Ripple CEO Brad Garlinghouse has highlighted the scale of financial activity now flowing through the company’s expanded ecosystem, stating that Ripple touched approximately $16 trillion in transactions last year.
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Notably, Brad Garlinghouse described the figure as “Visa size,” underscoring the potential for greater on-chain settlement using digital assets including XRP and stablecoins.
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The $16 trillion total stems primarily from two major acquisitions. Hidden Road, now operating as Ripple Prime, cleared around $3 trillion in transactions, while GTreasury, rebranded as Ripple Treasury, handled roughly $13 trillion in activity. Together, these platforms give Ripple visibility into vast payment and clearing flows that previously operated almost entirely on traditional rails.
Only a Fraction Moves On-Chain So Far
Garlinghouse noted that just 0.1% of that volume currently settles on-chain through stablecoins, XRP, or other blockchain-based assets. Each additional 0.1% shift would represent about $160 billion in new on-chain transaction volume. The company’s stated goal is to grow both the overall volume it touches and the percentage that settles on blockchain infrastructure.
“Last year, we touched $16 trillion of transactions… that’s Visa size,” Garlinghouse said. He added that the priority is moving more of that activity on-chain to deliver gains in speed, cost, and settlement certainty for customers.
Institutional Demand For Authentic Utility
The remarks come as corporate finance leaders increasingly explore blockchain solutions. Garlinghouse said CFOs, treasurers, and enterprise executives are actively asking how digital assets can help unlock trapped capital and improve liquidity management. This demand, he argued, centers on practical utility rather than speculative trading.
“You have to have utility. If it’s just speculation or meme coins, that’s not sustainable,” he stated. The focus, according to the CEO, remains on integrating traditional finance with modern blockchain architecture so institutions can capture measurable efficiency benefits.
The Plan Ahead For Full-Fledged Adoption
Ripple’s strategy appears centered on converting a growing share of its existing large-scale payment and treasury flows onto on-chain rails. While the current on-chain percentage remains small, the absolute size of the opportunity is substantial.
Even modest machinery increases in the share of volume that settles using XRP, RLUSD, or other digital assets could generate significant additional activity on the XRP Ledger and related infrastructure.
Garlinghouse framed the $16 trillion figure as both an achievement and a starting point.
As Ripple continues to expand its institutional offerings, the key test will be whether the company can steadily raise the proportion of that activity that moves on-chain, turning a Visa-scale footprint into measurable blockchain settlement volume.
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