[DigitalToday reporter Jinju Hong (홍진주)] Major players in global financial markets, including the world's largest asset manager BlackRock, payments company Mastercard and investment firm Franklin Templeton, are reviewing potential uses of the XRP Ledger (XRPL), it has been found.

On April 21 (local time), blockchain outlet The Crypto Basic reported that Odellia Torteman, head of enterprise adoption at XRPL Commons, said in an interview at a Digital Asset Forum held in London earlier this year that interest from those companies is indeed increasing.

His remarks are seen as showing that the XRP Ledger is being viewed as a candidate for institutional financial infrastructure, beyond a simple cryptocurrency transaction network.

Torteman said XRP is a core asset underpinning transactions and payments and serves as a bridge asset connecting value transfers between different assets within the network. She said it supports a wide range of use cases, from payments to enterprise financial solutions.

She particularly stressed that the XRP Ledger was designed from the outset with cross-border transactions and multi-asset trading for financial institutions in mind. She also said it includes an automated market maker (AMM), a built-in decentralised exchange (DEX), trust lines, and tools for compliance and know-your-customer functions, making it easier for institutions to use blockchain while meeting regulatory requirements.

Ripple's recent cooperation with major financial firms also aligns with this trend. In September last year, Ripple unveiled lending and trading solutions using a tokenised money market fund (TMMF) and RLUSD together with Franklin Templeton and DBS Bank. The structure focused on boosting liquidity and capital efficiency and strengthening trust by combining a regulated stablecoin and tokenised assets.

Around the same time, Ripple partnered with Securitize to enable investors in BlackRock's BUIDL fund and VanEck's VBILL fund to convert their holdings into RLUSD. It tested a structure that provides smart contract-based 24-hour liquidity for tokenised U.S. Treasury products.

In November, Mastercard, together with Gemini and Ripple, began a test using RLUSD for card-payment settlement on the XRPL. The test aimed to verify whether a regulated stablecoin on a public blockchain can increase banks' payment processing speed and transparency.

The market sees these moves as an occasion to reassess XRP's position. That is because the idea is being highlighted that XRP is not just a trading target but can function as a bridge asset within a blockchain that handles large-scale financial activity. Torteman also reported that there is a view that holding XRP is not a speculative tool but an "exposure to infrastructure that underpins transparent and efficient inter-asset transfers".

So far, the disclosed cases show Franklin Templeton, BlackRock and Mastercard at the level of testing or linking Ripple- or XRPL-related structures, and it appears that the actual scope of adoption by institutions and the pace of expansion will need to be watched further.