Ripple Partnerships Explained: What Banks Are Actually Using XRP?

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šŸ“Š Key Figures & Estimates

āœ… RippleNet membership

According to several sources, RippleNet includes over 300 financial institutions worldwide—banks, fintechs, payment providers, and more  .

āœ… Banks actively using Ripple/XRP

• As of early 2025, more than 100 banks, financial institutions, and payment systems reportedly support XRP or Ripple products  .

• Ripple’s Japanese operations, led by SBI Ripple Asia, include 60+ banks—representing around 80% of Japan’s banking sector—that have integrated Ripple solutions in some capacity  .

āœ… NDA agreements & partnerships

• Reddit commentary mentions Ripple holding 1,700+ signed NDAs with global institutions, many of which likely involve payments using XRP or RippleNet  .

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šŸ¦ Examples of Ripple Bank Collaborators

RippleNet and XRP usage span many global regions, including these notable partners:

• Santander (Spain / U.S.) – offers ā€œOne Pay FXā€ powered by RippleNet

• Standard Chartered (UK) – using Ripple for cross-border remittance

• American Express (U.S.) – Ripple-powered corridor to the UK

• Royal Bank of Canada, PNC Bank (U.S.), Westpac (Australia), MUFG (Japan)

• Axis Bank, Kotak Mahindra Bank (India), CIMB Bank (Malaysia)

• SBI Holdings / SBI Remit (Japan) – major XRP-based corridor via ODL

• Regional providers like MoneyGram, Western Union, TransferGo, Earthport, UnicĆ¢mbio in Brazil, etc.   

Many central banks and institutions have also engaged in Ripple-related DLT studies or sandbox use cases  .

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šŸ“Œ So how many bank partners?

CategoryApprox. Count
Signed NDAs with institutions~1,700+
RippleNet-connected institutionsOver 300
Banks/fintechs actively using XRP100+
Japanese banks in specific integration60+ (~80% of Japanese banks)

🧭 Putting it together

While there’s no exact ā€œofficialā€ bank count, a good working picture is:

• 300+ institutions in RippleNet

• 100+ banks/financial entities actively engaged with XRP or ODL

• 60+ Japanese banks integrated via SBI Ripple Asia

• And potentially 1,700+ institutional NDA agreements globally

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