The European Central Bank (ECB) has discreetly included the XRP Ledger in its wholesale DLT sandbox, though access is restricted to a closed network.
According to Annex II of the ECB’s June 2025 report, 48 trials and experiments were detailed, with just one project—led by Lithuanian fintech Axiology—utilizing XRP Ledger technology.
The European Central Bank (ECB) has stated that the XRP Ledger is the main system supporting Axiology’s trading and settlement platform (DLT TSS). This is a big move that could make XRP important for issuing digital bonds across Europe, shaping future financial systems.
Axiology joined the Eurosystem’s tests under Category 1, which oversees how bonds are created by banks, companies, and governments. The platform showed it can manage the whole process of issuing bonds, paying investors, and handling payments when bonds mature.
Axiology’s system is private, and it is controlled and built using the open XRP Ledger but works separately from Ripple, the company that is behind it. This setup enables keeping digital assets safe, speeds up payments, and follows rules for regulated markets.
The ECB detailed a real-life scenario where a broker submits auction results via an API, creating escrow wallets for each distribution. The XRP Ledger then processes payments using XRP transactions by moving funds between issuer and investor wallets with metadata including wallet addresses, charges, and instructions.
Successful payments activate DVP by releasing funds from escrow to investors, ensuring secure atomic settlement and reducing the reconciliation errors that are common in traditional bond markets.
This creates a safe record that can’t be changed, reducing risks and helping regulators watch over it. The European Central Bank (ECB) likes that it lowers costs and mistakes while working with Europe’s payment and storage systems.
The inclusion of this system in the ECB’s test indicates that XRP could be significant for major financial companies. Even though Axiology is still being tested (like a sandbox), its excellent performance under ECB watch shows XRP might play a bigger role in the future of finance.
