Ripple has announced plans to acquire Toronto-based stablecoin payments platform Rail for $200m, in a move aimed at strengthening its position in the global digital asset payments market.
The deal, expected to close in Q4 2025 pending regulatory approvals, will see Ripple integrate Rail’s virtual accounts and automated back-office infrastructure into its existing payments network. Rail currently handles around 10% of global stablecoin-based payment activity and is backed by Galaxy Ventures and Accomplice.
Ripple President Monica Long described the acquisition as a strategic step toward “delivering the most comprehensive stablecoin payments solution available in the market.” The firm launched its RLUSD stablecoin last year and has since expanded its infrastructure through acquisitions, including the $1.25bn purchase of prime broker Hidden Road in April.
Rail’s technology enables cross-border transactions that settle within hours, offering pay-in and pay-out capabilities across major corridors without requiring customers to hold crypto on their balance sheets. The platform also supports third-party and treasury payments, digital asset liquidity across RLUSD, XRP and others, and enterprise-grade compliance through Ripple’s 60+ regulatory licences.
The acquisition follows recent regulatory developments in the US, including legislation signed in July to establish federal oversight of stablecoins. Analysts say the move could accelerate mainstream adoption of digital assets.
Rail CEO Bhanu Kohli said the partnership would bring “innovation to the millions of businesses that move money internationally,” noting Rail is forecasted to process over $3.6bn in stablecoin-based B2B payments this year.
Ripple’s latest deal underscores its ambition to lead in the evolving stablecoin ecosystem, bridging traditional finance with blockchain-based infrastructure.
