TLDR
- ECB Annex II states Axiology used XRP Ledger technology in its settlement system.
- The Eurosystem ran 58 activities on wholesale central bank money settlement in 2024.
- Two waves of trials and experiments involved 60 financial stakeholders and four central banks.
- The ECB annex says 48 use cases were completed with market participants and central banks.
European Central Bank documents confirm XRP Ledger technology was used in Axiology’s settlement system. The confirmation appears in Annex II of the Eurosystem’s report on exploratory work for wholesale central bank money settlement.
The annex gives a broad record of trials and experiments completed in 2024. It says market participants, central banks, and DLT operators worked together on real and test transactions. In that context, the document confirms the use of XRP Ledger technology in Axiology’s settlement system.
ECB annex records broad settlement testing work
Annex II is the second annex to the Eurosystem’s report on new technologies for wholesale central bank money settlement. It was prepared to describe the trials and experiments carried out during the exploratory work.
The document says the work took place in two waves in 2024. Wave 1 ran from May to November 2024, and Wave 2 ran from July to November 2024. The Eurosystem approved 60 financial stakeholders and four central banks to take part.
The annex states that the participants, their national central banks, and three solution-providing central banks enabled 48 use cases. These included 27 trials and 21 experiments. Trials involved real transactions settled in central bank money, while experiments used mock transactions in test settings.
The report also says the Eurosystem conducted six internal experiments and four cross-border experiments with other central banks. That brought the total number of completed activities to 58. The ECB wrote that this cooperation provided practical insights across the financial markets value chain.
XRP Ledger is named in relation to Axiology
The main point for XRP-related coverage is clear in the ECB material. The documents confirm that XRP Ledger technology was used in Axiology’s settlement system during the exploratory work.
That wording matters because it comes from official Eurosystem documentation. It places XRP Ledger within a tested settlement setting connected to the broader wholesale central bank money work described by the ECB.
The annex does not present this point as a general market claim. It lists it within a structured account of the activities completed by approved participants. That makes the reference part of the official record of the exploratory work.
The ECB also states that stakeholders provided detailed descriptions of the activities conducted. The annex notes the ECB’s gratitude to those involved for their input in preparing the document. This gives added context to how the activity descriptions were compiled.
Why the confirmation draws attention
The confirmation has drawn attention because wholesale settlement infrastructure is closely watched by financial markets. Any mention of distributed ledger use in official central bank documents is likely to receive notice.
In this case, the angle is specific. The news is not a general statement about XRP. It is about XRP Ledger being confirmed in ECB documents for use in Axiology’s settlement system.
The broader report focuses on exploratory work, not on final policy decisions. The annex records what was tested and who took part. It does not say that one technology has been selected for permanent Eurosystem use.
Even so, the document provides a factual reference point. It shows that XRP Ledger technology appeared in the ECB annex within the Axiology settlement system context. For market observers, that makes the reference notable and easy to cite from an official source.
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