TLDR
- Ripple partners with DXC Technology to integrate blockchain solutions into the banking infrastructure.
- The collaboration will enhance DXC’s Hogan banking platform, supporting over $5 trillion in deposits.
- Banks can leverage Ripple’s blockchain technology without disrupting their existing operations.
- Ripple gains access to a vast client base of nearly 6,000 financial institutions worldwide.
- The partnership enables digital asset custody, programmable payments, and tokenization of real-world assets.
DXC Technology, a global leader in IT services, has partnered with Ripple to integrate blockchain capabilities into the banking sector. The collaboration focuses on integrating Ripple’s solutions into DXC’s Hogan banking platform, a legacy system that supports over $5 trillion in deposits across 300 million accounts. This move enables banks to leverage digital asset features without disrupting their core operations, allowing for a smoother transition to blockchain-based solutions.
Ripple Enhances Banking Infrastructure with Blockchain Solutions
Under the new partnership, Ripple’s blockchain solutions will be embedded into DXC’s Hogan banking platform. This platform is crucial to the banking industry, providing infrastructure for financial institutions to manage billions in assets. Ripple’s integration will offer banks access to blockchain technology, including digital asset custody and programmable payments.
This partnership aims to create a seamless bridge for banks to modernize their systems. By embedding Ripple’s blockchain technology into legacy infrastructure, banks can implement cutting-edge solutions while avoiding the complexities of overhauling their entire system. The partnership’s goal is to bring real-world deployment of digital assets to financial institutions.
Leveraging Ripple’s Strength in the Financial Sector
Ripple has secured several key partnerships in the banking and financial sectors, solidifying its position in the industry. The company recently collaborated with LMAX Group, a major FX and crypto exchange, to integrate Ripple’s stablecoin, RLUSD, as a core collateral asset. Ripple’s growing list of institutional clients, including BBVA, further highlights the company’s expanding role in the digital asset space.
The DXC partnership strengthens Ripple’s standing in the financial sector by offering a wider range of banks access to its blockchain technology. By partnering with DXC, Ripple gains access to a vast client base of nearly 6,000 financial institutions worldwide. These institutions can now easily deploy blockchain solutions such as digital asset custody and tokenization of real-world assets.
The strategic partnership between Ripple and DXC Technology is one of several moves Ripple has made to expand its reach. By focusing on partnerships with leading financial service providers, Ripple is positioning itself as a central player in the digital asset market.
These partnerships also help address the banking industry’s growing demand for modern, secure, and scalable solutions. Through this collaboration, Ripple continues to expand its presence in traditional banking, opening up opportunities for a wider range of institutions.
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