DXC Technology has partnered with Ripple to build digital asset custody and payment capabilities directly into its Hogan core banking platform, the system currently supporting more than 300 million deposit accounts and over $5 trillion in deposits globally. That scale is what makes this partnership worth paying attention to.
Why banks avoid blockchain, and what changes here
Most banks don’t deploy blockchain infrastructure because replacing a core banking system is a multi-billion-dollar, multi-year undertaking. So digital asset projects stay stuck as pilots that never reach production. DXC’s approach sidesteps that problem entirely: instead of replacing Hogan, they’re embedding Ripple’s custody and payment capabilities directly into it. Banks already running Hogan can now offer digital asset services without a system replacement or a multi-year compliance review.
DXC calls this “last-mile connectivity,” bridging regulated banking infrastructure that institutions already trust with digital asset platforms they’d otherwise have to build from scratch.
What’s actually included
The integration brings several specific Ripple products into Hogan: Ripple Payments for licensed cross-border transfers, Ripple Custody for institutional-grade digital asset management, and RLUSD as a stable digital currency option within the system. XRP is incorporated across the platform’s various functions. The integration also enables programmable payments, where transactions can execute automatically based on predefined conditions, cutting down on manual processing.
Part of a broader pattern
DXC isn’t alone here. Other core banking technology providers are making similar moves: Finastra and Fiserv have both partnered with Circle to bring stablecoin capabilities into their own platforms. The pattern is consistent: rather than banks replacing their core infrastructure, digital asset functionality is getting embedded into systems they already operate.
Sandeep Bhanote, DXC’s Global Head and General Manager of Financial Services, framed the goal as connecting traditional accounts, wallets, and decentralized platforms at enterprise scale without requiring banks to change their core systems. That’s a meaningfully lower barrier than what institutional blockchain adoption has looked like up to now.
The practical implication: when a platform touching 300 million deposit accounts adds native digital asset rails, the friction that’s kept most banks on the sidelines starts to disappear. Corporate clients won’t need separate wallets. Retail customers stay inside their existing banking app. Whether that translates into fast, widespread adoption or a slow rollout depends on how individual banks choose to activate it, but the infrastructure barrier that used to stop this conversation is gone.
Educational only, not tax, legal, or investment advice. Check primary sources and speak with a qualified professional before making financial decisions.
