DXC

DXC-Ripple Partnership Brings Digital Assets to Global Banks

DXC Technology partners with Ripple to integrate digital asset custody and payments into core banking platform serving $5T in deposits and 300M accounts globally—bridging traditional finance with blockchain infrastructure.

The Ripple Effect

— 4 min read
DXC-Ripple Partnership Brings Digital Assets to Global Banks

Major core banking provider integrates Ripple's custody and payment technology into platform serving $5 trillion in deposits

DXC Technology announced today a strategic partnership with Ripple to integrate institutional-grade digital asset custody and payment capabilities directly into core banking infrastructure. The collaboration enables financial institutions using DXC's Hogan platform—which powers more than 300 million deposit accounts and over $5 trillion in deposits globally—to offer digital asset services without disrupting their existing systems.

The Partnership Details

According to the official announcement, the integration brings three key Ripple products into the Hogan banking platform:

Ripple Custody - A secure digital asset storage solution designed for banks and financial institutions to manage cryptocurrencies, stablecoins, and Real World Assets (RWAs)

Ripple Payments - A licensed, end-to-end cross-border payment solution that manages fund flows on behalf of customers

RLUSD - Ripple's dollar-backed stablecoin, which can be integrated into payment workflows

The technology allows banks to deliver "programmable payments and the tokenization, custody, and transfer of digital assets" while maintaining their existing core banking operations, according to Sandeep Bhanote, Global Head and General Manager of Financial Services at DXC.

Why This Matters for Banks

Traditional financial institutions face a critical challenge: their customers increasingly want digital asset services, but legacy banking systems weren't designed to handle blockchain technology. Previous solutions typically required banks to build separate infrastructure or partner with third-party providers, creating operational complexity and potential security vulnerabilities.

This partnership addresses that friction point. As Joanie Xie, VP and Managing Director for North America at Ripple, stated: "Our partnership with DXC brings digital asset custody, RLUSD and payments directly into the core banking environments institutions already trust. Together, we're enabling banks to deliver secure, compliant digital asset use cases at enterprise scale without disruption."

The Hogan platform's massive scale—serving hundreds of millions of accounts across multiple continents—means this integration could potentially give a significant portion of the global banking system streamlined access to institutional-grade blockchain infrastructure.

XRP and Ripple-Specific Implications

What This Partnership Confirms

The announcement focuses on enterprise blockchain infrastructure and does not make specific claims about XRP, the cryptocurrency associated with Ripple. However, several confirmed elements merit attention:

  1. Ripple Payments Integration: The partnership explicitly includes Ripple's licensed payment solution, which in other implementations has utilized XRP for liquidity in cross-border transactions. The announcement does not specify whether the Hogan integration will include XRP-based payment rails.
  2. RLUSD Deployment: The integration specifically mentions RLUSD, Ripple's USD-backed stablecoin, suggesting banks using this system will have direct access to Ripple's stablecoin infrastructure.
  3. Regulatory Positioning: DXC characterized the solution as enabling "regulated digital asset use cases," reinforcing Ripple's ongoing positioning as a compliance-focused blockchain provider serving traditional finance.

What Remains Speculative

While some observers have suggested this partnership could increase XRP adoption among traditional banks, the official announcement makes no specific claims about XRP integration or usage. Any analysis connecting this partnership to XRP price movements or adoption metrics would be speculative at this stage.

Market analysts will likely watch for follow-up announcements detailing:

  • Whether XRP will be utilized within Ripple Payments workflows for Hogan clients
  • Which specific banks or financial institutions plan to implement these capabilities
  • Timeline for production deployments versus pilot programs
  • Broader Market Context

This partnership arrives as regulatory clarity around digital assets continues to evolve in major markets. Several recent developments provide context:

"For digital assets to move into the financial mainstream, institutions need secure custody and seamless payment capabilities," Bhanote stated. "Our work with Ripple brings those capabilities together in a way that allows banks to engage in the digital asset ecosystem without changing their core systems."

What's Next

The announcement does not specify implementation timelines or identify which Hogan platform clients will be first to deploy these capabilities. DXC and Ripple have not disclosed:

  • Specific financial institutions participating in initial rollouts
  • Revenue-sharing arrangements or business model details
  • Technical specifications for the integration architecture
  • Whether this will be an opt-in feature for Hogan clients or part of standard platform updates

These details will likely emerge as the partnership moves from announcement to production deployment.

Bottom Line

The DXC-Ripple partnership represents tangible infrastructure development rather than speculative positioning. By integrating digital asset capabilities into a core banking platform serving $5 trillion in deposits, the collaboration provides traditional financial institutions with a lower-friction pathway to offer blockchain-based services.

For Ripple specifically, this partnership reinforces its strategy of embedding blockchain technology into existing financial infrastructure rather than requiring institutions to adopt entirely new systems. Whether this translates to increased XRP utilization, RLUSD adoption, or broader market impact will depend on factors not yet disclosed in the announcement—including which banks actually implement these capabilities and how they structure their digital asset offerings.

The key takeaway: This is a significant enterprise blockchain partnership with real-world banking infrastructure, but specific implications for cryptocurrency adoption and market dynamics will become clearer as implementation details emerge.

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