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XRP Ledger gains traction as a settlement network for tokenized assets among major banks and institutions.

Market News
21 Jul 2026
Dailycoin
View Source
Bullish
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XRP Ledger is increasingly viewed as a key settlement platform for tokenized funds as major financial institutions like BNY Mellon, JPMorgan, and Mastercard expand their digital asset operations. A recent report highlights that about 79% of large financial firms have some connection to Ripple or XRP, emphasizing settlement rather than trading as the primary use case. Notable developments include BNY Mellon's custody of Ripple’s RLUSD stablecoin and a 2026 pilot testing tokenized US Treasury redemptions on the XRP Ledger. Proposed upgrades to the XRP Ledger aim to enhance privacy, lending, and institutional controls, supporting its growing role in tokenized asset settlement.

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