Paxos Adds XRP to Brokerage Suite for Institutional Partners

The integration allows businesses utilizing Paxos infrastructure to manage XRP alongside their existing digital asset offerings. While the XRP Ledger Foundation identifies major entities like PayPal, Venmo, Interactive Brokers, Charles Schwab, and Mercado Libre as existing Paxos clients, the availability of XRP remains subject to the specific token lineup and regulatory approval processes of each individual partner platform.

Institutional Shifts in Custody and Brokerage

This expansion follows recent moves by industry players to bolster their service capabilities. Charles Schwab, for instance, recently broadened its crypto offerings to include Solana, Avalanche, and Chainlink, though it has yet to include XRP in its current lineup. Meanwhile, Ripple has concurrently advanced its own infrastructure, with Ripple Custody adding support for Canton network tokens and Ripple Prime extending its prime brokerage and financing agreement with investment manager Brevan Howard. These developments reflect a larger trend of institutional-grade infrastructure providers scaling their services to facilitate seamless asset management for global financial institutions.