Nancy Beaton (낸시 비튼), president of U.S. crypto exchange Uphold’s U.S. unit, said XRP and the XRP Ledger (XRPL) are likely to benefit as traditional finance shifts to blockchain.

On Sept. 3, local time, blockchain outlet Decrypt reported that Beaton said in a video published on Ripple’s official YouTube channel that the financial system is already moving from an existing bank-centred structure to a blockchain-based structure.

Beaton defined Uphold not as simply a platform for buying and selling digital assets but as a financial infrastructure company. She said other companies can use Uphold’s application programming interface-based technology to build and provide financial services on top of Uphold’s infrastructure. As a result, she said banks and financial institutions can offer digital asset services to customers without building a new blockchain system of their own.

“Uphold continues to work with Ripple and XRPL,” she said. She also mentioned opportunities to cooperate with other companies in the XRPL ecosystem. Beaton said Uphold, Ripple and XRPL together can present a complete solution to banks and financial institutions for providing digital assets.

The remarks expand XRPL’s role beyond a simple cryptocurrency network. Beaton said XRPL is becoming part of the infrastructure supporting financial services moving onto blockchain. Ripple is also focusing on expanding the use of XRP and XRPL within regulated financial markets. Ripple’s plans for 2026 include regulated finance, tokenisation, cross-chain liquidity and other financial infrastructure use cases.

From a market perspective, Beaton said XRP and XRPL can “lead this transition” and can take an “ahead-of-the-curve position” in the market. She cited blockchain’s cost and speed competitiveness. Blockchain networks operate 24 hours a day and can process financial transactions at lower cost than existing payment systems, she said.

Cross-border remittances were also presented as a key example. Beaton said traditional international transfers take days and carry heavy fee burdens, while blockchain-based transactions can be processed continuously at much lower cost. She said these characteristics increase incentives for banks and financial institutions to adopt blockchain technology.

Beaton also said blockchain can return more control over funds and assets to users. She said users can move assets across borders, earn returns on holdings and use digital assets in various financial services. She predicted that remittances will become “as easy as sending an email” in the long term. She added that digital assets can offer yield opportunities and can also be used as collateral for loans.

She said the vision goes beyond faster payments. Beaton said a financial system is forming in which asset ownership, payments, lending and trade settlement operate on shared infrastructure. As more banks and financial institutions adopt blockchain for payments and settlement, demand for XRPL and XRP could rise, she said.