San Francisco & Toronto — August 8, 2025 — Ripple, a leading enterprise blockchain and crypto solutions provider, has announced a definitive agreement to acquire Rail, a Toronto-based stablecoin payments infrastructure company, in a deal valued at $200 million.
The acquisition, expected to close in the fourth quarter of 2025 pending regulatory approval, will integrate Rail’s advanced capabilities—including virtual accounts, automated back-office operations, and banking partnerships—into Ripple Payments. This move aims to deliver a fully integrated, scalable, and compliant stablecoin payment solution for global clients.
Ripple Payments already operates with a broad payout network, significant digital asset liquidity, and more than 60 licenses for regulatory compliance worldwide. By adding Rail’s infrastructure, customers will be able to conduct stablecoin transactions without the need for dedicated crypto wallets or separate accounts, simplifying both onboarding and day-to-day operations.
Monica Long, President of Ripple, said the acquisition underscores the company’s commitment to driving the next phase of blockchain adoption in global finance. “Stablecoins are quickly becoming a cornerstone of modern finance, and with Rail, we are uniquely positioned to lead innovation and adoption in stablecoin-based payments. This acquisition strengthens our ability to help customers move money wherever and whenever they need.”
Rail currently processes around 10% of global stablecoin payments and counts major venture investors among its backers. The deal is expected to enhance Ripple’s market presence at a time when demand for regulated, efficient digital asset transfers is accelerating.
This marks Ripple’s second major acquisition of the year, following its $1.25 billion purchase of prime broker Hidden Road, bringing the company’s 2025 M&A total to over $3 billion.
The deal also comes amid growing regulatory clarity in the United States, with recent federal legislation on stablecoins creating a more supportive environment for the sector’s mainstream adoption.