day average, as the next grounded level, with the session low of $1.26 directly below it and also marking the floor of the past trading week.

On the upside, Altcoin Buzz pointed to $1.36 as the nearest ceiling and said a daily close above it would put XRP back over that level. Until one side gives way, the XRP price floor remains the central reference point for the market.

Over 90 days, XRP was up 16.0% despite a weak October, while over seven days it was practically unchanged at minus 0.2%, CryptoTicker reported. That leaves the token caught between longer-term gains and a short-term test of support.

Conclusion

XRP enters the week pressed against its $1.276 floor, with spot trading on Binance thin and futures-market leverage comparatively low. The next concrete step is a daily close: above $1.36 would move the token back over nearby resistance, while a close below $1.276 would put the floor break in focus, with $1.2791 and then $1.26 as the next downside markers cited by CryptoTicker.

Frequently Asked Questions

What is the XRP price floor right now?

The XRP price floor cited in the latest reports is $1.276. XRP traded near $1.28 on Monday, leaving the token effectively resting on that level, according to Altcoin Buzz.

How much XRP traded on Binance on October 25?

XRP trading on Binance totaled $74.8 million on October 25, according to Altcoin Buzz. The figure covers a single day, the last full session before Monday.

What level would break XRP above nearby resistance?

The nearest ceiling above the market is $1.36, according to Altcoin Buzz. The outlet reported that a daily close above $1.36 would put XRP back over that level.

How much XRP open interest is in perpetual futures?

CryptoTicker reported $3.92 billion in open perpetual XRP futures across 120 contracts on all exchanges. It also noted that CoinGecko showed about $4.07 billion on its XRP overview page because of broader contract inclusion.

What is the next downside level if XRP loses support?

CryptoTicker identified $1.2791, the 200-day average, as the next grounded downside level. Directly below that sits the session low of $1.26, which also marked the floor of the past trading week.

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Ripple Backs SEC Regulation Crypto Assets, Urges Final Rule to End Uncertainty

Ripple Backs SEC Regulation Crypto Assets, Urges Final Rule to End Uncertainty

by | Oct 21, 2026 | Adoption

Ripple has formally endorsed the U.S. Securities and Exchange Commission's proposed Regulation Crypto Assets, filing a detailed comment letter on October 20 that urges the agency to adopt the framework as a final rule. The submission came on the last day of the public comment period and was addressed to SEC Secretary Vanessa A. Countryman.

The move places Ripple, which spent years in court fighting the SEC over XRP sales, in the position of supporting the regulator's effort to write industry-wide rules. The company argues that clear regulations are needed to protect investors and keep innovation in the United States, and that formal rules would replace the case-by-case enforcement approach it blames for driving crypto businesses offshore.

Alderoty on Regulation Crypto Assets

Chief Legal Officer Stuart Alderoty said Ripple supports the proposal but stressed that the industry needs clear rules instead of years of case-by-case enforcement, according to CryptoRank. He confirmed the submission publicly in a post on X, formerly known as Twitter, where he referenced the company's legal expenses during its concluded SEC lawsuit.

Alderoty said the agency has clear authority to adopt the rules and called for a clearer approach to digital asset regulation. "We support the proposal, and the SEC has clear authority to adopt it," he said, according to CryptoRank.

He argued that the SEC's earlier reliance on individual enforcement actions created uncertainty, restricted legitimate businesses and pushed cryptocurrency innovation outside the United States, Crypto Adventure reported. In a post on X, Alderoty stated that Years of 'case by case, coin by coin' enforcement have pushed innovation offshore, according to NameCoinNews.

Tokens Versus Investment Contracts

A central point in Ripple's filing is the distinction between a crypto asset itself and any investment contract under which it may have been offered, NameCoinNews reported. The company maintains that issuing tokens through investment contracts does not automatically classify the underlying digital assets as securities.

Ripple said the framework is consistent with the Supreme Court's Howey test, which defines an investment contract as involving an investment of money in a common enterprise with profits expected from the efforts of others, according to NameCoinNews. Alderoty called the approach faithful to Howey, the 1946 Supreme Court case, CryptoPotato reported.

Ripple opposes making decentralization an independent requirement for determining when securities obligations have ended, according to kucoin. Instead, the company wants regulators to examine whether issuers have fulfilled or permanently withdrawn their original commitments to investors. What matters is what an issuer actually promised and when those promises end, not a subjective 'decentralized' test, Alderoty wrote, according to CryptoPotato.

The letter also rejects sorting tokens into "company-backed" and "network" camps, warning that the split would revive the "implicit" promise standard the SEC dropped in its 2026 interpretation, CryptoPotato reported. In one example cited in the letter, a company sending 5% of each sale to buy and burn its own token creates an investment contract because the code automates a promise to return revenue to holders.

What the Proposal Contains

The SEC released Regulation Crypto Assets on August 18, aiming to create a clearer framework for certain investment contracts involving digital assets. The proposal establishes two registration exemptions for qualifying investment contracts involving cryptocurrency.

One pathway would permit eligible startups to raise $5 million over four years without traditional securities registration. A second exemption would allow offerings of up to $75 million within 12 months, subject to additional disclosure and financial reporting requirements. The larger exemption includes a $20 million Tier 1 pathway and a $75 million Tier 2 pathway, Crypto Adventure reported, and federal antifraud and antimanipulation provisions would continue to apply.

The proposal also includes a conditional safe harbor allowing a cryptocurrency to cease being associated with an investment contract once the issuer has completed or permanently ended its promised essential managerial efforts. Under a proposed Rule 400, an issuer could file a public Form TR certifying that the work it promised buyers is finished or abandoned, CryptoPotato reported.

Ripple supports the safe harbor but opposes an SEC suggestion to limit it to issuers that fulfilled their promises, arguing that buyers can no longer expect profits from abandoned work either, according to CryptoPotato. The framework builds on a March 2026 joint interpretive release by the SEC and the Commodity Futures Trading Commission that began clarifying how federal securities laws apply to crypto assets, NameCoinNews reported.

Refinements Ripple Wants

While backing the exemptions, Ripple proposed changes to how digital assets are classified, how investment contracts terminate and how secondary-market transactions are regulated. The company wants the SEC to clarify that cryptocurrency issuers do not automatically need to submit a Form TR to establish that an investment contract has ended, Crypto Adventure reported.

Ripple also recommends allowing exchanges, brokers and other intermediaries to rely on completed Form TR filings when determining whether an asset remains subject to securities requirements. Another proposed refinement would extend the safe harbor's treatment of crypto assets to the Investment Company Act and Investment Advisers Act, reducing inconsistent classifications across federal securities laws.

The company is seeking stronger protections for secondary-market transactions involving tokens separated from investment contracts, and it wants Rule 500 clarified to prevent ordinary cryptocurrency trading from inheriting obligations tied to earlier offerings, kucoin reported. Ripple also opposes excluding ordinary broker-dealer transactions from proposed state-registration preemption protections, warning that such restrictions could discourage regulated intermediaries from providing secondary-market liquidity.

On the question of authority, the letter points to Section 28 of the Securities Act and Section 36 of the Exchange Act, which let the SEC exempt class or classes of securities, CryptoPotato reported. Ripple maintains that the SEC can introduce tailored exemptions using its existing statutory authority without waiting for new congressional legislation, a position that follows the Senate's failure to advance the CLARITY Act in September.

Industry Letters and Litigation History

Ripple was not alone. A group of blockchain organizations including Chainlink Labs, the Cardano Foundation, Hedera, Ava Labs, the Stellar Development Foundation and Aptos Labs filed a joint comment letter urging the SEC to codify classifications for digital commodities, NameCoinNews reported. The coalition argued that clearer status would strengthen U.S. competitiveness and reduce legal ambiguity for networks already widely viewed as decentralized.

The Blockchain Association also endorsed the proposed framework on October 20 but requested changes to its fundraising restrictions, Crypto Adventure reported. The industry group wants the startup exemption increased from $5 million to $10 million, arguing that blockchain development, infrastructure and security expenses can exceed the proposed ceiling, and it recommends excluding qualifying airdrops and network participation rewards from fundraising limits.

Ripple's position follows the resolution of its own SEC litigation, which officially concluded in August 2025 when both parties agreed to dismiss their appeals, ending a case that began in December 2020 over XRP sales, kucoin reported. The resolution preserved a July 2023 federal court ruling distinguishing institutional XRP sales from certain secondary-market transactions, while Ripple remained subject to a $125 million civil penalty and an injunction over securities-registration violations.

Alderoty revealed that Ripple spent more than $150 million defending itself throughout the dispute, adding that "No company should have to do that to learn what the law requires," according to CryptoRank. Ripple maintains that formal regulations would provide greater stability than enforcement policies that future SEC leadership could reverse, kucoin reported.

Conclusion

Ripple's October 20 letter puts the company on record supporting Regulation Crypto Assets while pressing the SEC to refine how investment contracts end, how tokens are classified and how secondary-market trades are treated. The public comment period closed on October 20, though the SEC is accepting feedback beyond its formal deadline, according to The Cryptonomist. The framework remains a proposal, with no final adoption date or implementation schedule announced, and the agency must complete its regulatory review before adopting final rules.

Frequently Asked Questions

What did Ripple file with the SEC on October 20, 2026?

Ripple filed a roughly 20-page comment letter addressed to SEC Secretary Vanessa A. Countryman expressing full support for the proposed Regulation Crypto Assets and calling on the Commission to adopt it as a final rule. Chief Legal Officer Stuart Alderoty confirmed the submission publicly in a post on X.

What fundraising exemptions does Regulation Crypto Assets propose?

The proposal includes two registration exemptions for qualifying digital asset investment contracts. One pathway would let eligible startups raise $5 million over four years without traditional securities registration, while a second would permit offerings of up to $75 million within 12 months, subject to additional disclosure and financial reporting requirements.

How much did Ripple spend on its SEC lawsuit over XRP?

Stuart Alderoty said Ripple spent more than $150 million defending itself in the litigation, which concluded in August 2025 when both parties dismissed their appeals. Ripple also remained subject to a $125 million civil penalty and an injunction over securities-registration violations.

Why does Ripple oppose a decentralization test for crypto assets?

Ripple argues decentralization should not be an independent requirement for determining when securities obligations end. The company wants regulators to assess whether an issuer has fulfilled or permanently ceased the essential managerial efforts promised to investors, consistent with the Supreme Court's Howey test.

Which crypto organizations joined the push for clearer SEC rules?

Chainlink Labs, the Cardano Foundation, Hedera, Ava Labs, the Stellar Development Foundation and Aptos Labs filed a joint comment letter urging the SEC to codify digital commodity classifications. The Blockchain Association separately endorsed the framework while asking that the startup exemption rise from $5 million to $10 million.

Sources

Garlinghouse Rings Nasdaq Bell as Evernorth Deploys XRP

Garlinghouse Rings Nasdaq Bell as Evernorth Deploys XRP

by | Oct 16, 2026 | Altcoin News

Garlinghouse rang the Nasdaq opening bell on Friday, October 2026, as Evernorth deployed XRP.

Conclusion

Garlinghouse rang the Nasdaq opening bell on Friday, October 2026, while Evernorth deployed XRP. No further details were provided.

Frequently Asked Questions

How much XRP did Evernorth deploy?

Evernorth deployed XRP.

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Ripple Taps Stripe-Owned Privy for XRP Ledger AI Agent Payments

Ripple Taps Stripe-Owned Privy for XRP Ledger AI Agent Payments

by | Oct 14, 2026 | How to Crypto

Ripple has partnered with Privy, a wallet infrastructure company owned by Stripe, to bring embedded wallets to the XRP Ledger, enabling stablecoin and AI agent payments directly within applications. The collaboration, announced on October 13, allows developers to create and manage XRP Ledger wallets programmatically and build payment services with XRP, the RLUSD stablecoin from Ripple, and additional digital assets supported by the network.

The XRP Ledger AI agent payments partnership matters because it targets a growing segment of automated transactions while raising questions about XRP's role in the ecosystem. Ripple said AI agents have processed 13 million payments on the ledger, accounting for roughly 25% of network activity, though the company has not disclosed the total dollar value of those transactions.

Embedded Wallets Remove Key Management

The integration introduces embedded wallets on the XRP Ledger, which are cryptocurrency wallets built directly into applications. These wallets allow apps to manage private keys, the codes that control access to funds, on behalf of users. As a result, businesses can offer payment features inside their own apps while customers avoid downloading separate wallet software, writing down recovery phrases, or securing hardware devices.

Privy's infrastructure will handle wallet creation, wallet management, and transaction signing through software, according to the company. Builders can develop products centered on XRP, the dollar-backed RLUSD stablecoin from Ripple, and other assets issued on the ledger. Financial technology firms and payment processors may find it simpler to weave stablecoin transfers and digital asset offerings into their existing platforms.

Users will retain control of their wallets and may export private keys or seed phrases should they choose to transfer funds elsewhere. The setup places wallet functions inside the service a customer already uses, while giving developers tools to manage the underlying blockchain transactions.

AI Agent Payments and x402 Protocol

Beyond consumer applications, the collaboration targets agentic commerce, a model in which autonomous software holds funds and transacts through programmable wallets. In an agent payment, software completes transactions on its own, with no human involvement. Privy's server-side wallet infrastructure will let such agents store and move digital assets, including via the x402 payment protocol, which enables automated payments between software applications and online services.

According to Ripple, the new tools allow AI agents to store funds and carry out transactions, including via x402, a protocol built for machine-to-machine payments on the internet. A software program might purchase access to information streams or processing power whenever needed. When software seeks paid information, it can get a payment demand, approve the transfer, and receive the material after verification completes.

Ripple said in a statement: "To date, it has processed 13M agent payments, which now account for roughly 25% of network activity." Last week on X, Ayo Akinyele stated that over 13 million agent payments had gone through x402 on the network, making up about 25% of ledger activity.

XRP Not Required for Settlement

Neither Privy nor Ripple named XRP as the required settlement asset, according to AOL. That leaves developers free to skip XRP altogether and use RLUSD for settlement. Privy's messaging emphasizes stablecoin payments and does not directly reference XRP, whereas Ripple presents XRP as one choice among RLUSD and other digital assets.

A business transacting in dollar-pegged tokens through a Privy wallet gains the advantages of the ledger while avoiding direct interaction with XRP, except for the mandatory reserve and small charges. Every fresh account on the XRP Ledger needs the network's minimum reserve of 1 XRP before activation, even when the account exists solely for stablecoin transfers, so someone has to provide that XRP to get started.

The tie-up between Privy and Ripple draws notice to the XRP Ledger, yet transactions flowing through Privy's wallets might settle in RLUSD or alternative assets just as readily. Should Ripple or Privy eventually disclose that a meaningful share of agent payments or Privy wallet activity settles in XRP, the link between this collaboration and the token could grow stronger. On the other hand, should upcoming disclosures keep emphasizing transaction volumes while omitting which asset was used, the ledger could expand even as appetite for XRP stays flat.

Transaction Data Lacks Dollar Values

Ripple shared how many transactions occurred but withheld the aggregate worth of those agent payments. Bots and automated programs are capable of generating large numbers of tiny transfers cheaply, which means raw transaction tallies can paint a distorted picture when dollar amounts are absent. The assertion from Ripple that agent payments make up about 25% of network activity is open to different readings, according to AOL and Crypto News.

Data from the XRPL AI Hub, run by payment infrastructure builder t54, indicated over 14.3 million total transactions spread across 169 registered merchants as of Wednesday. That dashboard logged roughly 6,991 XRP and 12,752 RLUSD in cumulative payments.

CoinDesk reached out to the XRP Ledger Foundation seeking information about apps built with the integration and requesting figures on what share of the network's payment activity stems from AI agents. This announcement arrives while developers are observing a steep climb in these kinds of transactions on the XRP Ledger.

Industry Context and Prior Moves

Privy's connection to Stripe lends credibility to the partnership. Stripe stands as a widely known force in internet payments, so Privy's backing represents a meaningful vote of confidence for the XRP Ledger as workable payment infrastructure. Stripe agreed to acquire Privy following its $1.1 billion purchase of stablecoin infrastructure provider Bridge, as crypto.news previously reported in June 2025.

Markus Infanger, senior vice president of RippleX at Ripple, said in a statement: "Privy brings proven wallet infrastructure that makes it easier for fintechs and developers to bring XRPL into real products, from payments and stablecoin experiences to emerging forms of agentic commerce." He cited the ledger's fast settlement, low transaction costs and native support for digital-asset transactions.

Privy co-founder and CEO Henri Stern said in a statement: "Stablecoins are changing how money moves, and XRPL has been building for payments from the start."

For its earlier work on automated payments, Ripple joined the x402 Foundation as a Premier Member on July 14. Ripple began offering developers tools for these payments in June, letting agents create wallets, check balances and pay for services using XRP or RLUSD. In September, it expanded the kit to support a payment standard developed by Stripe and payments blockchain Tempo, including a way to fund repeated requests with XRP instead of settling each one separately.

Conclusion

The Ripple and Privy partnership brings embedded wallets to the XRP Ledger, enabling developers to build payment applications using XRP, RLUSD, and other digital assets without requiring users to manage private keys. Ripple said AI agents have processed 13 million payments on the ledger, representing roughly 25% of network activity, though the company has not disclosed the dollar value of those transactions. Neither company named XRP as the required settlement asset, allowing developers to settle entirely in RLUSD. The next concrete step will be whether Ripple or Privy reports what portion of agent payments or Privy wallet transactions settle in XRP, which could clarify the connection between this partnership and demand for the coin.

Frequently Asked Questions

What is the Ripple Privy partnership announced on October 13?

Ripple partnered with Privy, a Stripe-owned wallet infrastructure company, to bring embedded wallets to the XRP Ledger. The integration allows developers to create and manage XRPL wallets programmatically, sign transactions, and build applications using XRP, Ripple's RLUSD stablecoin, and other digital assets. The partnership supports both consumer-facing financial products and applications that let AI agents make payments.

How many AI agent payments has the XRP Ledger processed?

Ripple said the XRP Ledger has processed 13 million agent payments, which now account for roughly 25% of network activity. However, Ripple has not disclosed the total dollar value of those transactions. Figures from the XRPL AI Hub showed more than 14.3 million cumulative transactions across 169 registered merchants as of Wednesday, with approximately 6,991 XRP and 12,752 RLUSD in cumulative payments.

Does the Privy integration require XRP for payments?

No, neither Privy nor Ripple named XRP as the required settlement asset. Developers can bypass XRP entirely and settle in RLUSD instead. However, each new XRP Ledger account must receive the network's minimum reserve of 1 XRP to become active, even if it will be used only for stablecoin payments.

What are embedded wallets on the XRP Ledger?

Embedded wallets are cryptocurrency wallets integrated directly into an app, allowing the app to manage private keys on behalf of the user. This means companies can facilitate payments within their applications without requiring customers to download a separate wallet, write down recovery phrases, or secure hardware devices. Users can export their private keys and seed phrases if they want to move their funds to another wallet.

What is the x402 payment protocol used by AI agents?

The x402 payment protocol is a system designed for machine-to-machine payments online. It supports automated payments between software applications and online services. An agent requesting paid data can receive a payment request, authorize payment, and obtain the data once that payment is verified. Ripple joined the x402 Foundation as a Premier Member on July 14.

Sources