XRP is the native asset of the XRP Ledger, an open-source blockchain engineered by David Schwartz, Jed McCaleb and Arthur Britto for fast, low-cost, energy-efficient value transfer. With typical settlement in a few seconds and minimal fees, it is purpose-built for remittances, institutional payments and deep on-ledger liquidity.

Ripple, co-founded by Chris Larsen and Jed McCaleb, builds enterprise products on top of this infrastructure, while the XRP Ledger itself continues to expand with a native DEX, tokenisation features and emerging programmability such as Hooks and EVM sidechains.