TLDR

Table of Contents

Union of Arab Banks cites Ripple Custody as banks test regulated crypto services with partners.
Jake Claver links Ripple banking ties to SWIFT’s blockchain payment framework announced in April 2026.
SBI’s reported blockchain bond would pay yield in XRP, according to claims shared by Claver.
Deutsche Bank and Santander remain named examples of Ripple tools used for cross-border payment services.
RLUSD activity includes SBI VC Trade, AMINA Bank custody, and BNY Mellon reserve support roles.

Ripple Custody has gained new attention from the Union of Arab Banks. The group cited Intesa Sanpaolo’s work with Ripple Custody as tradfi interest in crypto grows. The mention comes as banks test blockchain tools under tighter rules.

Arab Banks Put Ripple Custody in TradFi Focus

The Union of Arab Banks referred to Intesa Sanpaolo’s use of Ripple Custody in a recent post. The move placed Ripple Custody inside a wider banking debate. It also linked the product to regulated crypto services.

Financial strategist Jake Claver shared the post on X. He said it showed “growing evidence” of Ripple’s role in global banking. His comments focused on banks that use Ripple-linked tools.

The Union of Arab Banks highlights Intesa Sanpaolo's work with Ripple Custody as a growing trend of tradfi institutions exploring crypto 🇮🇹 https://t.co/2pnMJbslJ8 pic.twitter.com/rghN0xeoKg
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) May 17, 2026

Claver also connected those banks to SWIFT’s new payment framework. He said the framework was introduced in April 2026. The claim places Ripple and SWIFT inside the same banking story.

The banks named included Santander, HSBC, Deutsche Bank, Standard Chartered, and JPMorgan. Claver said these firms had used Ripple-related services before SWIFT’s recent move. The claim remains based on his public comments.

SBI, XRP, and RLUSD Draw Fresh Attention

Claver also pointed to SBI Holdings in Japan. He said SBI has several active projects tied to Ripple products. These projects involve XRP, RLUSD, payments, and custody services.

One claim focused on a reported 10 billion yen blockchain bond. Claver said the bond pays yield in XRP. He called the product “one of the most notable” crypto banking moves of 2026.

SBI VC Trade also appeared in the discussion. Claver linked the platform to RLUSD distribution in Japan. He also cited research for a Japan-to-Korea remittance route with DSRV.

The post also mentioned Tottori Bank in Japan. Claver said the bank has tested XRP Ledger transfer work. These claims place XRP inside local payment and transfer trials.

Large Banks Test Ripple Links Alongside SWIFT

Deutsche Bank formed another part of Claver’s analysis. He said the bank uses Ripple software for payments, foreign exchange, and custody. He also claimed some settlement times fell from days to seconds.

At the same time, Deutsche Bank joined SWIFT’s blockchain ledger effort. Claver described the overlap as “a notable situation.” He said the bank may support SWIFT while using Ripple tools.

Santander was also named as an early Ripple user. Claver cited its One Pay FX service. The service uses RippleNet for cross-border payments in several markets.

The post said One Pay FX supports fast transfers across 19 countries. Santander has long been linked with Ripple’s payment network. That history keeps the bank central to Ripple’s tradfi story.

Middle East, Africa, and RLUSD Activity Expand

Claver also referred to Ripple activity in the Middle East and Africa. He cited a partnership with Jeel, Riyad Bank’s innovation arm. The work reportedly covers payments, tokenization, and custody pilots.

He also said Ripple opened a regional base in Dubai. The reported office sits in the Dubai International Financial Centre. That location places Ripple near banks, funds, and payment firms.

The post linked these moves to large remittance markets. It named the UAE, Saudi Arabia, and Sub-Saharan Africa. Claver said high fees make blockchain payments useful in these regions.

RLUSD also appeared in the wider banking discussion. Claver said AMINA Bank offers RLUSD trading and custody. He also said BNY Mellon serves as custodian for RLUSD reserves.