BIS Tests XRPL for Data Verification as Ripple Expands Institutional Partnerships
The Bank for International Settlements tested the XRP Ledger for verifying official statistics, while Ripple struck a branding deal with the University of Florida.
Why it matters
The BIS prototype signals central bank interest in using the XRP Ledger for institutional data verification, a potential use case beyond payments. Ripple's University of Florida deal extends its strategy of brand visibility through college sports. 21Shares' pushback on centralization claims addresses a long-standing criticism of XRP.
Where the sources disagree
XRP ETF inflow metrics
8 straight weeks of inflows
CoinGape
over $1.3 billion cumulative inflows
Cryptopolitan
CoinGape reported 8 straight weeks of inflows, while Cryptopolitan reported over $1.3 billion in cumulative inflows, which are different metrics.
Key facts
The BIS released a paper describing a prototype that converts statistical files into cryptographic fingerprints via the XRP Ledger for authenticity verification.
Reported by CoinGape
Brad Garlinghouse cited low fees, fast settlement, and a proven track record as reasons BIS chose XRPL.
Reported by CoinGape
Ripple struck a multi-year marketing deal with the University of Florida to place the XRP logo at Ben Hill Griffin Stadium and fund financial and technology education for student-athletes.
Reported by Decrypt
XRP price was around $1.42 according to CryptoPotato's analysis, holding above the long-term moving average near $1.27.
1.42 USDDisputed figureReported by CryptoPotato
XRP price was around $1.41 at the time Cryptopolitan published its report.
1.41 USDDisputed figureReported by Cryptopolitan
XRP price was around $1.41 when Decrypt reported on the Florida deal.
1.41 USDDisputed figureReported by Decrypt
21Shares argued that Ripple controlling XRP and the XRP Ledger is fundamentally mistaken, noting Ripple operates just one validator on the default trusted validator list of roughly 35.
Reported by U.Today
What happened
The Bank for International Settlements released a paper describing a prototype that uses the XRP Ledger to create cryptographic fingerprints of statistical files for authenticity verification, according to CoinGape. Ripple CEO Brad Garlinghouse cited the network's low fees, fast settlement, and proven track record as reasons BIS chose XRPL, CoinGape reported. Separately, Ripple announced a multi-year marketing deal with the University of Florida to place the XRP logo at Ben Hill Griffin Stadium and fund financial and technology education for student-athletes, according to Decrypt. XRP traded around $1.40-$1.42 during the period, with CoinGape reporting a 2.76% daily drop on September 5 and CryptoPotato noting it held above a long-term moving average near $1.27. 21Shares argued that the claim Ripple controls XRP and the XRP Ledger is fundamentally wrong, noting Ripple operates just one of roughly 35 validators on the default trusted list, U.Today reported.
How the story developed
- Update
BIS released paper on XRPL prototype for data verification
The paper described a prototype that converts statistical files into cryptographic fingerprints via the XRP Ledger.
- First report
First report by CoinGape
XRP Price Prediction as Ripple CEO Reveals Why Financial Giant BIS Tapped XRPL
- Update
CoinGape reported on BIS testing XRPL and Garlinghouse's response
CoinGape reported that BIS tested XRPL for data verification and cited Garlinghouse's reasons for the choice.
- Independent corroboration
Independently corroborated by Cryptopolitan
XRP price prediction 2026-2032: Will XRP reach $5?
- Update
Ripple announced multi-year deal with University of Florida
The deal includes XRP branding at Ben Hill Griffin Stadium and funding for financial and technology education.
- Update
21Shares challenged the claim that Ripple controls XRP and the XRP Ledger
21Shares noted Ripple operates just one of roughly 35 validators on the default trusted validator list.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 5 Sept 2026, 10:14 UTC: CoinGape — 1 independent source, 1 reports
- 5 Sept 2026, 15:18 UTC: Cryptopolitan — 2 independent sources, 2 reports
- 6 Sept 2026, 16:01 UTC: Decrypt — 3 independent sources, 3 reports
- 6 Sept 2026, 17:09 UTC: CryptoPotato — 4 independent sources, 4 reports
- 8 Sept 2026, 20:15 UTC: U.Today — 5 independent sources, 5 reports
Affected entities
Also mentioned: United States, Tether USDt, Base, Bitwise, Optimism
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| CoinGape Crypto media | XRP Price Prediction as Ripple CEO Reveals Why Financial Giant BIS Tapped XRPL | Original | |
| Decrypt Crypto media | XRP Gets Another Boost Through Ripple Deal With Florida Athletics | Independent | |
| CryptoPotato Crypto media | Ripple Price Analysis: Where Is XRP Heading Next Week After Defending Its 200-Day EMA? | Independent | |
| Cryptopolitan Crypto media | XRP price prediction 2026-2032: Will XRP reach $5? | Independent | |
| U.Today Crypto media | Biggest XRP Myth Shattered by Top Crypto Asset Manager | Syndicated |
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