Paxos has expanded its Crypto Brokerage platform to include full support for XRP, allowing institutional and business partners to provide trading, custody and transfer services for the digital asset. The update, announced on October 7, 2026, gives partners API-based access to buy, sell, deposit, withdraw and hold XRP on the XRP Ledger.

The platform combines custody, trading, settlement and API connectivity under one regulated service. Partners control which assets and features appear in their own customer-facing products. The addition does not automatically mean XRP becomes available on every platform that uses Paxos infrastructure.

Platform Capabilities and Partner Access

Businesses integrating the service can now offer XRP purchases, sales, holding, deposits and withdrawals. Paxos supplies the underlying custody, liquidity, licensing and trade-execution functions while the partner manages the end-user interface. Assets move within a partner’s customer network or to external addresses according to the supported functions.

Paxos stated that XRP has been in circulation since 2012 and is held across more than 8.1 million wallets, with a market capitalization of nearly $95 billion at the time of the announcement. The company operates as a national trust bank under the oversight of the Office of the Comptroller of the Currency, following conditional approval of its national trust bank conversion in December 2025.

Existing Paxos clients named in connection with the update include PayPal, Venmo, Interactive Brokers, Charles Schwab and Mercado Libre. Each firm independently decides whether and when to surface any newly supported asset to its customers. Charles Schwab, for example, earlier announced plans to expand its crypto offerings to include Solana, Avalanche and Chainlink alongside Bitcoin and Ethereum, without including XRP in that specific expansion.

Asset Selection and Expansion Path

In June 2026 the brokerage platform supported 29 assets and aimed to cover a substantial portion of the top 50 tokens by market capitalization by year-end. New assets undergo a structured review that weighs demand, liquidity and regulatory considerations before launch.

The XRP addition continues that expansion. Paxos previously acquired wallet-technology firm Fordefi to strengthen its ability to support a broader range of tokens under institutional-grade custody controls.

Market Context

At the time of the announcement XRP traded near $1.41 to $1.43, declining more than 6 percent amid a wider cryptocurrency market sell-off. The price movement occurred independently of the platform update.

Separate developments involving Ripple, the company closely associated with XRP, included expanded custody support for assets on the Canton network and an extension of prime-brokerage services to investment manager Brevan Howard. Those moves remain distinct from the Paxos brokerage integration.

Paxos positions its Crypto Brokerage as infrastructure that does not compete with partners for end users. The XRP listing therefore functions as an optional capability that regulated financial platforms can activate according to their own product and compliance decisions.