Will Ripple Shift to Full XRP Control? Bitwise CEO Thinks So

TL:DR

• Ripple controls 42% of XRP provide, elevating speak of a company pivot towards treasury-like operations.
• Bitwise CEO suggests Ripple might turn into an XRP treasury agency as holdings develop quickly.
• RLUSD stablecoin custody by BNY Mellon boosts Ripple’s push into institutional digital asset providers.

Ripple’s Rising XRP Holdings Increase New Questions

Ripple could also be transitioning from a payments-focused firm to at least one with deeper ties to XRP as a reserve asset. In accordance with Bitwise CEO Hunter Horsley, the corporate may very well be known as an “XRP treasury firm” inside the subsequent yr. This suggestion follows rising company curiosity in holding XRP and the agency’s rising affect over the token.

I’m wondering if in 12 months, individuals will name Ripple an XRP treasury firm.

— Hunter Horsley (@HHorsley) July 10, 2025

Ripple’s Q1 2025 XRP Markets Report stated that the corporate at present holds 4.56 billion XRP. Moreover, a big portion of XRP’s complete provide—roughly 42%—stays below its management by way of month-to-month escrow releases.

Whereas the escrowed XRP is managed by on-chain contracts, its long-term launch construction continues to tie Ripple carefully to the asset.

XRP Holdings Gas Discuss of a Company Pivot

Ripple CEO Brad Garlinghouse has publicly questioned the corporate’s $11 billion valuation, suggesting it doesn’t account for Ripple’s huge XRP holdings.

“That $11 billion quantity could be very outdated,” Garlinghouse stated in a earlier assertion, pointing to the corporate’s roughly $100 billion XRP-linked stability.

In the meantime, this shift comes at a time when a number of public firms are exploring XRP treasury methods. Trident Digital Tech Holdings is aiming to lift $500 million value of XRP. Webus Worldwide has outlined a $300 million aim, whereas VivoPower and Wellgistics Well being have secured $121 million and $50 million, respectively, in XRP for company reserves.

Stablecoin Efforts Proceed with New Custody Deal

Ripple’s rising curiosity in digital belongings extends past XRP. Its stablecoin, RLUSD, has reached a market cap of over $500 million. The corporate has tapped Financial institution of New York Mellon (BNY Mellon) to function custodian for it.

The oldest financial institution in the USA, is understood for supporting digital asset custody providers. Ripple’s alternative provides conventional monetary credibility to its stablecoin operations throughout XRPL and Ethereum.