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Ripple CEO highlights $11B gold transfer to show blockchain can speed asset ownership without moving gold.

Protocol Fundamentals
05 Sep 2026
Coinpaper
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Bullish
Ripple CEO highlights $11B gold transfer to show blockchain can speed asset ownership without moving gold.

De Nederlandsche Bank recently relocated about 86 tonnes of gold from North America to London, but most of it was transferred by selling in New York and repurchasing in London, rather than physically moving the gold. Ripple CEO Brad Garlinghouse uses this $11 billion gold shuffle to argue that blockchain technology, like the XRP Ledger, can make asset ownership transfers faster by tokenizing assets, allowing ownership to change without moving the physical asset. Tokenized gold on the XRP Ledger has already seen over $1 million in trading volume, demonstrating a faster, programmable settlement layer compared to traditional methods that require physical custody and multiple intermediaries. This example shows how traditional finance already operates economically without moving assets, and tokenization aims to improve speed and efficiency.

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