Ripple is currently holding a significant amount of XRP, exceeding previous levels. Recent data indicates a substantial increase in the company’s accessible XRP holdings.

XRP Holdings Exceed Last Year’s Average

According to data shared by the @XRPwallets account on X (formerly Twitter), Ripple held between 4.968 billion and 5.08 billion XRP in March, prior to the latest escrow unlock. This represents a higher amount than the company held during the same period last year.

Escrow Unlock and Subsequent Locking

On April 1st, Ripple conducted a scheduled release from escrow, unlocking 1 billion XRP, valued at $1.34 billion at the time. These monthly unlocks have been occurring regularly since 2018, when Ripple initially locked 55 billion XRP into cryptographic escrow accounts.

Following the release, Ripple locked 700 million XRP back into escrow on April 2nd, in two transactions of 500 million and 200 million XRP respectively. This process is standard practice for the company.

Ripple Treasury and GTreasury Integration

Brad Garlinghouse, CEO of Ripple, announced the integration of GTreasury’s treasury management software into Ripple Treasury. He stated this integration will provide a trusted, regulated entry point for corporations and streamline workflows for financial institutions already using Ripple’s services.

Benefits of the Integration

  • Reduced friction between managing different accounts.
  • Easier integration of fiat and digital asset accounts.

Record Payment Volumes

Garlinghouse highlighted Ripple’s success in facilitating institutional payments, noting that the company processed $13 trillion in payments in 2023. He anticipates surpassing this record in 2024 with the addition of native digital asset capabilities.

Addressing Criticism

Garlinghouse also responded to a recent claim by Emin Gün Sirer, founder of Avalanche, questioning Ripple’s banking partnerships. He pointed out that both Ripple and Avalanche are actively collaborating with major financial institutions, including Santander and SBI Holdings (Ripple), and J.P. Morgan and Citi (Avalanche).