Ripple’s institutional arm, Ripple Prime, has quietly moved into the heart of Wall Street infrastructure after being named a partner in the Depository Trust & Clearing Corporation’s (DTCC) tokenization working group, industry observers say.
What happened
- The DTCC — which settles about $114 trillion in transactions annually — confirmed Ripple Prime among more than 50 firms joining its tokenization initiative. Other members include BlackRock, Goldman Sachs and JPMorgan.
- The DTCC plans a pilot for production trades of tokenized real-world assets (RWA) in July 2026, with a full service launch targeted for October 2026.
Why it matters
Crypto commentator Bank XRP highlighted the significance on X, calling Ripple “inside Wall Street’s core infrastructure.” The DTCC tie-up signals expanding institutional acceptance of tokenization and, specifically, of tools built on the XRP ecosystem.
Market and ecosystem context
- Crypto analyst ChartNerd said the DTCC partnership is bullish for XRP, noting in an X post that Ripple Prime operates across all U.S. states and that the prime brokerage now enables clients to use XRP and RLUSD. According to ChartNerd, Ripple Prime leverages those assets for trading, collateral and post-trade settlement.
- Tokenization activity on the XRP Ledger is also ramping up. Data from RWA.xyz shows total RWA value on XRPL has surpassed $4 billion — up more than 10% in the past 30 days — while RWA holder counts, stablecoin market cap, stablecoin holders and stablecoin transaction volume have also climbed over the same period.
How banks are positioning themselves
X Finance Bull pointed out the broader payments picture: big banks aren’t picking sides between legacy rails and blockchain — they’re running both. Bank of America, for example, is expanding cross-border payments via SWIFT while also being listed as a RippleNet member, having sat on Ripple’s Governance Committee and holding XRP exposure via the Volatility Shares XRP ETF. SWIFT offers broad global messaging reach (over 11,000 institutions), while RippleNet and on-demand liquidity via XRP aim to deliver faster, cheaper settlement where capital efficiency matters.
Price snapshot
At the time of reporting, XRP was trading around $1.15, up on the day, per CoinMarketCap.
Bottom line
The DTCC’s inclusion of Ripple Prime in its tokenization working group is a notable institutional nod for the XRP-linked stack and the broader tokenization movement. With a DTCC pilot slated for mid-2026 and XRPL activity on the rise, the integration of blockchain-native settlement tools into traditional financial plumbing appears to be accelerating.
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