Ripple's Acquisition of Rail Strengthens Digital Asset Payment Network

Ripple, a market leader in blockchain and crypto solutions for enterprises, has announced that it has acquired Rail, a US-based platform renowned for its cutting-edge stablecoin-powered global payment infrastructure, for $200 million.

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The acquisition follows Ripple’s 2025 acquisition of multi-asset prime broker Hidden Road, highlighting its massive push to build a full-stack stablecoin infrastructure. The union between these two tech companies reflects a shared vision: delivering fast, secure payment options that transcend borders without compromising on regulatory standards or operational efficiency.

Ripple Labs is a San Francisco-based provider of enterprise blockchain and crypto solutions, notably the XRP Ledger and its signature cryptocurrency XRP, as well as its own stablecoin RLUSD. The company holds a majority of the XRP supply and counts major backers like Alphabet’s GV and leading banks.

Ripple's comprehensive payout network, underpinned by robust digital asset liquidity and fortified with over 60 regulatory licenses globally, will be significantly enhanced by Rail’s innovative payment solutions. By integrating virtual accounts and automated back-office infrastructure from Rail into its existing capabilities, Ripple aims to streamline financial operations across diverse sectors, including fintechs, neobanks, and enterprise organizations.

Founded in 2021 and headquartered in Toronto, Canada, Rail (formerly Layer2 Financial) is a rapidly growing fintech specializing in stablecoin-powered cross-border payment infrastructure. Through a single API, it enables fintechs, neobanks, enterprises, and payment providers to send and receive payments globally. Rail’s platform offers virtual IBANs, named accounts, USD rails, and third-party payment capabilities, supported by a network of over 12 banking partners. The company currently processes an estimated 10% of global B2B stablecoin payment volume.

Rail’s unique API-driven approach allows clients to leverage both fiat currency systems and stablecoin technologies efficiently, a synergy that aligns seamlessly with Ripple’s main goal, which is to drive forward scalable payments on a global scale.

The deal, which is still subject to standard closing conditions and regulatory approvals, is expected to be finalized in the fourth quarter of this year.