Paxos added XRP trading and custody to its Crypto Brokerage platform on October 7, 2026, extending the New York-based trust bank's regulated on-ramp to one of the largest digital assets outside bitcoin and ether.

The integration, confirmed in product documentation on the Paxos website, allows the firm's institutional partners to execute trades in XRP and hold the asset under custody through the same infrastructure Paxos uses for other supported tokens.

XRP carried a market capitalization of nearly $95 billion at the time of the announcement and is held in more than 8.1 million wallets, according to figures cited by the company. The token has circulated since 2012, when it was introduced by Ripple Labs.

What is actually changing for Paxos partners?

The change is operational rather than novel. Banks, broker-dealers, and fintechs that already route through Paxos now have access to XRP alongside the additional assets the platform absorbed over the course of 2026.

Paxos started the year supporting 12 assets on its brokerage platform. The current roster sits between 25 and 29 assets, based on the company's published documentation. Each addition cleared a compliance review tied to the firm's status as a federally chartered trust bank.

Why does the OCC charter matter?

Paxos operates under a charter from the Office of the Comptroller of the Currency, the federal agency that supervises US national banks. That status distinguishes its brokerage from retail-facing exchanges that list XRP under state money-transmission or BitLicense frameworks.

For an institutional counterparty, the token itself rarely presents the binding constraint. The harder task is finding infrastructure that survives regulatory scrutiny on behalf of clients subject to bank-grade oversight, including capital, audit, and reporting requirements.

That is the service Paxos sells. Partners connect to the brokerage platform and inherit the compliance posture the trust bank has already built out. Adding XRP extends that wrapper to one more major asset.

How does XRP fit the selection criteria?

XRP has long been available on offshore and retail venues, but US national trust banks have rarely listed it alongside bitcoin and ether. Its market capitalization places it among the top digital assets by float.

Paxos has framed its selection as selective rather than sprawling. "We are focused on high-demand assets," the company said in materials accompanying the rollout, adding that each token must clear a compliance bar calibrated to its regulatory charter.

The token's age and liquidity reduce the compliance workload relative to newer or smaller-cap assets, which often require enhanced due diligence on distribution, concentration, and counterparty exposure.

What is the downstream effect for institutions?

The most immediate consequence falls on Paxos' institutional partners. They can offer XRP exposure without building a separate custody or trading stack, or qualifying the asset independently with their own primary regulators.

Broader market effects are less certain. Research accompanying the rollout points to growing acceptance of prominent digital assets within traditional financial services, with possible implications for price stability and on-chain liquidity across major pairs.

Retail investors who favor regulated venues could also gain indirect access. Banks and brokerages connected to Paxos can now market XRP products to clients without taking on direct custody risk, an arrangement that may broaden the token's distribution beyond its current 8.1 million wallet base.

Paxos' ongoing supervisory cycle with the OCC, including capital examinations and BSA/AML reviews, will set the pace at which the brokerage can list additional tokens through the remainder of 2026.