BroadChain learned that at 04:16 on April 24, according to NewsBTC, the Central Bank of Russia tested the Ripple platform in 2018 at the Novosibirsk Innovation Laboratory to evaluate its cross-border settlement potential. The results showed that after addressing organizational, legal, and technical barriers, XRP could serve as the foundation for a cross-border payment system. A JPMorgan report also highlighted Ripple's speed, low cost, and liquidity advantages, positioning it as a potentially disruptive digital asset for financial institutions.
On the academic front, a 2020 paper from Southern Federal University focused on the application of XRP as a bridge currency in Russian payments. Ripple recently achieved end-to-end control over custody, liquidity, and settlement by acquiring Hidden Road (with an annual clearing volume of $3 trillion), GTreasury (with a payment volume of $13 trillion), and Rail, while integrating the RLUSD stablecoin to reduce reliance on traditional correspondent banking intermediaries.
Coinbase will launch the Trade at Settlement (TAS) feature for XRP futures on May 1, 2026, allowing institutions to execute block trades at official settlement prices, avoiding intraday volatility risks. This marks a key step for XRP in the regulated institutional execution space.