News linked to both this project and an event.
According to CoinDesk, Swift announced that its blockchain-based shared ledger platform is ready and will launch real-time transaction testing with 17 major banks. Participating institutions include HSBC, UBS, BNP Paribas, Citi, BNY, and Wells Fargo, among others, covering six continents. The platform aims to enable 24/7 cross-border payments through tokenized deposits, allowing banks to transfer funds for customers during nights and weekends, and providing liquidity support before final settlement is completed in existing payment systems. Swift clearly stated that the ledger system is positioned as a complement to existing payment rails, not a replacement.
Jack McDonald, Senior Vice President of Ripple's stablecoin business, disclosed eight recent developments regarding RLUSD in a post on X on June 29, covering settlement, regional access, on-chain liquidity, cross-border payments, multi-chain support, exchange listings, charity, and the Japanese market. Mastercard has expanded its settlement capabilities to support RLUSD across eight blockchain networks, including the XRP Ledger. Ripple has also expanded RLUSD's availability in Turkey through partnerships with BiLira, Bitexen, and Bitlo, and collaborated with Bitso to enable RLUSD and MXNB to support liquidity and cross-border transactions via the XRP Ledger's Permissioned DEX. RLUSD has also achieved multi-chain support through Wormhole Native Token Transfers and entered the Japanese market via SBI VC Trade after receiving approval from the Japan Financial Services Agency. Additionally, RLUSD has been listed on exchanges such as Gate and Floq, integrated with the cross-chain infrastructure provider Squid Router, and Ripple has joined Water's GetBlue campaign as its exclusive digital asset and payment partner.
According to an announcement by the Hong Kong Monetary Authority, the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) jointly announced on June 29 that they have completed the first-phase review on promoting the further application of Distributed Ledger Technology (DLT) in Hong Kong's fixed income market. The review results confirmed that Hong Kong's existing legal and regulatory environment is sufficiently flexible to support the issuance of tokenized bonds. The Companies Registry released frequently asked questions on the same day, clarifying that registers of debenture holders maintained using DLT comply with the relevant provisions of the Companies Ordinance. The next phase of the review will commence in the second half of this year, focusing on legal optimization issues such as allowing electronic signatures to execute tokenized bond issuance documents, as well as the "possession" and "transfer" of tokenized fixed income products, to promote the wider application of DLT in the fixed income market and the digital asset sector.
Ripple is advancing the addition of a lending infrastructure layer on the XRP Ledger (XRPL), enabling institutions to raise funds using on-chain tokenized assets as collateral. The protocol will automatically execute loan terms, while credit evaluation and lending decisions remain handled by off-chain institutions.According to disclosures, the proposal is named the XRPL Lending Protocol (corresponding to XLS-65 and XLS-66 standards). It is currently in the technical draft stage and will require approval through validator voting before launching on the mainnet, but developer testing has already been opened on the test network.The protocol’s design splits the lending process into two parts: on-chain management of liquidity pools, interest calculation, repayment execution, and default handling; while borrower credit assessment and loan term setting remain with traditional financial institutions to meet compliance requirements across different jurisdictions.Ripple states that the mechanism is primarily aimed at institutional short-term liquidity needs. For example, in cross-border payment scenarios, temporary financing through stablecoins or collateral assets can be obtained before settlement is completed, thereby improving capital efficiency.Analysts believe that while the plan attempts to introduce a “rule-enforced lending infrastructure” similar to traditional finance while maintaining XRPL's open network attributes, it will still face competition from established on-chain lending protocols such as Aave, Compound, and Maple. (CoinDesk)
Squid, a cross-chain infrastructure platform, has announced the integration of RLUSD, the stablecoin issued by Ripple. Users can now swap into or out of RLUSD in a single transaction across different blockchains and digital assets.Through this integration, RLUSD will gain access to over 100 blockchains and more than 20,000 tokens supported by Squid. Users can directly exchange assets such as USDC, USDT, ETH, and XRP for RLUSD without needing to manually bridge chains, wrap tokens, or execute multiple transactions.RLUSD is natively issued on the XRP Ledger and Ethereum, and has been extended to Ethereum Layer 2 networks such as the XRPL EVM Sidechain, Optimism, Base, Ink, and Unichain via Wormhole's Native Token Transfer standard. Squid's routing layer sits atop these underlying transfer mechanisms, allowing users to utilize RLUSD irrespective of the specific issuance chain.Squid states that its intent-based routing system, which uses market makers to fulfill orders with liquidity on the destination chain, can settle transactions within seconds and is compatible with various cross-chain messaging and issuance standards. Beyond end-users, developers can also integrate RLUSD through Squid's tools for applications including cross-chain payments, treasury management, user onboarding, and DeFi.
According to an official announcement, MoonPay has integrated its decentralized cross-chain trading service, MoonPay Trade, with Ledger Wallet. Users can now swap assets across multiple major EVM-compatible chains via Ledger Wallet’s Swap feature, benefiting from transparent pricing, low slippage, and clear signature verification.
According to CoinDesk, Ripple is attempting to introduce XRP and its stablecoin, Ripple USD, into the AI agent payment market—currently dominated by the dollar-pegged stablecoin USD Coin—in order to penetrate the on-chain micropayment ecosystem. It has launched the “XRPL AI Starter Kit,” a toolkit for developers to build AI agent payment capabilities, enabling agents to perform payments, check balances, and conduct wallet operations on the XRP Ledger, and supporting automated payment workflows based on the x402 protocol. However, Ripple has not yet disclosed any large-scale, production-ready customers or real-world AI agent payment transaction data; the initiative remains in the early infrastructure and developer ecosystem exploration phase.
Ripple has announced a new toolkit for developers to build "agentic payments" applications on the XRP Ledger (XRPL), enabling AI agents to execute automated financial transactions.Ripple stated that AI agents are no longer a future concept; they are already actively participating in paying for computing power, settling invoices, and completing transactions without human intervention. As the application of AI agents expands, the market is accelerating the construction of machine-oriented payment infrastructure, including wallets and stablecoin payment channels, allowing AI to autonomously handle service payments and asset trading.This week, Robinhood also launched a related initiative, allowing users to try stock trading executed by AI agents, with plans to expand into the crypto asset sector in the future; MetaMask has also released a non-custodial wallet solution for AI agents.Ripple pointed out that traditional payment systems are primarily designed for human-initiated and approved processes, whereas AI agents require infrastructure that enables rapid settlement, predictable outcomes, and no need for manual approval. It emphasized that its new toolkit also supports payments based on the x402 protocol, allowing settlement using XRP and Ripple USD (RLUSD).Meanwhile, the IC3 team, composed of researchers from multiple universities, stated that while combining AI with blockchain can achieve automated transactions, AI agents remain highly dependent on humans and the underlying infrastructure and do not possess complete autonomy. (The Block)
Ledger's Donjon security research team successfully bypassed the firmware verification system of the TROPIC01 chip inside the Trezor Safe 7 using laser attacks in a laboratory setting. Chip manufacturer Tropic Square subsequently discovered another attack path affecting the chip's MAC-and-Destroy security mechanism. This vulnerability currently impacts all TROPIC01 chips in production within the field. Trezor stated that the TROPIC01 chip is one of three independent security layers within the Trezor Safe 7, and user funds, wallet backups, and private keys are not stored on it.The chip's hardware encryption storage mechanism completely withstood Ledger's extraction attempts during initial testing. Tropic Square has delayed the release of technical details regarding the vulnerability until the launch of a reinforced silicon version of the TROPIC01 chip later in 2026, with full details expected to be disclosed in the spring of 2027.A firmware mitigation is currently available by disabling the chip's MAINTENANCE mode. Trezor CEO Matej Zak stated that PINs, wallet backups, and user fund keys have never been stored on a single chip. (The Block)
XRP Ledger developers have submitted a draft amendment titled "AMM Swappable Curves," planning to introduce three types of switchable curves for XRPL's native automated market maker: constant product, concentrated liquidity, and StableSwap, with a programmable Smart AMM to follow.This upgrade aims to allow liquidity providers to choose a more suitable pricing curve based on asset type, thereby improving capital efficiency. Concentrated liquidity is suitable for trading pairs where most transactions are concentrated within a specific price range, while StableSwap is better suited for assets with near 1:1 exchange rates, such as stablecoins or pegged assets. Existing AMM pools will continue to use the current constant product model and do not require migration.This proposal is seen as a crucial step for XRPL to bridge its DeFi infrastructure gap. Currently, there are over $3 billion in tokenized real-world assets on the XRPL chain, including the recent tokenized U.S. Treasury redemption pilot conducted by Ripple and JPMorgan. However, for these assets to be traded, lent, or generate yields more efficiently, a more mature DeFi liquidity infrastructure is still needed.However, the proposal is still in the draft stage. It will need to go through the XRPL amendment voting process, which could take several months, and its eventual approval remains uncertain. (Coindesk)
The Ethereum Foundation announced that Clear Signing has officially launched, aiming to eliminate “blind signing” by defaulting Ethereum transaction signatures to human-readable formats—thereby enhancing both user experience and security. Spearheaded by the Ethereum Working Group, the initiative includes: ERC-7730 for generating human-readable transaction descriptions; a neutral, mirrorable descriptor registry; ERC-8176, a proof framework enabling auditors to verify descriptor integrity; and open development tools for wallets, protocols, and auditors. Participants include Ledger, Trezor, MetaMask, and WalletConnect.
According to The Block, blockchain security firm CertiK released a report on May 8 stating that 34 confirmed “wrench attacks” (i.e., offline physical assaults and extortion targeting cryptocurrency holders) occurred globally in the first four months of 2026—an increase of 41% compared to the same period in 2025. Victims’ total losses amounted to approximately $101 million. If this trend continues, the annual number of incidents is projected to reach around 130, with losses potentially totaling hundreds of millions of dollars. Geographically, 28 of the 34 incidents (82%) occurred in Europe, with France standing out particularly: 24 cases were recorded there in the first four months of 2026 alone—exceeding the full-year total of 20 incidents in 2025. CertiK attributes this surge to France’s hosting of flagship crypto firms such as Ledger and Binance, frequent data breaches, and a community culture of conspicuous wealth display and proactive doxxing. In contrast, reported incidents in the U.S. dropped from nine in Q1 2025 to three in Q1 2026, while Asia saw a decline from 25 to two. Regarding attack patterns, CertiK notes that criminal groups have shifted toward a “data-driven targeting” model—purchasing victims’ names, addresses, and asset information from data brokers, thereby reducing the need for physical reconnaissance. Over half of this year’s incidents involved threats against or direct harm to victims’ family members (spouses, children, elderly parents) as a coercive tactic. Operationally, small gangs of three to five individuals typically carry out these attacks via
: According to official sources, the UK's Financial Conduct Authority (FCA) has officially released new industry guidance, clarifying the standards and requirements for enterprises to compliantly use Distributed Ledger Technology (DLT) within the current regulatory framework. The new rules simultaneously optimize the fund trading mechanism, introducing an optional Direct-to-Fund (D2F) model that allows investors to directly engage in transactions with both traditional funds and tokenized funds, significantly improving circulation efficiency. These rules were jointly developed by the FCA and the industry, balancing financial innovation while maintaining regulatory bottom lines, helping the asset management industry reduce costs and increase efficiency, and accelerating the implementation of traditional asset tokenization.
Bitget Wallet has launched a Labor Day QR code payment campaign, running from April 28 to May 7, further driving the adoption of stablecoin payments in everyday consumption and travel scenarios across the Asia-Pacific (APAC) region. During the campaign, users who complete offline QR code payments using USDT or USDC will receive RLUSD cashback for each transaction. From May 1 to May 7, Bitget Wallet will randomly select one paying user per day to receive an additional 1,000 RLUSD cashback. To lower the barrier to first-time usage, Bitget Wallet will also airdrop XRP to eligible participants—serving as the account reserve required to activate RLUSD withdrawals. RLUSD is a compliant U.S. dollar-pegged stablecoin issued by Ripple and regulated by the New York State Department of Financial Services (NYDFS). This campaign marks Bitget Wallet’s first real-world consumer application following its integration of the XRP Ledger (XRPL) mainnet and onboarding of the RLUSD payment ecosystem at the end of March—and represents a key milestone in advancing Bitget Wallet’s Everyday Finance strategy.
Ripple has unveiled a four-phase roadmap for post-quantum security on the XRP Ledger (XRPL), aiming to complete the full transition to a post-quantum signature system by 2028 at the latest. The roadmap includes: a Q-Day emergency migration mechanism; quantum risk assessment and testing of NIST-recommended algorithms in the first half of 2026; parallel integration of candidate post-quantum signature schemes on Devnet in the second half of 2026; and subsequent network-wide, large-scale cutover via an XRPL Amendment. Ripple stated it is already collaborating with Project Eleven on validator testing, Devnet benchmarking, and development of a custodial wallet prototype. It emphasized that assets are not under immediate threat today but must address the “harvest now, decrypt later” risk.
Odaily News Ripple has announced a phased roadmap, planning to advance the XRP Ledger towards a quantum-resistant upgrade by 2028. The plan includes formulating a "Quantum-Day" contingency plan to address potential sudden threats from quantum computing and will involve preliminary testing and validation in collaboration with Project Eleven. Ripple stated that this initiative aims to prepare in advance for the transition to post-quantum security, with the entire plan to be implemented in four phases:Phase 1: Q-Day Emergency Preparedness (Initiated). Establish a Quantum Day (Q-Day) emergency response mechanism. If existing classical cryptographic systems are suddenly compromised, the network will immediately stop accepting traditional public key signatures and enforce a mandatory migration to quantum-safe accounts.Phase 2: Risk Assessment & Algorithm Testing (First Half of 2026). Conduct a comprehensive assessment of the impact of post-quantum cryptography on the XRP Ledger's network performance, storage, and bandwidth. Collaborate with Project Eleven to perform validator-level testing and Devnet benchmarking, deploy the NIST-standardized ML-DSA quantum-safe signature scheme, and develop a prototype for a post-quantum custody wallet.Phase 3: Devnet Hybrid Integration (Second Half of 2026). Integrate candidate post-quantum signature schemes in parallel with existing elliptic curve signatures on the Developer Network (Devnet), allowing developers to test performance and system impact without affecting the mainnet. Simultaneously explore post-quantum zero-knowledge proof primitives and homomorphic encryption technologies for Confidential Transfers, to advance the privacy and compliance capabilities for tokenized real-world assets on the XRPL.Phase 4: Mainnet Full Upgrade (Target 2028). Submit a formal protocol Amendment. Upon approval through validator voting, natively enable full post-quantum cryptography on the mainnet. (Cointelegraph)
According to GlobeNewswire, Exodus Movement—a U.S.-listed cryptocurrency wallet provider and Bitcoin treasury company—has announced a partnership with Ripple to expand native support for the XRP Ledger (XRPL) within its wallet, as well as add in-wallet support for the stablecoin Ripple USD (RLUSD). Users will be able to directly manage and send XRP assets within the wallet.
According to Cointelegraph, the blockchain payment network XRP Ledger (XRPL) has partnered with zero-knowledge infrastructure provider Boundless to integrate its zero-knowledge technology into the underlying network, aiming to enable confidential and compliant on-chain transactions for banks and asset management firms. Shiv Shankar, CEO of Boundless, stated that the solution protects sensitive information—including transaction size, frequency, and counterparty details—through selective disclosure and role-based access control, while ensuring regulatory authorities can audit related activities. This integration is expected to drive adoption across multiple institutional use cases on public blockchains, including cross-border corporate payments, treasury management, over-the-counter (OTC) trading, tokenized asset issuance, and decentralized finance (DeFi). Industry observers believe that striking a balance between privacy and compliance is becoming a key factor in driving institutional adoption of public blockchains.