Ripple is expanding its presence in the financial sector as more banks and asset managers adopt blockchain technology. At the same time, developers are rolling out new XRP Ledger features designed to support institutional payments, tokenized assets, and digital finance.
Which Financial Institutions Are Working With Ripple?
According to Bitwise’s Q3 2026 Crypto Market Review, about 79% of the major financial institutions tracked in the report have partnerships, pilot programs, or other business connections with Ripple or XRP.
These institutions include:
- Bank of America
- BlackRock
- BNY Mellon
- Citigroup
- Deutsche Bank
- Goldman Sachs
- HSBC
- JPMorgan Chase
- Mastercard
- UBS
- Visa
- Wells Fargo
The report also noted that BNY Mellon is the primary custodian for Ripple’s RLUSD stablecoin and also provides custody services for the Bitwise XRP ETF.
How Is the XRP Ledger Being Used?
Ripple is working with JPMorgan, Mastercard, and Ondo Finance on projects involving tokenized U.S. Treasury assets using the XRP Ledger.
The report also said Mastercard is exploring payment and settlement systems that use both RLUSD and the XRP Ledger.
In addition, several global banks, including Santander, Standard Chartered, SBI Holdings, and CIBC, continue to use RippleNet for cross-border payment services.
What New Features Are Coming to the XRP Ledger?
Developers are preparing several updates that aim to make the XRP Ledger more useful for businesses and financial institutions.
The planned features include:
- Batch transactions to process multiple transactions at once.
- Confidential transfers to keep transaction amounts private while meeting regulatory requirements.
- Sponsored fees that allow businesses to pay network fees for customers.
- Permission delegation to give employees limited account access without sharing full wallet control.
- Dynamic multi-purpose tokens with customizable settings.
- Performance improvements to reduce memory usage and improve network efficiency.
These updates are designed to support tokenized assets, business payments, and enterprise blockchain applications.
Ripple Proposes Lending on the XRP Ledger
Ripple has also proposed a lending framework for the XRP Ledger.
If approved, the system would allow financial institutions to borrow against tokenized assets. It would also automate loan repayments, interest payments, and default management using blockchain technology.
The proposal is part of Ripple’s broader effort to expand the XRP Ledger beyond payments into lending and other financial services.
