Representatives from XRPL Commons say major financial firms including BlackRock and Mastercard have expressed interest in the XRP Ledger (XRPL) and may consider building products on the network. Odelia Torteman, XRPL Commons’ Director of Corporate Adoption, noted the ledger was created to support diverse use cases and already includes enterprise-ready features—such as a pre-built automated market maker (AMM) and decentralized exchange (DEX)—that developers are leveraging as part of an institutional DeFi roadmap to attract large-scale participants.
XRPL Commons and Boundless recently announced the addition of zero-knowledge (ZK) proof capabilities to the ledger. That enhancement aims to add on-chain privacy functionality that proponents say has been a missing element for institutional adoption, potentially making the platform more attractive to regulated firms concerned about confidentiality and compliance.
Both BlackRock and Mastercard already have connections to the broader XRP ecosystem through partnerships involving Ripple. Ripple and Securitize—issuer for BlackRock’s BUIDL fund—teamed up to incorporate RLUSD as a stablecoin off-ramp for the tokenized fund. Separately, Ripple’s collaboration with Mastercard through the Crypto Partner program has included tests of RLUSD on XRPL to enable faster, regulated stablecoin settlement for Mastercard-related transactions.
Ripple’s president, Monica Long, has argued that corporations will drive the next phase of XRPL adoption, using the ledger’s infrastructure for functions such as dollar clearing and internal treasury operations. She emphasized growing interest from firms and banks looking for more efficient, real-time ways to move money between entities globally, and said Ripple’s Treasury product is designed to address those needs.
Ripple has also integrated both XRP and RLUSD into its Treasury management system, allowing institutions to manage payments and settlements using either asset within the same operational environment. Supporters say this simplifies workflows for entities experimenting with tokenized assets and stablecoins.
At the time of writing, CoinMarketCap listed XRP at about $1.42.