Ripple Acquires Toronto-Based Rail for $200 Million

Ripple has announced a $200 million acquisition of Rail, a Toronto-based stablecoin payments platform, aiming to expand its digital asset infrastructure and solidify its role in the stablecoin sector. The deal, expected to close in late 2025 pending regulatory approval, will integrate Rail’s virtual accounts, automated back-office systems, and API-based connectivity into Ripple’s global network. This integration will allow Ripple to offer streamlined settlement, custody, and cross-border payments in both fiat and digital assets—including RLUSD and XRP—without requiring clients to directly hold crypto. Rail is projected to process over 10% of the $36 billion global B2B stablecoin payments market in 2025, and its infrastructure connects with more than a dozen banking partners. The acquisition follows Ripple’s other strategic moves, such as a partnership with BNY Mellon for RLUSD custody and the purchase of prime brokerage firm Hidden Road. Ripple President Monica Long stated that the move positions Ripple at the forefront of stablecoin innovation and global payment adoption.