The XRP Ledger (XRPL) has been identified by asset manager VanEck as a potential contender in the expanding corporate blockchain market, with the network appearing across three financial sectors that the firm estimates could represent a combined $45 billion in annual revenue opportunities by 2030.
The assessment was included in VanEck’s report on the rise of corporate blockchains, authored by researchers Matthew Sigel and Patrick Bush. The research examined how financial institutions are increasingly considering blockchain infrastructure designed for regulated and institutional use rather than relying exclusively on public networks.
VanEck placed XRPL alongside institutional blockchain platforms such as JPMorgan’s Kinexys, Fnality and Tempo in the cross-border payments segment. The network was also identified among contenders in collateral and settlement, as well as securitization.
$20 Billion Cross-Border Payments Opportunity
Cross-border payments represent the largest of the three markets highlighted by VanEck, with the firm estimating a potential $20 billion in annual revenue by 2030.
The research used global foreign-exchange activity as the basis for its estimate. With approximately $7.5 trillion in foreign-exchange transactions taking place each day, VanEck assumed that between 5% and 10% of this activity could eventually move on-chain. A potential take rate of 5 to 10 basis points was then applied to calculate the estimated opportunity.
Traditional banks and SWIFT were identified as the established infrastructure providers, while Ethereum, Tron and Base were cited as public blockchain challengers. On the corporate and permissioned side, VanEck included Kinexys, Fnality, Tempo and XRPL.
The inclusion of XRPL indicates that VanEck sees the network as a potential institutional infrastructure option for financial transactions that migrate to regulated blockchain environments.
Settlement and Collateral Market Could Add $10 Billion
VanEck also identified XRPL in the collateral and settlement market, which it estimates could produce $10 billion in annual revenue opportunities by 2030.
The firm noted that approximately $2.3 quadrillion is settled through financial markets, creating a substantial addressable market for blockchain-based infrastructure. Its model assumes that around $5 trillion of this activity could eventually move on-chain, with take rates ranging from 10 to 30 basis points.
XRPL appears in this category alongside Canton and Kinexys. Public blockchain challengers include Ethereum, Base and BUIDL, while traditional infrastructure providers include DTCC, LCH and Euroclear.
The shift toward blockchain-based settlement could potentially reduce transaction costs while improving processing speed and creating more streamlined mechanisms for transferring collateral and settling financial assets.
XRPL Included in $15 Billion Securitization Opportunity
The third market where XRPL appears is securitization. VanEck listed the network alongside Provenance, represented by FIGR, and Canton in a sector estimated to offer $15 billion in annual revenue opportunities by 2030.
The estimate is based on an expected securitization market of between $3 trillion and $4 trillion. VanEck projected that 10% to 20% of the market could eventually move on-chain, with take rates ranging from 50 to 300 basis points.
Across cross-border payments, settlement and securitization, the markets in which XRPL is identified as a contender represent a combined potential revenue opportunity of $45 billion annually by 2030.
However, VanEck’s figures do not indicate that XRPL itself would capture $45 billion in revenue. Instead, the amount represents the estimated size of the opportunities across markets where the network is considered among potential corporate or permissioned blockchain participants.
Corporate Blockchains Gain Momentum
VanEck expects more companies to develop or adopt dedicated blockchain infrastructure as financial institutions seek greater control over transaction costs, compliance and settlement processes.
The firm estimates that corporate blockchains collectively could generate more than $60 billion in annual revenue by 2030. Faster transaction processing, regulated stablecoins and increasing integration between digital assets and the traditional banking system are expected to support this growth.
At the same time, VanEck cautioned that public blockchains could face pressure if they fail to establish sustainable economic models as financial activity increasingly shifts toward private and regulated blockchain networks.
For XRPL, its appearance across three major financial sectors in VanEck’s research highlights the broader institutional use cases being considered for blockchain infrastructure beyond cryptocurrency trading. The assessment also places the network within a growing competitive landscape involving public blockchains, bank-operated networks and purpose-built institutional platforms.
