{"id":561715,"date":"2024-11-21T14:00:00","date_gmt":"2024-11-21T14:00:00","guid":{"rendered":"https:\/\/www.wncen.com\/?p=561715"},"modified":"2025-06-11T07:48:36","modified_gmt":"2025-06-11T07:48:36","slug":"global-banks-xrp","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/ripple\/global-banks-xrp\/","title":{"rendered":"Global Banks Are Betting Big On XRP, Report Shows"},"content":{"rendered":"

Global banks have begun actively integrating crypto assets into their financial operations, and XRP has been one of their top preferences. This news signifies a shift in the skepticism surrounding cryptocurrencies, revealing how some of the world\u2019s leading banks seek to leverage XRP\u2019s fundamental strengths as a cross-border payments system.\u00a0<\/span><\/p>\n

BCBS Highlights XRP Dominance In The Banking Sector<\/h2>\n

The Basel Committee on Bank Supervision (BCBS) has recently <\/span>published its first data collection template report<\/span><\/a> on banks’ holdings of crypto assets. This report gives detailed insight into the <\/span>crypto exposure of global banks.<\/span><\/a>\u00a0<\/span><\/p>\n

Related Reading: Crypto Market Expert Identifies The Trigger For 600% Bitcoin Price Surge<\/a><\/div>\n

According to the publication, 19 out of 182 world banks in the Basel III monitoring exercise have submitted their crypto asset data to the BCBS for review and analysis. Out of the 19 banks, seven banks submitted reports from Europe, 10 banks From the Americas, and two from other parts of the world.\u00a0<\/span><\/p>\n

The data collection template revealed that the majority of banks submitted reports on crypto asset exposure, primarily featuring <\/span>XRP<\/span><\/a>, <\/span>BTC<\/span><\/a>, and <\/span>ETH<\/span><\/a> cryptocurrencies.\u00a0<\/span><\/p>\n

The report stated that the total crypto asset exposures submitted by the global banks amounted to \u20ac9.4 billion (around $10 billion). Among these exposures, <\/span>XRP<\/span><\/a> emerged as the third-largest altcoin utilized for bank engagements.\u00a0<\/span><\/p>\n

XRP investments comprised 2% equivalent to \u20ac188 million of the total crypto asset exposures. While <\/span>Bitcoin<\/span><\/a> and Ether were ranked 31% and 22% respectively.\u00a0<\/span><\/p>\n

\u201cReported crypto-asset exposures are primarily composed of Bitcoin (31%), Ether (22%), and a multitude of instruments with either Bitcoin or Ether as the underlying crypto assets (25% and 10% respectively),\u201d the report stated.\u00a0<\/span><\/p>\n

This report underscores the growing interest of <\/span>XRP in the financial banking sector.<\/span><\/a> The Basel III monitoring exercise report also provides a valuable benchmark for gaining insight into the position of cryptocurrencies in the financial sector.\u00a0<\/span><\/p>\n

\"XRP<\/p>\n

Token price resumes downtrend | Source: XRPUSD on Tradingview.com<\/a><\/pre>\n
BCBS Crypto Asset Reports<\/h2>\n
In the Basel III monitoring exercise template, a collective composition of crypto asset exposures by 19 of the world banks was disclosed. The report stated that the total <\/span>crypto asset exposures <\/span><\/a>stand at about \u20ac9.4 billion, representing a modest fraction of the cumulative crypto-asset exposures across the 182 banks covered by the BCBS.\u00a0<\/span><\/p>\n
Overall, the crypto asset exposures of the 19 banks constitute 0.05% of the total financial commitments made by the institutions under the Basel III monitoring exercise.\u00a0<\/span><\/p>\n
Related Reading: Machine Learning Algorithm Predicts 17.66% Rise In Bitcoin Price, Here\u2019s The Target<\/a><\/div>\n
\u201cTotal crypto-asset exposures reported by banks amount to approximately \u20ac9.4 billion. In relative terms, these exposures make up only 0.05% of total exposures on a weighted average basis across the sample of banks reporting crypto-asset exposures,\u201d the report stated.\u00a0<\/span><\/p>\n
It added:\u00a0<\/span><\/p>\n
\u201cWhen considering the whole sample of banks included in the Basel III monitoring exercise (i.e. also those that do not report crypto-asset exposures), the amount shrinks to 0.01% of total exposures.\u201d<\/span><\/p>\n
The data collection template also revealed other crypto assets employed by these world banks such as <\/span>Cardano<\/span><\/a> (1%), <\/span>Solana<\/span><\/a> (1%) Litecoin (0.4%), and Stellar (0.4%).\u00a0<\/span><\/p>\n
Featured image from Medium, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Global banks have begun actively integrating crypto assets into their financial operations, and XRP has been one of their top preferences. This news signifies a shift in the skepticism surrounding cryptocurrencies, revealing how some of the world\u2019s leading banks seek to leverage XRP\u2019s fundamental strengths as a cross-border payments system.\u00a0 BCBS Highlights XRP Dominance In The Banking Sector The Basel Committee on Bank Supervision (BCBS) has recently published its first data collection template report on banks’ holdings of crypto assets. This report gives detailed insight into the crypto exposure of global banks.\u00a0 Related Reading: Crypto Market Expert Identifies The Trigger For 600% Bitcoin Price Surge According to the publication, 19 out of 182 world banks in the Basel III monitoring exercise have submitted their crypto asset data to the BCBS for review and analysis. Out of the 19 banks, seven banks submitted reports from Europe, 10 banks From the Americas, and two from other parts of the world.\u00a0 The data collection template revealed that the majority of banks submitted reports on crypto asset exposure, primarily featuring XRP, BTC, and ETH cryptocurrencies.\u00a0 The report stated that the total crypto asset exposures submitted by the global banks amounted to \u20ac9.4 billion (around $10 billion). Among these exposures, XRP emerged as the third-largest altcoin utilized for bank engagements.\u00a0 XRP investments comprised 2% equivalent to \u20ac188 million of the total crypto asset exposures. While Bitcoin and Ether were ranked 31% and 22% respectively.\u00a0 \u201cReported crypto-asset exposures are primarily composed of Bitcoin (31%), Ether (22%), and a multitude of instruments with either Bitcoin or Ether as the underlying crypto assets (25% and 10% respectively),\u201d the report stated.\u00a0 This report underscores the growing interest of XRP in the financial banking sector. The Basel III monitoring exercise report also provides a valuable benchmark for gaining insight into the position of cryptocurrencies in the financial sector.\u00a0 Token price resumes downtrend | Source: XRPUSD on Tradingview.com BCBS Crypto Asset Reports In the Basel III monitoring exercise template, a collective composition of crypto asset exposures by 19 of the world banks was disclosed. The report stated that the total crypto asset exposures stand at about \u20ac9.4 billion, representing a modest fraction of the cumulative crypto-asset exposures across the 182 banks covered by the BCBS.\u00a0 Overall, the crypto asset exposures of the 19 banks constitute 0.05% of the total financial commitments made by the institutions under the Basel III monitoring exercise.\u00a0 Related Reading: Machine Learning Algorithm Predicts 17.66% Rise In Bitcoin Price, Here\u2019s The Target \u201cTotal crypto-asset exposures reported by banks amount to approximately \u20ac9.4 billion. In relative terms, these exposures make up only 0.05% of total exposures on a weighted average basis across the sample of banks reporting crypto-asset exposures,\u201d the report stated.\u00a0 It added:\u00a0 \u201cWhen considering the whole sample of banks included in the Basel III monitoring exercise (i.e. also those that do not report crypto-asset exposures), the amount shrinks to 0.01% of total exposures.\u201d The data collection template also revealed other crypto assets employed by these world banks such as Cardano (1%), Solana (1%) Litecoin (0.4%), and Stellar (0.4%).\u00a0 Featured image from Medium, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":561726,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[6664,14690,90238,4531,89401,83637,13172,89506,10972,78763],"class_list":["post-561715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-crypto","tag-crypto-news","tag-global-banks","tag-xrp","tag-xrp-adoption","tag-xrp-news","tag-xrp-price","tag-xrp-price-performance","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nGlobal Banks Are Betting Big On XRP, Report Shows<\/title>\n<meta name=\"description\" content=\"Global banks have begun actively integrating crypto assets into their financial operations, and XRP has been one of their top preferences.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/www.wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Global Banks Are Betting Big On XRP, Report Shows","url":"http:\/\/www.wncen.com\/news\/ripple\/global-banks-xrp\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.wncen.com\/news\/ripple\/global-banks-xrp\/"},"thumbnailUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/11\/XRP-price-4.jpeg?resize=200%2C177","image":{"@type":"ImageObject","url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/11\/XRP-price-4.jpeg?fit=284%2C177"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","crypto news","global banks","xrp","xrp adoption","xrp news","xrp price","xrp price performance","xrpusd","xrpusdt"],"dateCreated":"2024-11-21T14:00:00Z","datePublished":"2024-11-21T14:00:00Z","dateModified":"2025-06-11T07:48:36Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Global Banks Are Betting Big On XRP, Report Shows\",\"url\":\"http:\\\/\\\/www.wncen.com\\\/news\\\/ripple\\\/global-banks-xrp\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.wncen.com\\\/news\\\/ripple\\\/global-banks-xrp\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/XRP-price-4.jpeg?resize=200%2C177\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/XRP-price-4.jpeg?fit=284%2C177\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"crypto news\",\"global banks\",\"xrp\",\"xrp adoption\",\"xrp news\",\"xrp price\",\"xrp price performance\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2024-11-21T14:00:00Z\",\"datePublished\":\"2024-11-21T14:00:00Z\",\"dateModified\":\"2025-06-11T07:48:36Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/11\/XRP-price-4.jpeg?fit=284%2C177","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/561715"}],"collection":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/comments?post=561715"}],"version-history":[{"count":0,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/561715\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media\/561726"}],"wp:attachment":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media?parent=561715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/categories?post=561715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/tags?post=561715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}