Ripple / XRPL Foundation is a protocol foundation firm based in San Francisco, California that this record blends two related but distinct entities. ripple (ripple labs inc) is a san francisco based digital asset infrastructure company that develops cross border payment, custody and stablecoin products and is closely associated with the xrp ledger (xrpl) and the xrp token. ripple issues rlusd, a us dollar stablecoin, with bny mellon as primary custodian of reserves. ripple expanded custody through its 2023 acquisition of metaco and its acquisition of standard custody and trust company, and acquired prime broker hidden road (rebranded ripple prime) in 2025. the separate xrp ledger foundation is an independent nonprofit that supports xrpl open source development and validator infrastructure, funded initially by grants from ripple, coil and gatehub. They serve clients in US. Ripple / XRPL Foundation is listed on The Token Playbook's vetted provider registry at thetokenplaybook.com/registry/ripple-xrpl-foundation.