DXC teams up with Ripple to scale digital asset custody

DXC Technology has entered a strategic partnership with blockchain payments firm Ripple to integrate institutional-grade digital asset custody and payments into DXC’s Hogan core banking platform, a move aimed at accelerating banks’ adoption of tokenised assets and real-time settlement across borders. The collaboration brings Ripple’s blockchain infrastructure into a core system used by large financial institutions worldwide, positioning DXC to offer regulated banks a turnkey path to custody, transfer and settlement of digital assets alongside traditional accounts.

The companies said the integration will allow banks running Hogan to access Ripple’s payments rails and custody tooling within their existing operating environment, reducing the need for bespoke builds or third-party bolt-ons. Hogan is widely deployed by tier-one and regional banks and supports institutions that collectively manage trillions of dollars in deposits and hundreds of millions of customer accounts, giving the partnership immediate scale.

DXC links Hogan with Ripple for bank custody was how the companies framed the ambition: to make digital assets a native part of core banking, rather than a parallel system. For banks, the promise lies in operational efficiency and compliance. Custody of tokenised assets has been a sticking point for institutions wary of fragmented technology stacks and unclear controls. By embedding custody and payments into the core, DXC and Ripple argue that banks can maintain familiar governance, risk and reporting frameworks while expanding product offerings.

Ripple’s technology is designed to support high-throughput payments with settlement measured in seconds, and to interoperate with multiple fiat currencies and tokenised instruments. DXC said the integration will enable banks to process cross-border payments, manage digital asset safekeeping and reconcile transactions in near real time, with auditability built in. The companies also highlighted programmability as a feature that could support new use cases, including tokenised deposits, on-chain collateral management and corporate treasury flows.

The partnership reflects a broader shift among banks from pilots to production. Over the past year, major institutions have progressed from proof-of-concepts to live deployments of tokenised money market funds, bonds and deposits. Regulatory clarity in several jurisdictions has helped, as supervisors have set expectations around custody controls, segregation of client assets and resilience. By anchoring digital assets in the core, vendors are seeking to meet those expectations without forcing banks to reinvent their operating models.

DXC has been repositioning Hogan as a modernised core capable of supporting cloud deployment, open APIs and modular extensions. Adding digital asset custody and blockchain payments aligns with that strategy, particularly as banks look to unify legacy and new rails. Executives involved in the deal said the integration will be offered as a configurable module, allowing banks to choose custody, payments or both, depending on regulatory approval and business strategy.

For Ripple, the alliance extends its reach into the heart of bank infrastructure. The company has focused on enterprise use cases, emphasising compliance tooling, transaction monitoring and interoperability. Working with a core banking provider offers distribution to institutions that may be cautious about adopting standalone blockchain platforms but are comfortable with extending existing systems from trusted vendors.

Industry analysts note that custody remains the gateway service for banks entering digital assets. Once safekeeping, controls and reporting are in place, institutions can layer on trading, lending and payments. Integrating these capabilities into the core can also lower operational risk by avoiding data silos and manual reconciliation, a concern highlighted by supervisors during stress events in traditional markets.

The competitive landscape is intensifying as core banking providers, cloud platforms and specialist fintechs vie to become banks’ preferred route into tokenisation. Some rivals have pursued partnerships with crypto custodians or built native ledgers, while others emphasise interoperability with multiple blockchains to avoid lock-in. DXC and Ripple are betting that deep integration and institutional scale will appeal to banks seeking longevity and support.