C2FO, Ripple, and BNY Test Tokenised Invoice Finance on XRP Ledger

A pilot from C2FO, Ripple, and BNY is testing whether approved invoices can become instant financing and settlement events on the XRP Ledger.

Updated

What is this trend?

C2FO, Ripple, and BNY are piloting tokenised receivables on the XRP Ledger to turn approved invoices into financing and settlement events in seconds, not days.

  • Approval becomes the trigger for financing, distribution, and settlement on one digital rail.
  • The pilot tests whether invoice finance can move from 3–7 days to near-instant settlement.
  • RLUSD and tokenised invoices aim to reduce working-capital friction and manual handoffs.
  • Finance teams may need tighter control over cash conversion, exceptions, and liquidity orchestration.
  • Supply-chain finance demand is rising as geopolitical risk pushes more firms to seek flexible funding.

What’s the latest?

C2FO, Ripple, and BNY this week launched a pilot to move buyer-approved receivables onto the XRP Ledger, using tokenised invoices and RLUSD to test whether approved-invoice financing and settlement can compress from 3–7

Tokenised Invoice Finance on XRP Ledger, Private Credit Liquidity Walls Test Finance Teams

How it developed

  1. Agentic Finance Tightens Controls, Credit Risk Goes Structural, and Climate Stress Testing Goes Supervisory

  2. Agent Permissions Go Live, Collateral Quality Tightens Refinancing, and Connected Planning Reshapes FP&A

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