Ripple and DXC Technology have partnered to develop a cryptocurrency custody framework for banks, while RLUSD reached a market Capital of $1.4 billion and was listed on Binance.
DXC Technology, a global provider of software services for organizations, has announced a strategic alliance with Ripple , a FinTech company offering cryptocurrency-based payment solutions for businesses. The two companies aim to develop deployment frameworks to enable banking institutions to enter the digital asset space in a systematic and secure manner.
According to a joint press release , the two companies aim to promote the adoption of crypto asset custody and payment solutions at the institutional level for banking institutions. DXC and Ripple also aim to help financial institutions and fintech companies access blockchain technology securely, as part of a broader initiative to connect legacy financial systems with on-chain decentralized finance.
As part of the collaboration, Ripple will leverage DXC's Hogan core banking platform, combined with its own digital asset custody and payment technologies, to enable large-scale use of crypto assets in banking environments. The partnership will provide Hogan users with a streamlined roadmap for deploying digital custody and payment capabilities without fundamentally altering existing infrastructure.
Connecting digital assets to the core banking system.
Sandeep Bhanote, Global Head and General Manager of Financial Services at DXC, stated that seamless custody and payment capabilities are key to connecting digital assets with mainstream financial frameworks. He emphasized that the collaboration between DXC and Ripple aims to bring crypto asset capabilities into mainstream finance, enabling banks to participate in crypto assets without jeopardizing their core operational systems.
Joanie Xie, Vice President and Managing Director for North America at Ripple, said banks are under increasing pressure to adopt modern infrastructure while maintaining complex and operational traditional Capital frameworks. She believes this partnership brings digital asset custody, RLUSD, and direct payments into core banking environments that Capital already trust, enabling banks to deliver secure, compliant digital asset use cases at enterprise scale without disruption.
The information comes after Binance listed Ripple's RLUSD stablecoin on its markets on January 21st. This stablecoin initially traded as an ERC-20 Token in pairs with USDT and XRP, while the exchange plans to add the XRPL network, the native network of RLUSD. RLUSD's market Capital has increased significantly since last year, reaching a new peak of $1.4 billion according to data from Coingecko. RLUSD markets opened on Binance on January 22nd, with initial trading starting on a deposit-only basis.
The Ripple-DXC partnership emerges amid growing uncertainty in the cryptocurrency industry. Despite Bitcoin falling below $90,000, Ripple CEO Brad Garlinghouse believes the cryptocurrency market will recover and predicts 2026 will be the best-performing year in the sector's history. In an interview, Garlinghouse cited regulatory reforms and institutional Capital inflows as key drivers of this anticipated growth.
Despite the optimism, Bitcoin recorded a total liquidation value of $426.06 million in the past 24 hours, while the entire cryptocurrency market saw $1.01 billion liquidated due to increased uncertainty surrounding Greenland between the US and the European Union, according to data from Coinglass.
However, President Trump called for a more diplomatic approach at the World Economic Forum on January 21, stating that he would not use force to take over the Arctic island and that a framework agreement had been reached between the US and NATO leaders.
