Goldman Sachs and Wells Fargo disclosed millions of dollars in XRP ETF exposure through regulatory filings. Separately, JPMorgan, Citi and SWIFT are rolling out bank-based settlement systems that compete with XRP's cross-border payments pitch.
Goldman Sachs reported about $86.5 million in XRP ETF exposure across five products. Wells Fargo disclosed roughly $9.18 million. XRP ETF trading volume also exceeded $100 million during the session.
The filings show regulated XRP products gaining a presence in major institutional portfolios, giving banks and asset managers access without directly holding XRP. However, 13F filings only show quarter-end positions and do not confirm long-term bullish bets, and further institutional disclosures are expected in future filings. XRP itself traded down 3.47% as the story published.
JPMorgan and Citi challenge XRP's core pitch
XRP's early advantage in cross-border payments came from capital efficiency: institutions could source liquidity when a payment happened rather than pre-funding accounts around the world. That gap is narrowing. JPMorgan's Kinexys network now offers blockchain deposit accounts in eight currencies, including the dollar, euro and yen, letting clients move balances and execute on-chain foreign exchange without pre-funding overseas accounts.
Citi's 24/7 USD Clearing infrastructure reaches more than 250 banks across more than 40 markets. Its Token Services can complete cross-border transfers in as little as 90 seconds.
SWIFT links bank tokens without a bridge asset
On Aug. 19, HSBC and Standard Chartered completed the first live cross-border transaction using SWIFT's blockchain-based ledger, settling through their existing banking infrastructure rather than a shared cryptocurrency. SWIFT says 17 banks across six continents are preparing similar tokenized-deposit transactions.
Ripple continues to describe XRP as a bridge asset that can reach markets where banking connections are thin, and each additional interoperable bank and currency narrows the situations where a neutral bridge asset is still needed. XRP's job now is proving that using it for liquidity is economically better than banks tokenizing money they already control.
Sources: Coinpedia Fintech News, CCN
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