How Ripple Became a Full-Stack Institutional Finance Platform

Ripple SVP Jack McDonald told Grayscale Research that the company has moved well beyond its origins as a cross-border payments provider. It now operates as a platform for institutional digital asset infrastructure. Its offerings include custody, stablecoins, treasury management, and institutional trading services. Ripple argues institutions can simplify operations by using one provider instead of several.
Speaking with Charlie Perkins of Grayscale Research, McDonald said Ripple expanded through product development and acquisitions. Its platform now includes digital asset custody, the U.S. dollar-backed stablecoin RLUSD, treasury management, and institutional trading infrastructure. Ripple also strengthened its capabilities through Standard Custody & Trust Company and Hidden Road.
