DXC Technology has announced a strategic partnership with Ripple to integrate digital asset services directly into the core banking systems used by global financial institutions. This agreement allows banks to deploy custody, payment, and transfer of digital assets without altering their existing core infrastructure.
According to DXC, the new solution will be deployed on the Hogan platform – a core banking system currently serving over 300 million bank accounts globally. Through integration with Ripple, banks can offer digital asset custody services, cross-border payments, and Tokenize applications directly within their existing operating systems, instead of having to build their own blockchain infrastructure.
Specifically, the solution includes Ripple Payments for fast, low-cost international transactions and Ripple Custody for managing and securing digital assets according to institutional standards. This combination aims to bridge the gap between traditional banking infrastructure and blockchain technology, while meeting the legal compliance requirements of regulated financial institutions.
