Ripple has entered a major strategic partnership with Fortune 500 company DXC Technology to embed institutional-grade digital asset capabilities directly into the global banking infrastructure. The alliance will see Ripple's blockchain solutions integrated into DXC's Hogan core banking platform, a legacy system that supports over $5 trillion in deposits and 300 million accounts worldwide.
The partnership aims to provide a framework for banking institutions to adopt crypto custody and payment solutions at scale. DXC, which serves nearly 6,000 private and public sector clients across dozens of countries, will leverage Ripple's technology to enable banks to offer digital asset custody, programmable payments, and real-world asset (RWA) tokenization without disrupting their existing, often decades-old, core operations.
Sandeep Bhanote, Global Head of Financial Services at DXC, stated that custody and seamless payment capabilities are vital for bridging digital assets with mainstream finance. Joanie Xie, VP and Managing Director for North America at Ripple, emphasized that the collaboration "brings digital asset custody, RLUSD, and payments directly into the core banking environments institutions already trust," enabling secure and compliant digital asset use cases at enterprise scale.
This development follows other recent Ripple institutional partnerships, including one with LMAX Group, which agreed to integrate Ripple's stablecoin, RLUSD, as a "core collateral asset," and a prior agreement with global banking giant BBVA for digital asset custody infrastructure.
The news coincides with Binance's listing of Ripple's stablecoin, RLUSD, for deposits and trading. RLUSD, which will initially trade as an ERC-20 token in pairs with USDT and XRP, has seen its market cap grow significantly, reaching a new high of $1.4 billion.
