XRP Treasury Tracking: Companies Holding XRP on Balance Sheets (2026)

Corporate treasury strategies have evolved. What started with MicroStrategy adding Bitcoin to its balance sheet has spread to other digital assets. Now, institutions are accumulating XRP through ETFs, direct holdings, and custody arrangements. This guide tracks who's holding XRP, how much, and what it means for supply dynamics.

Live Tracking: Monitor corporate XRP holdings in real-time on XRP Radar.

What Is a Corporate Treasury Strategy?

A corporate treasury strategy involves managing a company's cash reserves and financial assets. Traditionally, companies held cash in bank accounts, money market funds, or short-term government bonds. The digital age has introduced a new option: cryptocurrency.

When a company adds crypto to its treasury, it's making a statement. They're betting that digital assets will either appreciate in value, provide utility for their business operations, or both. For XRP specifically, companies often cite cross-border payment efficiency, XRPL ecosystem participation, or long-term appreciation potential.

Types of Corporate Treasury Holdings

• Direct Holdings: Companies buying and holding XRP directly on their balance sheet.
• ETF Holdings: Asset managers holding XRP to back ETF shares.
• Escrow: Ripple's cryptographic lockup of XRP with scheduled releases.
• Custody Arrangements: Institutions holding XRP through regulated custodians.

Why Companies Hold XRP

Companies don't add assets to their treasury without reason. Here's why institutions are accumulating XRP:

Cross-Border Payment Utility

XRP was designed for fast, cheap international transfers. Companies with global operations can use XRP for treasury management, reducing friction and costs when moving money across borders. Unlike Bitcoin, XRP settles in 3-5 seconds with minimal fees.

XRPL Ecosystem Participation

Companies building on the XRP Ledger—whether for tokenization, DeFi, or payments—need XRP for reserves and transaction fees. Holding XRP is a business necessity for ecosystem participants.

Regulatory Clarity

Following the 2023 court ruling that XRP is not a security when sold on exchanges, institutions gained confidence in holding XRP. The regulatory clarity that XRP has achieved—while other tokens remain in legal limbo—makes it an attractive treasury asset.

Portfolio Diversification

Some companies view XRP as a hedge or diversification play. While Bitcoin is "digital gold," XRP offers different characteristics: lower price per unit, utility focus, and distinct market dynamics.

Current XRP Treasury Holdings

Let's break down who's holding significant XRP positions:

XRP ETF Issuers

The largest category of institutional XRP holdings comes from ETF issuers. When you buy shares of an XRP ETF, the issuer must hold actual XRP to back those shares. As of January 2026:

*Holdings approximate and updated daily. See live ETF data for current figures.

Ripple Labs

Ripple holds XRP both directly and in escrow. Their escrow holdings (~34B XRP) are the largest single concentration of XRP, though these are released on a predetermined schedule.

Exchanges

Major cryptocurrency exchanges hold substantial XRP to facilitate trading. While not "treasury" in the corporate sense, these holdings affect available supply. Exchange balances have been declining as more XRP moves to self-custody and institutional products.

ETF Issuer Holdings Deep Dive

ETF issuers are now among the largest institutional holders of XRP. Here's how their holdings work:

How ETFs Accumulate XRP

When investors buy ETF shares, the issuer uses that money to purchase XRP on the open market. The ETF structure requires holding actual XRP (or derivatives representing XRP) equal to the fund's net asset value.

Custody Arrangements

Most XRP ETFs use institutional-grade custody through providers like Coinbase Custody, BitGo, or Anchorage. The XRP is held in secure, insured cold storage with multi-signature controls.

Why ETF Holdings Matter

ETF holdings create "sticky" demand for XRP. Unlike traders who might sell at any moment, ETF XRP is locked up as long as investors hold shares. Growing ETF AUM directly translates to reduced circulating supply.

Track ETF AUM in Real-Time →

Ripple Escrow Explained

The largest single XRP holding is Ripple's escrow—approximately 34 billion XRP locked in a cryptographic escrow system on the XRP Ledger itself.

How Escrow Works

In 2017, Ripple placed 55 billion XRP into 55 escrow contracts, each releasing 1 billion XRP monthly. This was done to provide supply predictability and address concerns about Ripple "dumping" XRP on the market.

• Release Schedule: Up to 1 billion XRP becomes available on the 1st of each month.
• Unused XRP: Any XRP not used returns to escrow at the end of the queue.
• Transparency: All escrow transactions are visible on the public ledger.

Current Escrow Status

As of 2026, approximately 34 billion XRP remains in escrow. Ripple typically uses only a fraction of the monthly release for partnerships, sales, and operations. The majority returns to escrow.

XRP vs Bitcoin Treasury Strategy

MicroStrategy popularized corporate Bitcoin holdings. How does an XRP treasury compare?

Key Differences

Why Not Both?

Some institutions hold both Bitcoin and XRP. Bitcoin serves as "digital gold" for wealth preservation, while XRP provides utility for operations and XRPL ecosystem participation. The assets serve different purposes in a diversified digital treasury.

Track Treasury Data Live

XRP Radar tracks all major XRP holdings categories:

• ETF holdings with daily updates
• Corporate treasury positions
• Escrow balances and release schedules
• Exchange holdings trends
• DeFi and RWA locked XRP

View Treasury Data on XRP Radar →

Frequently Asked Questions

Which companies hold XRP on their balance sheet?

The largest institutional XRP holders are ETF issuers: Canary Capital, Bitwise, Grayscale, Franklin Templeton, 21Shares, and REX-Osprey. Ripple Labs holds the most through escrow. Various tech companies and payment processors also hold XRP for operational purposes.

How much XRP do all ETFs hold combined?

As of January 2026, XRP ETFs collectively hold over 700 million XRP, worth approximately $1.6 billion. This number grows daily as ETF inflows continue. Track the exact amount on our live dashboard.

Is Ripple escrow the same as treasury holdings?

Not exactly. Escrow XRP is cryptographically locked and released on a schedule—Ripple cannot access it early. Treasury holdings typically refer to XRP that companies can use freely. However, both reduce circulating supply.

Why is tracking XRP holdings important?

Treasury holdings directly affect XRP supply dynamics. When institutions accumulate XRP (through ETFs, direct holdings, or escrow), less XRP is available for trading. Understanding these flows helps investors assess market conditions.

Where does the XRP for ETFs come from?

ETF issuers purchase XRP on the open market from exchanges, OTC desks, or directly from Ripple. This buying pressure during ETF launches contributed to XRP's price appreciation in late 2025.

The Bottom Line

Corporate XRP treasury holdings are growing. ETFs have become the largest institutional accumulation vehicle, while Ripple's escrow provides supply predictability. As more institutions add XRP to their balance sheets, the available supply continues to shrink.

Track these dynamics in real-time on XRP Radar and monitor how institutional accumulation affects the market.

Disclaimer: This article is for educational purposes only and does not constitute financial advice. Holdings data is approximate and subject to change. Always verify with official sources.