Paxos enables partners to provide XRP trading, custody and transfer services

Paxos adds XRP support to its crypto brokerage platform, helping partners provide full-service

Paxos announced the addition of XRP support to its crypto brokerage platform (Crypto Brokerage). The move aims to empower its partners to provide users with XRP purchase, sale, custody, deposit and withdrawal services through their own platforms. Paxos pointed out that there are currently more than 8.1 million wallets holding the token.

XRP integrates with existing customer ecosystems

Paxos Crypto Brokerage now officially supports $XRP. Since its circulation in 2012, XRP's market value has reached nearly US$95 billion and has more than 8.1 million active wallets. Through Paxos's regulated infrastructure, partners can securely provide this asset to their customers, a platform that has gained the trust of many well-known institutions in the financial world.

According to updates released by the XRP Ledger Foundation, partners can use this service to buy, sell, deposit and transfer XRP. Previously, Paxos has established partnerships with mainstream financial platforms such as PayPal, Venmo, Interactive Brokers, Charles Schwab and Mercado Libre.

Trading dynamics and market performance

During the recent sell-off in the cryptocurrency market, the price of XRP fell to US$1.43, a drop of more than 6%. Despite price fluctuations, Paxos emphasizes its role as an infrastructure provider, focusing on providing compliant transaction execution, custody and license support to the business side rather than directly competing with consumers.

合作伙伴接入模式详解

Paxos 在其经纪产品页面上描述了一种独特的服务模式：企业可以将加密钱包和交易功能嵌入到其现有的应用程序中。在这种模型下，合作伙伴负责提供面向客户的平台界面，而 Paxos 则提供底层的加密服务，包括：

• 资产托管与交易执行： 确保交易的安全性与合规性。
• 法币与加密资产兑换： 支持现金与加密资产之间的转换。
• 支付结算： 处理资金结算流程。
• 内部转账： 允许支持的资产在合作伙伴的客户网络内流动。

Paxos 明确表示，其业务定位是基础设施提供商，不与合作伙伴争夺终端用户。所有上架资产均需经过严格的评估和审批流程。因此，XRP Ledger Foundation 列出的客户名单仅代表既有业务关系，并不意味着各平台独立发布了 XRP 的上架公告。

美国市场案例：Charles Schwab 的代币扩展策略

对于美国市场的经纪客户而言，Charles Schwab 近期的代币扩展计划提供了一个具体的参考案例。据 8 月 27 日报道，Schwab 宣布将在未来几个月内将其加密服务扩展至 Solana (SOL)、Avalanche (AVAX) 和 Chainlink (LINK) 三种山寨币。

With this expansion, Schwab's options for crypto assets will increase to five, having previously launched Bitcoin and Ethereum. It is worth noting that XRP was not included in the August announcement list. In Schawb's custody arrangement, Charles Schwab Premier Bank holds client assets, while Paxos provides transaction execution and secondary custody services. Customers need to use a separate Schwab Crypto account, which is linked to their existing brokerage account.

It is reported that Schwab's crypto transaction fee rate is 0.75%, and external deposits and withdrawals are not supported at the beginning of the service. In a July earnings update, Schwab said it had begun testing the transfer function. As of the end of the second quarter, Schwab managed total client assets of US$13.1 trillion and had 39.8 million active brokerage accounts, but these data cover its entire business and are not specifically specific to XRP's positions or the number of customers who can trade XRP.

Ripple's Other Business News

Canton Chain Hosting Support Upgrade

In another hosted update, Ripple confirmed on October 5 that its version 1.43 begins to support Canton. Canton is a public blockchain used by regulated agencies primarily for tokenization, settlement and repurchase agreements. According to the documentation, customers can hold and transfer Canton Coin and CIP-56 tokens through Ripple Custody. These assets leverage the platform's existing approval controls and audit records. During the connection process, Ripple requires customers or their node operators to operate a Canton validator, the signature key remains in the customer's vault, and the account can receive assets through pre-approved transfers, without requiring a separate signature for each incoming transaction. In addition, Ripple describes a two-step transfer process that allows the recipient to accept or reject an incoming quote, and the sender can withdraw the quote before the recipient takes action.

Brevan Howard expands service scope

On October 6, Ripple announced the expansion of its cooperation agreement with Brevan Howard to provide it with multi-asset master broker services, including clearing and financing, through Ripple Prime, covering both traditional and digital markets. Alan McGroarty, chief operating officer of Brevan Howard Group, said the arrangement is expected to bring "greater operational convenience and capital efficiency" to the investment team. Previously, Brevan Howard Related Funds participated in Ripple's US$500 million strategic investment in 2025.

In order to expand the U.S. market, Ripple Prime launched a total income swap service linked to U.S. listed stocks, indices and digital assets in August. Institutional clients can maintain cross-margin positions across asset classes in a counterparty relationship. Prior to this release, Ripple Prime completed a $275 million private placement of senior unsecured notes on August 18. The proceeds will be used to support working capital and general corporate purposes to assist in the expansion of its business in the United States.