Welcome to the XRP Portal – the home for institutional investors and professional market makers to learn about XRP’s role in the Ripple network. XRP is the native digital asset to the Ripple network. While XRP is not required to transact on Ripple*, it is uniquely positioned to create more competitive foreign exchange (FX) markets for cross-border payments. For individuals interested in learning more about XRP, including popular gateways to buy and trade XRP, please visit the Knowledge Center.

*Each transaction destroys a negligible amount of XRP as a network fee to prevent spam. In a future (ILP-enabled) version of Ripple, this network fee will be able to be denominated in local currencies.

XRP’s Role on Ripple as a Bridge Currency

Ripple enables banks to settle cross-border payments in real-time, with end-to-end transparency, and at lower costs. Banks choose to either provide liquidity for FX themselves or source it from third-party market makers.

As Ripple adoption grows, so do the number of currencies and counterparties. Liquidity providers need to maintain accounts with each counterparty for each currency – a capital- and time-intensive endeavor that spreads liquidity thin. Further, some transactions, such as exotic currency trades, will require multiple trading parties, who each layer costs to the transaction. Thin liquidity and many intermediary trading parties make competitive pricing challenging.

Market makers can bridge any currencies directly through XRP in a trade. Similar to USD in today’s currency market, XRP allows market makers to concentrate their liquidity around fewer pairs, creating order book thickness and competitive FX rates, especially for exotic currency pairs. Unlike USD, trading through XRP does not require bank accounts, service fees, counterparty risk, or additional operational costs. By using XRP, liquidity providers can specialize in certain currency corridors, reduce operational costs, and ultimately, offer more competitive FX pricing.

Building Network Effects on Ripple:

XRP’s Role on Ripple and in the Internet of Value

This paper shares the vision for Ripple and XRP in enabling money to move like information moves around the world today - an Internet of Value.

The Cost-Cutting Case for Banks:

The ROI of Using Ripple and XRP for Global Interbank Settlements

This paper reveals the quantified cost-savings to banks in implementing Ripple for cross-currency payments and in using XRP in their FX flows.

Catalyzing Competitive FX Markets:

Ripple’s XRP Incentive for Market Makers

This paper introduces Ripple’s XRP incentive program for market makers who use XRP to offer tighter FX spreads.


The creators of Ripple set out to build a more efficient distributed payment network.

Bitcoin and alt-coin systems use mining to confirm transactions and create coins. Mining consumes large amounts of electrical energy, as miners compete with each other to generate coins.

Ripple’s method of confirmation, called consensus, doesn’t need mining; therefore, it requires comparatively negligible computing power, confirmation time adapts to network latency, and transactions are immediately irreversible once confirmed.

Because Ripple’s architecture does not require mining, the creators of Ripple had a choice: distribute XRP exclusively via mining or diversify the distribution methods.

Distributing value is a powerful way to incentivize certain behaviors. Bitcoin’s mechanism, for example, led to an explosion of processing power devoted to bitcoin mining. Our goal in distributing XRP is to incentivize actions that build trust, utility and liquidity in the network.

If we distribute XRP with these goals in mind, over time we expect to see an increase in demand for XRP that more than offsets the additional supply we inject into the market. Said another way, we will engage in distribution strategies that we expect will result in a stable or strengthening XRP exchange rate against other currencies.


Total XRP Held by Others:

As of
*Total includes business development agreements that are still pending.

XRP Distribution

As of
*Total includes business development agreements that are still pending.

Learn More About XRP

For institutional XRP purchases or market making questions