Top XRP Holders in 2025: Companies, Individuals, and Entities Owning the Most XRP
XRP ownership in 2025 is heavily concentrated among Ripple Labs, major exchanges, emerging treasury companies, and key individuals. With XRP's total supply capped at 100 billion tokens, approximately 65 billion in circulation (post-burns and escrow releases), and its price around $3 per XRP (based on October 2025 market data from Bloomberg and Cointelegraph), the largest holders—known as "XRP whales"—wield significant influence over liquidity, cross-border payments, and market dynamics. This guide details the top companies, individuals, and entities holding the most XRP, including descriptions, estimated holdings, and their roles in the ecosystem. Ideal for researching XRP treasury strategies, rich lists, or investment trends, this overview uses on-chain data from XRPScan, Arkham Intelligence, and public disclosures as of October 2025.
Categories include escrow and protocol holdings, public companies (treasuries), private entities and exchanges, ETFs and funds, governments, and individuals. Holdings are estimates; exchange figures often include user-custodial assets. XRP's ledger (XRPL) emphasizes fast settlements over staking, so no major staking contracts exist like in Ethereum or Solana.
Major XRP Escrow and Protocol Holdings
Ripple's escrow system locks up XRP to prevent dumping, releasing 1 billion monthly (often relocked). This dominates supply control.
| Rank | Entity/Address | XRP Held | Approx. Value (USD) | % of Total Supply |
|---|---|---|---|---|
| 1 | Ripple Escrow (Multiple Addresses) | 35,040,308,690 | $105.1 billion | 35.04% |
| 2 | Ripple Labs Wallets (Non-Escrow) | 4,740,000,000 | $14.2 billion | 4.74% |
| 3 | XRPL Foundation Reserves | ~500,000,000 | $1.5 billion | 0.50% |
- Ripple Escrow: Managed by Ripple Labs, this holds ~35 billion XRP across addresses like rB3WNZc45gxzW31zxfXdkx8HusAhoqscPn. Releases 1B XRP monthly for ecosystem development, with unused portions relocked. As of October 2025, escrow balances reflect controlled supply to stabilize markets.
- Ripple Labs Wallets: Non-escrow holdings for operations, grants, and sales. Total ~4.74B XRP as of July 2025, with recent moves like 220M XRP to new wallets amid treasury initiatives.
- XRPL Foundation Reserves: Supports decentralized ledger development; holds reserves for grants and stability.
Top Public Companies Holding XRP as Treasury Assets
Inspired by Bitcoin treasuries, 2025 saw a surge in XRP corporate holdings for cross-border efficiency and hedging. Evernorth leads post-SPAC.
| Rank | Company Name | XRP Held (Est.) | Approx. Value (USD) | % of Total Supply |
|---|---|---|---|---|
| 1 | Evernorth (Ripple-Backed) | 333,333,333+ (Planned) | $1 billion+ | 0.33%+ |
| 2 | Trident Digital Tech Holdings | 166,666,667 | $500 million | 0.17% |
| 3 | Webus International | 100,000,000 | $300 million | 0.10% |
| 4 | VivoPower International PLC | 33,333,333 | $100 million | 0.03% |
| 5 | Nature's Miracle Holding Inc. | 6,666,667 | $20 million | 0.01% |
- Evernorth: Ripple-backed treasury firm raising $1B+ via SPAC to build the largest public XRP treasury. Set to list on Nasdaq in Q1 2026; backed by SBI Holdings ($200M) and Ripple executives.
- Trident Digital Tech Holdings: Allocates $500M to XRP for treasury diversification and blockchain integration.
- Webus International: $300M mandate for XRP holdings, focusing on international payments.
- VivoPower International PLC: $100M in XRP for sustainable energy and crypto synergies.
- Nature's Miracle Holding Inc.: $20M allocation to XRP as part of crypto treasury strategy.
Top Exchanges and Private Entities Custodying XRP
Exchanges hold vast XRP, mostly for users, supporting liquidity on XRPL.
| Rank | Exchange/Entity | XRP Held | Approx. Value (USD) | % of Total Supply |
|---|---|---|---|---|
| 1 | Upbit | 6,100,000,000 | $18.3 billion | 6.10% |
| 2 | Binance | 1,853,000,000 | $5.6 billion | 1.85% |
| 3 | Bithumb | 1,638,000,000 | $4.9 billion | 1.64% |
| 4 | Uphold | 1,579,000,000 | $4.7 billion | 1.58% |
| 5 | SBI Holdings | 500,000,000+ | $1.5 billion+ | 0.50%+ |
- Upbit: Korean exchange leading XRP custody with ~6B XRP across wallets; recently added 200M+.
- Binance: Global leader with 1.85B XRP; supports trading and staking-like yields.
- Bithumb: Another Korean powerhouse with 1.64B XRP.
- Uphold: U.S.-friendly exchange with 1.58B XRP; praised for not delisting during SEC lawsuit.
- SBI Holdings: Japanese financial giant; holds XRP for payments and invests in treasuries like Evernorth.
Top XRP ETFs and Funds
XRP ETFs launched in 2025, starting with futures-based, spot approvals pending. Holdings are growing amid ETF hype.
| Rank | ETF/Fund Name | XRP Held (Est.) | Approx. Value (USD) | % of Total Supply |
|---|---|---|---|---|
| 1 | Grayscale XRP Trust (GSRP) | 100,000,000+ | $300 million+ | 0.10%+ |
| 2 | Volatility Shares XRPI | 50,000,000+ | $150 million+ | 0.05%+ |
| 3 | REX-Osprey XRP ETF (XRPR) | 33,333,333+ | $100 million+ | 0.03%+ |
| 4 | ProShares Ultra XRP (UXRP) | Futures-Based (Equiv. 20M) | $60 million | 0.02% |
| 5 | WisdomTree XRP Fund | 16,666,667+ | $50 million+ | 0.02%+ |
- Grayscale XRP Trust (GSRP): Provides exposure to XRP; converted to ETF in 2025.
- Volatility Shares XRPI: 1:1 spot-like exposure.
- REX-Osprey XRP ETF (XRPR): Focuses on XRP for payments.
- ProShares Ultra XRP (UXRP): 2x leveraged futures ETF, launched July 2025.
- WisdomTree XRP Fund: Institutional access to XRP.
Top Governments Holding XRP
Government holdings are limited, mainly from seizures. No official reserves, but discussions on crypto reserves include XRP.
| Rank | Government | XRP Held (Est.) | Approx. Value (USD) | % of Total Supply |
|---|---|---|---|---|
| 1 | United States | 50,000,000+ (Seized) | $150 million+ | 0.05%+ |
| 2 | China | Minimal | N/A | <0.01% |
| 3 | Others (e.g., UK) | Negligible | N/A | <0.01% |
- United States: Seized in cases like BTC/XRP mixes ($15B total crypto); no national reserve yet.
- China: Potential from scams, but unclear.
Top Individuals Holding XRP
Founders and early adopters hold significant stakes.
| Rank | Individual Name | XRP Held | Approx. Value (USD) | Description |
|---|---|---|---|---|
| 1 | Chris Larsen | 5,000,000,000+ | $15 billion+ | Ripple co-founder; ~ half his $9.2B fortune in XRP. |
| 2 | Brad Garlinghouse | 2,000,000,000+ | $6 billion+ | Ripple CEO; 6.3% Ripple stake + personal XRP. |
| 3 | Jed McCaleb | 500,000,000+ (Remaining) | $1.5 billion+ | Former co-founder; sold most, but retains some. |
| 4 | Anonymous Whales | 100,000,000+ | $300 million+ | Unidentified large holders from early days. |
- Chris Larsen: Ripple executive chairman; holds over 5B XRP, recently offloaded $200M.
- Brad Garlinghouse: CEO with billions in XRP; net worth $9-10B.
- Jed McCaleb: Sold billions but holds remnants.
- Anonymous Whales: Tracked via XRPScan; top non-exchange wallets hold 100M+.
XRP's concentration (top 100 hold ~53% of supply) fuels debates on centralization but supports efficient payments. Wallets with 10K+ XRP hit ATH at 317K+, signaling accumulation. Treasuries and ETFs could drive adoption. Track via XRPScan or CoinCodex for updates. For more on XRP in 2025, explore ETF approvals or escrow releases.