The $XRP Ledger (XRPL) has received a notable mention from asset manager VanEck as part of its outlook for the corporate blockchain market.
Specifically, VanEck identified the network as a contender across three financial sectors representing a combined $45 billion in annual revenue opportunities by 2030.
In a report titled The Rise of Corporate Blockchains, VanEck researchers Matthew Sigel and Patrick Bush listed XRPL alongside institutional blockchain networks including JPMorgan’s Kinexys, Fnality and Tempo in cross-border payments. They also name it in collateral, settlement, and securitization.
$20B Cross-Border Payments Opportunity
VanEck estimates that cross-border payments could represent a $20 billion annual revenue opportunity by 2030.
The report identifies SWIFT and traditional banks as the legacy incumbents. Meanwhile, Ethereum, Tron, and Base are among the public-chain challengers. On the corporate and permissioned side, VanEck lists Kinexys, Fnality, Tempo, and $XRP Ledger.
The opportunity is based on an estimated $7.5 trillion in daily foreign-exchange volume. VanEck assumes 5%-10% of the market moves onchain and a 5-10 basis-point take rate.
$10B Settlement Market
VanEck also places XRPL in the corporate blockchain landscape for collateral and settlement. It estimates this area could generate $10 billion in annual revenue by 2030.
Notably, XRPL appears alongside Canton and Kinexys. Meanwhile, VanEck listed Ethereum, Base, and BUIDL as public-chain challengers to traditional infrastructure such as DTCC, LCH, and Euroclear.
The research estimates that approximately $2.3 quadrillion is settled through the market, with around $5 trillion potentially moving onchain and a projected 10-30 basis-point take rate.
XRPL Also Appears in $15B Securitization Market
The third opportunity VanEck highlighted is securitization, where it listed XRPL alongside Provenance, represented by FIGR, and Canton.
VanEck estimates this market could generate $15 billion in annual revenue by 2030, based on a projected $3 trillion-$4 trillion securitization market. It sees 10%-20% moving on-chain and take rates ranging from 50 to 300 basis points.
Combined, the three categories in which XRPL appears represent a potential $45 billion in annual revenue opportunities.
Importantly, VanEck does not say that XRPL itself will capture these revenues. Rather, the figures represent the estimated size of the markets in which XRPL is identified as a corporate or permissioned-chain contender.
VanEck’s Bigger Blockchain View
Meanwhile, VanEck says more companies are creating their own blockchain systems instead of relying on public blockchains. This could help them save money on transaction and settlement fees.
The firm estimates that corporate blockchains could generate more than $60 billion in annual revenue by 2030. Key drivers include faster transactions, regulated stablecoins, and growing links between digital assets and the Federal Reserve’s banking system.
VanEck also warns that public blockchains could lose value if they don’t develop clear ways to make money as more financial activity moves to private, regulated blockchain networks.
