DXC Technology has entered into a strategic partnership with enterprise crypto solutions provider Ripple to integrate blockchain capabilities directly into its Hogan core banking platform.
The collaboration aims to provide financial institutions with a streamlined path to adopting digital asset custody and payment capabilities without disrupting their mission-critical legacy systems.
Bridging the gap at scale
The integration is significant due to the sheer scale of DXC’s existing infrastructure. The Hogan core banking platform currently supports over 300 million deposit accounts and manages more than $5trillion in global deposits. By embedding Ripple’s technology into this environment, the partnership offers a bridge between traditional finance and the “onchain” economy for a vast network of existing banking clients.
The solution is designed to enable programmable payments, as well as the tokenisation, custody, and transfer of digital assets. Crucially for risk-averse institutions, it allows for the deployment of these regulated use cases without necessitating a complete overhaul of core banking systems.
Sandeep Bhanote, global head and general manager of financial services at DXC, emphasized the necessity of this infrastructure for mass adoption: “For digital assets to move into the financial mainstream, institutions need secure custody and seamless payment capabilities. Our work with Ripple brings those capabilities together in a way that allows banks to engage in the digital asset ecosystem without changing their core systems, connecting traditional accounts, wallets and decentralized platforms at enterprise scale.”
Modernisation without disruption
The partnership addresses a common pain point for banks: the pressure to modernise and compete with fintechs while maintaining complex, decades-old infrastructure.
Joanie Xie, vice president and managing director, North America at Ripple, noted that the collaboration brings specific assets—including digital asset custody and RLUSD (Ripple’s stablecoin)—directly into trusted environments.
“Banks are under increasing pressure to modernize while continuing to operate on complex infrastructure,” said Xie. “Together, we’re enabling banks to deliver secure, compliant digital asset use cases at enterprise scale without disruption.”
The initiative will utilize Ripple Payments for managing fund flows and Ripple Custody for the secure management of digital assets, stablecoins, and Real World Assets (RWAs).
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