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Reading: Ripple’s CTO Confirms Banks Are Integrating XRP for Payments, Plans for Full Adoption on XRP Ledger
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XRP

Ripple’s CTO Confirms Banks Are Integrating XRP for Payments, Plans for Full Adoption on XRP Ledger

News Desk
Last updated: September 21, 2025 10:03 pm
News Desk
Published: September 21, 2025
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In a significant development for the cryptocurrency landscape, Ripple’s Chief Technology Officer announced that several banks are progressively adopting XRP for payment solutions, including one bank that plans to operate entirely on the XRP Ledger. This news arrives as Ripple actively pursues a New York banking charter and a Federal Reserve master account, with intentions to comply with the widely used ISO 20022 messaging standards among major financial institutions. These strategic moves are intended to enhance the functionality of XRP for large-scale settlement processes.

Reports indicate that this week marked a milestone between DBS Bank and Franklin Templeton, who signed a memorandum of understanding to collaborate on tokenized trading and lending products. Franklin Templeton is set to launch its sgBENJI— a US dollar money market fund token— on the DBS Digital Exchange. Furthermore, Ripple’s RLUSD stablecoin is facilitating trading activity, boasting an estimated valuation of nearly $730 million. DBS is additionally evaluating the use of sgBENJI as repo collateral, which would further streamline liquidity for tokenized assets. Lim Wee Kian of DBS emphasized that this initiative represents a significant progression toward delivering institutional-level digital asset services.

Ripple’s CTO, Nigel Khakoo, highlighted that the existing system simplifies the transition between stablecoins and yield-generating tokens in a unified framework. Franklin Templeton specifically chose the XRP Ledger for its cost-effectiveness and speed, viewing it as essential for scaling tokenized securities. Institutional dynamics are reinforced by reports identifying BNY Mellon as the custodian for reserves backing the RLUSD stablecoin.

The growing traction of the XRP token coincides with a favorable shift in legal and regulatory landscapes in the United States, following Ripple’s prolonged engagement with the SEC. Moreover, over 20 spot XRP ETFs are reportedly under consideration, potentially attracting substantial institutional investment into the cryptocurrency market. The Depository Trust & Clearing Corporation, managing settlements amounting to approximately $4 quadrillion annually, has also noted tokenization in its future plans, hinting at transformative changes to back-office operations if tokenized settlement methods see widespread adoption.

While optimism surrounds these advancements, industry insiders caution about a gradual pace of integration. Early-stage testing and thorough compliance measures are currently in progress. Experts underscore that the combination of custody solutions, stablecoins, and ledger-based settlement promises to unlock trillions of dollars in financial flows if tokenization can gain traction. However, they also stress that large-scale adoption will necessitate time and meticulous risk management.

Market speculation regarding XRP’s price has intensified, with the token currently trading around $2.8. Since late 2024, XRP saw a nearly 600% rise, prompting analysts to project potential price targets ranging from $50 to as high as $1,000. Some enthusiastic voices in the community even speculate about the possibility of XRP reaching $10,000, reflecting a blend of bullish sentiment amid tangible technical and regulatory advancements.

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