
In March 2025, Ripple CEO Brad Garlinghouse released the conclusion of the SEC incident, confirming that XRP is not considered the security of public exchange sales, but remains one of the facilities’ sales. After this clarity of regulations, Ripple formed new partnerships with several banks and financial institutions. The SEC officially shut down its lawsuit against Ripple Labs against unregistered securities, maintaining a $125 million penalty and ending one of the most closely monitored lawsuits in the cryptocurrency world.
List of major Ripple Partnerships
- Bny Mellon: In July 2025, Ripple appointed the Bank of New York as the leading custodian of Ripple USD (RLUSD), a Stablecoin raised in Ripple US dollars.
- Hidden Road: In April 2025, Ripple acquired Prime Brokerage Firm Hidden Road for $1.25 billion. The purpose of this acquisition is to strengthen Ripple’s position in bridging traditional financial and digital assets, controlling key transaction rails, and harnessing the XRP ledger (XRPL) for facility services, and integrating RLUSD as collateral.
- Dubai Land Division and ctrl alt: In July 2025, Ripple partnered with these organizations to support the tokenization of XRP ledger real estate.
- Imperial Canadian Commercial Bank (CIBC), Canada: The alliance, first established in 2016, expanded in July 2025. CIBC provided growth capital financing to Ripple Operations, a company focused on successful technology for maritime industry crews.
- SBI Remit & SBI Holdings, Japan: In August 2025, SBI signed a memorandum of understanding (MOU) between Ripple and SBI VC Trade, and by 2026, Ripple’s US dollar-backed Stablecoin and RLUSD were introduced into the Japanese market.
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Ripple expands global collaboration
Overall, Ripple has partnered with over 100 financial institutions around the world and continues to expand. Ripplenet technology and XRP ledger enable quick and efficient cross-border payments.
Some companies, such as South Korean digital asset manager BDACS, had partnered with Ripple before the SEC ruling. After clarity of regulations, BDACS began offering XRP Custody Services in August 2025. Compliance infrastructure, growing demand and clear regulations make Ripple thriving.
Ripple will also apply to the Office of the National Trust Bank Charter’s Secretary of Currency (OCC) in July 2025. This allows Ripple to run federal claims banks, gain legitimacy, operate across state boundaries, and retain stubcoin reserves with direct access to the Federal Reserve payment infrastructure.
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FAQ
The SEC case provided clarity. XRP is not security when sold in public exchanges. However, it is considered the security of the sale of facilities to certain investors.
The key partners of Ripple Bank Partners in 2025 are BNY Mellon, expanding major custodians and the Imperial Canadian Commercial Bank (CIBC), expanding its long-standing alliance.
