Paxos Adds XRP Support for Brokerage Partners

Paxos has added XRP to its Crypto Brokerage platform, enabling business partners to offer buying, selling, holding, depositing, and withdrawing capabilities for the asset. According to CryptoNews, the company cited XRP's circulation history since 2012 and a wallet count exceeding 8.1 million as rationale for the listing.

Brokerage Infrastructure and Client Integration

Under the model described by Paxos, the infrastructure provider supplies trade execution, licensing, and custody while the partner handles the customer-facing interface. The XRP Ledger Foundation noted that existing financial platforms served by Paxos include PayPal, Venmo, Interactive Brokers, Charles Schwab, and Mercado Libre, though the announcement represents integration within Paxos infrastructure rather than separate consumer applications.

Separate Custody and Prime Services

In related developments reported alongside the Paxos integration, Ripple confirmed that version 1.43 of Ripple Custody now supports Canton, a public blockchain used by regulated institutions. Separately, Ripple announced an expanded agreement through Ripple Prime to serve Brevan Howard with multi-asset prime brokerage, clearing, and financing.

Key facts

• Paxos integrated XRP into its Crypto Brokerage platform for buying, selling, holding, deposits, and withdrawals.
• The token is held across more than 8.1 million wallets, according to company figures.
• Ripple Custody added support for Canton assets in version 1.43.
• Ripple Prime expanded its agreement with investment manager Brevan Howard.