Paxos Crypto Brokerage adds XRP trading and custody for institutional partners

Paxos has added XRP to its Crypto Brokerage platform. Financial institutions that partner with the company can now trade and use the token through Paxos’ regulated infrastructure.

The integration took effect on October 7, 2026. For a token that has been around since 2012, the institutional on-ramp keeps getting wider, one regulated door at a time.

What Paxos is actually offering

The move gives Paxos’ financial partners a compliant route into one of the most widely held digital assets on the market. Documentation on the Paxos website confirms XRP will be available for both trading and custody.

XRP is no niche token. It carried a market capitalization of nearly $95 billion at the time of the announcement and is held in over 8.1 million wallets.

Those figures help explain the choice. Paxos has said it is focused on high-demand assets, and a token with that kind of footprint fits the brief.

A roster that has more than doubled

XRP is one piece of a larger expansion. Paxos started 2026 supporting 12 assets on its brokerage platform. That roster has since grown to somewhere between 25 and 29 assets.

The company has framed the growth as selective rather than sprawling. Paxos has been picking high-demand Level 1 assets, and each addition has to clear the compliance bar that comes with its regulatory status.

That status is the key detail. Paxos operates as a national trust bank under the oversight of the Office of the Comptroller of the Currency, the US regulator that charters and supervises national banks.

Why the regulated wrapper is the real product

Plenty of platforms list XRP. Retail exchanges have offered it for years. What Paxos sells is something different: the regulatory wrapper around the asset.

For a bank, broker, or fintech that wants to offer crypto to its own customers, the hard part is rarely the token itself. The hard part is finding an infrastructure partner that regulators will not frown at.

That is the gap Paxos is trying to fill. Its partners plug into the brokerage platform and inherit the compliance work Paxos has already done. Adding XRP extends that arrangement to one more major asset.

What this means for institutions and the market

The most direct impact lands on Paxos’ financial institution partners. They can now offer XRP exposure without building separate infrastructure or finding a second provider for one token.

The research behind the announcement suggests broader effects as well. The addition signals growing acceptance of prominent digital assets like XRP within traditional financial services, and it could potentially improve liquidity and price stability for such assets.

There is also a possible retail spillover. XRP’s inclusion may attract retail investors who prefer regulated environments, reaching them indirectly through the institutions that partner with Paxos.