Uphold Holds $4.644 Billion in XRP, Surpassing Ripple's Holdings

Uphold, a U.S.-based digital asset platform, recently disclosed that it holds the largest amount of XRP, revealing that it possesses $4.644 billion worth of the cryptocurrency. This revelation came after members of the XRP community identified Uphold as the controller of the wallet with the largest XRP balance. Uphold shared an image of its total XRP holdings, which surpassed the $3.7 billion held in the wallet that initially drew community attention.

Uphold's disclosure is part of its commitment to transparency. The platform describes itself as "100%+ reserved," emphasizing that it does not lend customer funds but keeps all assets accessible. Uphold's obligations and assets are visible, subject to routine U.S. state audits, and managed by a team that includes former regulators and prosecutors. Notably, Uphold’s XRP holdings are closely matched by its obligations, maintaining an almost perfect 1:1 reserve ratio.

Uphold's initially reported balance of $3.7 billion placed it above other major exchanges and Ripple, which controlled the fourth and fifth largest wallets in the market with just above $2.6 and $2.4 billion in its wallets, respectively. The company’s statistics also revealed that XRP transactions account for more than 26% of its volume, and over 25 million transactions have been processed on its platform. These figures underscore the level of XRP activity on Uphold and confirm that the exchange serves as a central hub for XRP holders and traders.

Uphold has consistently supported XRP, listing the asset when many other exchanges delisted it because of Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC). Its large holdings have further cemented its commitment to XRP and the XRP community, and this dominant position strengthens overall trust in the asset’s infrastructure. In an evolving regulatory landscape, platforms that maintain full reserves and operate under formal U.S. licensing provide much-needed stability.

Moreover, XRP’s prominence on the platform suggests high user engagement and sustained interest in the token. Given that XRP comprises the largest share of Uphold’s transactions and reserves, this level of adoption sends a clear signal to the broader market about the asset’s relevance and use. The revelation of Uphold's substantial XRP holdings and Ripple's strategic acquisitions highlight the growing institutional interest in XRP. As more financial institutions adopt XRP for their operations, the cryptocurrency's ecosystem is likely to expand, potentially leading to increased long-term value for holders. However, investors should be prepared for volatility and understand that the benefits of these developments may take time to materialize in the form of higher XRP prices.