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Ripple Swell has drawn reports of a planned appearance by U.S. Treasury Secretary Scott Bessent, as the company has announced a Robinhood partnership covering RLUSD, institutional financing, and treasury management.<\/p>\n
\n Summary<\/span>\n <\/p>\n <\/p>\n Ripple\u2019s October 27 announcement<\/a> describes an agreement spanning both Robinhood\u2019s customer services and its internal financial operations. Separately, a social-media post reproduced by KuCoin says Bessent has been added to the conference\u2019s speaker list, following the company\u2019s announcement of final approval for its national trust bank.<\/p>\n Swell runs October 27\u201329 at The Shed in Manhattan. The Bessent claim remains unconfirmed by an accessible Treasury announcement or a readable official session listing, and no verified transcript establishes what he intends to discuss.<\/p>\n On the official conference website, Ripple advertises more than 1,500 attendees, over 80 sessions and more than 100 speakers across three stages. The organizer\u2019s currently accessible homepage gives a lower speaker threshold than the 150-plus figure circulating with the Bessent story.<\/p>\n In its September 29 program announcement, Ripple outlined three tracks covering institutional finance, the XRP Ledger ecosystem and research. The event combines Swell, the developer-focused Apex gathering, and UBRI Connect, which serves the company\u2019s university blockchain research network.<\/p>\n <\/p>\n Robinhood executive Johann Kerbrat is scheduled to speak with Ripple President Monica Long about access to digital assets and financial services, according to that announcement. BNY\u2019s Laide Majiyagbe and Tradeweb\u2019s Billy Hult are listed for a discussion involving trading, liquidity and settlement.<\/p>\n Earlier coverage identified former Reserve Bank of India Governor Raghuram Rajan as a participant in the invitation-only Institutional Summit<\/a> opening Swell week on October 27. The September 6 article described the summit as a gathering for banks, asset managers, payment companies and other institutions.<\/p>\n Rajan led India\u2019s central bank from September 2013 to September 2016 and previously served as the International Monetary Fund\u2019s chief economist. The earlier coverage identifies his current academic position as professor of finance at the University of Chicago Booth School of Business.<\/p>\n For Robinhood customers, Ripple\u2019s announcement distinguishes existing RLUSD availability from products expected later. The stablecoin is available on Robinhood Chain and Bitstamp by Robinhood, while a launch inside the Robinhood app is expected before year-end.<\/p>\n Institutional settlement will use RLUSD on the XRP Ledger, according to the companies\u2019 announcement. Robinhood plans to integrate Ripple Treasury for cash and liquidity management, forecasting, payments, risk management, and intercompany netting.<\/p>\n The financing relationship covers lending and margin financing across roughly 20 digital assets through Ripple Prime. Prime clients can trade spot on Bitstamp, with perpetual futures support planned later in the year.<\/p>\n \u201cUtility is what moves stablecoins forward,\u201d Kerbrat said in the release. The announcement identifies 28.6 million funded Robinhood customers globally, without specifying how many will use RLUSD or which customers will receive each service.<\/p>\n Long described the agreement as spanning \u201ccustomer-facing offerings and core financial operations.\u201d Neither executive disclosed a contract value or revenue target for the relationship.<\/p>\n In its October 26 bank announcement, Ripple said the Office of the Comptroller of the Currency had granted final approval for Ripple National Trust Bank, following conditional approval in December 2025.<\/p>\n The approved activities include management of segregated RLUSD reserves, service as collateral trustee for holders, and fiduciary digital asset custody, according to the company. Its release describes custody authority as available upon opening.<\/p>\n RLUSD issuance will remain with Standard Custody & Trust Company, the New York-regulated limited-purpose trust company, Ripple said. The national bank adds federal supervision to the reserve arrangements without replacing the named issuer.<\/p>\n \u201cFor years, we\u2019ve said crypto and banks work better together,\u201d Garlinghouse said in the announcement.<\/p>\n Ripple identified BNY as RLUSD\u2019s primary reserve custodian and said backing includes dollar deposits, U.S. government securities and cash equivalents. The company said it publishes monthly independent third-party attestations covering reserves and circulating supply.<\/p>\n The release refers to continued work with the OCC and New York regulators as the bank begins operations and the United States implements the GENIUS Act framework.<\/p>\n Before this week\u2019s announcements, crypto.news previously reported Ripple\u2019s selection of Matt Damon<\/a> as a keynote speaker on August 30. Damon and fellow Water.org co-founder Gary White appear in the organizer\u2019s September program, which describes their work involving Ripple Payments and RLUSD transfers for water and sanitation financing.<\/p>\n Bullish Chairman and CEO Tom Farley is another named speaker. Ripple\u2019s program assigns Garlinghouse conversations with Farley and the Water.org founders, while technical sessions include David Schwartz and RippleX engineering executive Ayo Akinyele.<\/p>\n In a separate October 26 development, Aviva Investors launched a tokenized share class<\/a> of its Sterling Liquidity Fund on the XRP Ledger, committing \u00a350 million to the offering.<\/p>\n The fund\u2019s \u00a322 billion asset figure covers the conventional portfolio, not assets moved onto the blockchain. Aviva\u2019s tokenized sterling shares use a digital-twin structure, while BNY Mellon remains custodian of the underlying fund assets.<\/p>\n <\/p><\/div>\n\n\n
Ripple Swell brings banking and crypto executives together<\/h2>\n
Robinhood partnership sets out live services and planned launches<\/h2>\n
Ripple says trust bank will oversee RLUSD reserves<\/h2>\n
Swell program includes fund tokenization and payments<\/h2>\n