A viral screenshot had fueled speculation that the Depository Trust & Clearing Corporation (DTCC) had officially listed or classified XRP on its platform. However, XRPL validator and researcher Vet has clarified that the claim stems from an AI-generated search response, not from any official DTCC policy.
The confusion arose from a search on the DTCC Learning Center website. Typing "XRP" returned an AI-generated summary titled "XRP Haircut and Classification," which stated that XRP was "classified as a cryptocurrency" and described hypothetical margin haircuts. Vet pointed out that the underlying source cited by the AI does not actually mention XRP. "It does not mention XRP in that source, so the DTCC site, when you search in that category for XRP, it tries to map via AI," he explained. The response included a disclaimer: "Generated content may contain errors. Verify important information."
Vet attributed the AI's behavior to the enterprise search software, Coveo, which triggers answers based on repeated user searches. Massive search volume for XRP in recent weeks led the AI to generate a seemingly relevant answer to avoid leaving users with no result. This, he noted, created the false impression of an official DTCC listing.
The rumor emerged shortly after DTCC announced it had successfully processed live production trades using tokenized securities on its DTC platform, with participation from over 30 traditional financial and digital asset firms, including BlackRock, Goldman Sachs, J.P. Morgan, Nasdaq, Chainlink, and Circle. Notably, Ripple was missing from that pilot's participants list.
