Ripple Taps Into $5 Trillion Banking Pool with Major Partnership

utoday

01/21

DXC Technology (NYSE: DXC) has announced a high-profile partnership with enterprise blockchain company Ripple to embed institutional-grade digital asset capabilities directly into the banking ...

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However, their core systems are often decades old and complex. Hence, DXC and Ripple are providing a \"bridge.\" Banks can get access to digital asset features without disrupting their existing operations.This makes it possible for hundreds of financial institutions to go directly to the phase of real-world deployment after experimenting with the technology. Of course, the sheer scale of DXC’s client base presents a significant opportunity for Ripple. Because of this partnership, various banks will be able to offer digital asset custody, programmable payments, and the tokenization of real-world assets (RWAs).Other recent partnerships The San Francisco-based company also recently partnered with LMAX Group, which is a leading institutional exchange for FX and crypto.LMAX agreed to integrate Ripple’s stablecoin, RLUSD, as a \"core collateral asset.\" Last year, Ripple also scored an agreement with BBVA, one of the largest banking groups in the world. The deal focused on providing digital asset custody infrastructure.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}