Odelia Torteman, Director of Corporate Adoption at XRPL Commons, said BlackRock and Mastercard have shown interest in the XRP Ledger (XRPL) and could consider launching products on the network. She noted XRPL was designed to support multiple use cases and includes pre-embedded, enterprise-ready features—such as a pre-built AMM and DEX—that developers are building on as part of an institutional DeFi roadmap to help onboard such institutions.
XRPL Commons and Boundless announced the addition of zero-knowledge (ZK) proof technology to the ledger, addressing on-chain privacy as a missing piece for institutional adoption and potentially enabling broader uptake.
BlackRock and Mastercard already have ties to the XRP ecosystem via collaborations with Ripple. Ripple and Securitize, issuer for BlackRock’s BUIDL fund, partnered to add RLUSD as a stablecoin off-ramp for the tokenized fund. Ripple’s work with Mastercard under its Crypto Partner program includes testing RLUSD on XRPL to enable faster, regulated stablecoin settlement for Mastercard transactions.
Ripple President Monica Long said companies will drive the next wave of adoption for XRP and XRPL, with partners using its infrastructure for activities like dollar clearing. She highlighted growing use cases in internal treasury management, where firms and banks seek more efficient, real-time ways to move money across entities worldwide, and noted Ripple’s Treasury product addresses that need.
Ripple recently integrated XRP and RLUSD into its Treasury management system, allowing institutions to use both assets within the same environment to manage payments and settlements more efficiently.
At the time of writing, XRP was trading around $1.42, according to CoinMarketCap.
Featured image from Adobe Stock; chart from Tradingview.com.