Toronto fintech Rail has been acquired by Ripple for $275 million, the firms announced today. Ripple, a San Francisco-based blockchain company, will integrate Rail’s stablecoin-powered infrastructure to enhance its global payment capabilities.
Rail specializes in virtual accounts and back-office automation for international B2B payments. CEO Bhanu Kohli says the combined firm will offer faster, compliant, and seamless cross-border settlement. Rail expects to process over 10% of the $36B global B2B stablecoin market in 2025. The acquisition awaits regulatory approval and is slated to close in Q4 2025.
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