A recent post by crypto market commentator Pumpius (@pumpius) on X has drawn the attention of the XRP community to Ripple’s deepening institutional footprint in Europe. Pumpius revealed that DZ BANK, Germany’s second-largest bank and the country’s largest custodian with over €350 billion in assets under custody, has officially gone live with a Ripple-powered digital asset custody platform. A Foundation for the Digital Euro The partnership between DZ BANK and Ripple Custody is particularly significant in the context of Germany’s evolving regulatory framework. Pumpius noted that under the German Electronic Securities Act (eWpG), institutions are legally allowed to issue electronic securities without physical paper certificates. This law is a key enabler for blockchain-based financial instruments, and DZ BANK is now actively using this capability via Ripple’s infrastructure. This shift positions Ripple as a foundational technology provider not just for tokenized assets but also for future central bank digital currency (CBDC) infrastructure in Europe, following the steps of France, which has openly discussed XRP and Ripple’s technology, revealing its preference for XRP’s features . As Pumpius noted , “This is CBDC infrastructure, disguised as custody.” With full compliance under German law, the platform supports tokenized bonds, crypto securities, and other digital ledger-based financial products, increasing Ripple’s prominence in the real-world asset (RWA) tokenization space. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Ripple’s Strategic Expansion Through Institutional Custody Ripple has not made a major public announcement about this development, which aligns with a broader strategy of institutional integration rather than public-facing hype. Pumpius characterizes this approach as “silent infiltration” and the first domino in the chain as Ripple technology becomes embedded within traditional financial institutions, clearinghouses, and custodians. What makes this particularly relevant for XRP is the broader architecture Ripple is building. According to the thread, Ripple Custody is designed for full lifecycle management of digital assets—from issuance to custody to settlement. In such a system, XRP is positioned not merely as a cryptocurrency but as a bridge asset within the infrastructure. A Prototype for Broader Institutional Adoption DZ BANK’s live deployment marks the first full-scale institutional rollout of Ripple’s custody platform within the European banking sector. This positions DZ BANK as a prototype for Tier 1 banks considering similar implementations. It also reinforces Ripple’s credibility as a provider of regulatory-compliant, enterprise-grade blockchain infrastructure. Ripple’s globe-spanning payment network shows its track record, and this development is more than a pilot or proof of concept. DZ BANK’s integration of Ripple’s custody infrastructure is now in production with real clients and real assets, all powered by XRP. The move places Ripple at the center of one of Europe’s most advanced implementations of blockchain technology within the traditional financial sector. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post How Ripple Cracked the German Banking Fortress appeared first on Times Tabloid .
