XRP Ledger strengthens role as key settlement platform for tokenized assets backed by major institutions

1. 79% of large financial firms are connected to Ripple or XRP, mainly using it for settlement, not trading Newsworthy Reliable Very positive
2. BNY Mellon holds custody of Ripple’s RLUSD stablecoin as part of expanding digital asset operations Newsworthy Reliable Very positive
3. A pilot program in 2026 will test tokenized US Treasury redemptions on the XRP Ledger Relevant Reliable Very positive
4. Proposed XRP Ledger upgrades aim to improve privacy, lending, and institutional controls Relevant Reliable Very positive
5. Major financial institutions like JPMorgan and Mastercard are expanding their digital asset activities using XRP Ledger Relevant Reliable Very positive
6. Settlement is identified as the primary use case for XRP Ledger among large financial firms instead of trading Relevant Reliable Very positive

Type: standard news · Analysis confidence: 95%

Used in syntheses

• XRP price rises 5% toward $1.15 resistance with derivatives open interest near $2.4B • Ripple to release 1B XRP from escrow August 1 mostly re-locked • Institutional use of XRP Ledger grows with upgrades • Trading volumes fall sharply in South Korea and Binance amid cautious sentiment • Ripple revenue triples YoY as RLUSD stablecoin gains • Price outlook hinges on US regulatory clarity and ETF demand