#USA #DXC Technology #Ashburn, Virginia #Ripple #Crypto Solutions

DXC Technology Partners with Ripple

DXC Technology (NYSE: DXC) has announced a significant strategic partnership with Ripple, an innovative financial technology company specializing in crypto solutions for enterprises. This collaboration aims to deliver scalable digital asset custody and payment solutions to global banks, providing them with the ability to adapt in an ever-changing financial landscape.

As financial institutions face immense pressure to modernize their operations while navigating complex infrastructures, the integration of blockchain technology into traditional banking systems has become paramount. With this partnership, DXC seeks to seamlessly connect banks with blockchain-based corporate solutions, facilitating the introduction of digital assets without disrupting their core banking infrastructure.

Bridging the Gap between Tradition and Innovation

The initiative incorporates Ripple's cutting-edge technology into DXC’s core banking platform, Hogan, which currently manages deposits exceeding $5 trillion across more than 300 million accounts globally. By harnessing this system, financial institutions can leverage programmable payments and the tokenization, custody, and transfer of digital assets. This capacity addresses the need for regulated applications while maintaining the integrity of existing banking systems.

Sandeep Bhanote, the Global Head and General Manager of Financial Services at DXC, emphasized the importance of this partnership, stating, "For digital assets to enter the financial mainstream, institutions require secure custody and seamless payment functions. Our collaboration with Ripple marries these features in a way that enables banks to participate in the digital asset ecosystem without altering their core systems."

Enhancing Institutional Capabilities

DXC's collaboration with Ripple provides regulated financial institutions and fintechs with improved access to the digital asset technology landscape. This initiative goes beyond mere experimentation with blockchain and pushes toward practical applications within real-world banking environments.

By offering a last-mile connectivity solution between regulated banking infrastructures and digital asset platforms, the partnership also simplifies fintechs' access to the banking relationships necessary for compliant custody and payment solutions.

Joanie Xie, VP and Managing Director, North America at Ripple, added, "Banks are under increasing pressure to modernize while continuing to work with complicated infrastructures. Our partnership with DXC brings digital asset custody, Ripple Liquidity US Dollar (RLUSD), and payments directly into the core banking environments that institutions already trust. Together, we enable banks to provide secure, compliant digital asset use cases at a corporate scale without disruptions."

A Commitment to Secure Modernization

The partnership between DXC and Ripple underscores DXC's commitment to supporting financial institutions in their journey toward secure modernization and responsible innovation. This collaboration represents a crucial advance toward facilitating the adoption of digital assets in production banking environments through an integrated core banking approach.

Ripple’s offerings also enhance global financial transactions. Their licensed end-to-end solution for cross-border payments utilizes blockchain technology to accelerate the speed, transparency, and accessibility of these transactions. As they roll out their solutions, customers can securely manage digital assets, stablecoins, or real-world assets (RWAs) effectively.

In summary, the partnership between DXC Technology and Ripple marks a transformative step in bringing digital asset capabilities into the financial mainstream, empowering banks to embrace innovation while maintaining their foundational systems.