An alleged leak from a former Swiss banker has ignited hypothesis about Ripple’s ambitions past funds.
If genuine, the NDA suggests Ripple’s infrastructure is being positioned as greater than a remittance instrument.
Ripple’s Alleged Blueprint for Id-Linked Settlement Rails
Utilizing the alias Lord Belgrave, the nameless ex-banker shared excerpts of a Mutual Non-Disclosure and Strategic Cooperation Settlement.
It hints at a broader convergence of finance, digital identification, and compliance on the XRP Ledger (XRPL). A Swiss banking main and a US blockchain infrastructure firm are reportedly concerned.
4/
The Settlement additional stipulates:
“This Settlement governs the trade of private data crucial to guage joint operational fashions and potential participation in multilayered liquidity corridors throughout compliant monetary jurisdictions.”
— Lord Belgrave (@LordBelgrave) August 23, 2025
The Settlement additional stipulates:The aim clause alone raised eyebrows, making references to biometric identification mapping. Different fascinating references embody tokenized monetary devices and cross-border settlement by way of protocol-agnostic rails.
Extra carefully, phrases like “impartial, protocol-agnostic mechanisms” seem to reference bridge belongings reminiscent of XRP. In the meantime, mentions like “multilayered liquidity corridors” level towards integrating fiat rails, tokenized securities, and CBDCs beneath interoperable frameworks.
Maybe most notable is the point out of biometric identification mapping, a function not often seen in conventional banking agreements.
This aligns with what JPMorgan just lately referred to as the inspiration of Web3, citing digital identification as a prerequisite for monetary integration.
“Knowledge constructions and industrial relationships might be markedly completely different within the Web3 period, requiring verification strategies which are extra streamlined, safe, and reliable to help them…The time is true for a brand new sort of identification, created with digital channels in thoughts. Constructed for Web3, it will likely be irrefutable, immutable, and managed completely by the one who owns it,” learn an excerpt within the JPMorgan report.
Ripple, by means of XRP Ledger tasks, has already begun experimenting with healthcare funds.
Wellgistics Well being, as an illustration, introduced an XRPL-powered system to course of transactions throughout 6,500 US pharmacies.
“This system permits pharmacies to pay for merchandise and transfer funds immediately, extra cost-effectively, and with full transparency-eliminating delays, excessive charges, and reliance on conventional banking and bank card networks,” the agency said.
Coupled with BlackRock’s XDNA ETF launch on July 4, which some see as a symbolic step towards blockchain-based well being finance, the items recommend an identity-finance-healthcare convergence.
6/➫ Now right here’s the place it will get eerie:
❍ BlackRock has an ETF referred to as $XDNA that invests in genomics and well being information
❍ On July 4, 2025, a crypto token referred to as $XDNA launched on the XRP Ledger
❍ Its focus? Sovereign DNA identification and encrypted medical data. pic.twitter.com/rLjLt4xej2
— 𝗖𝗛𝗔𝗜𝗡 𝗠𝗜𝗡𝗗
(@0xChainMind) XRPL is on the Crossroads of Politics and Fundamentals
The timing additionally feeds right into a political narrative. US President Donald Trump has pushed digital healthcare reform, whereas BlackRock’s XDNA ETF arrived the identical day his administration unveiled cost-cutting measures within the sector.
Crypto commentators speculate this was not a coincidence however a coordinated pivot towards on-chain well being information and funds.
(8/
Trump’s One Massive Stunning Invoice slashed healthcare spending.
Then got here his Digital Well being Tech Ecosystem.
On the similar time, BlackRock’s $XDNA was launched on XRPL on July 4th.
And JPMorgan… pic.twitter.com/h0Xxb7e9uO
— Stellar Rippler
(@StellarNews007) In the meantime, Ripple’s world outreach, by means of partnerships with Chipper Money, Onafriq, and regional expansions throughout MENA, seems to help a “DNA Protocol” quietly onboarding labs and repair suppliers in Africa.
The objective, critics argue, could possibly be embedding identity-linked settlement methods into world finance from the bottom up.
In the meantime, supporters view it as proof that Ripple is laying the rails for a impartial, institution-grade settlement spine.
Elsewhere, fundamentals problem XRPL’s technical outlook, exhibiting that they don’t match the hype. Current stories flagged a 38% decline in transaction depend, with solely $90 million in complete worth locked (TVL) regardless of a $190 billion market valuation.
This distinction captures Ripple’s crossroads. Is the XRPL an underappreciated world spine for digital markets, or a dangerously overvalued wager on unrealized potential?
The XRPL workforce didn’t instantly reply to BeInCrypto’s request for remark.
The submit Alleged NDA Ties Ripple, JPMorgan, and BlackRock to XRPL Id Protocol appeared first on BeInCrypto.