Central Banks of BRICS Nations Confirm Building On XRP Network for Years

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As the BRICS alliance intensifies its push to challenge U.S. dollar dominance, fresh attention is being drawn to the digital rails being built behind the scenes. Versan Aljarrah of Black Swan Capitalist recently drew focus to a paper trail of documents showing that BRICS central banks and their development institutions have been quietly working with the XRP Ledger (XRPL) for years

His observation has sparked debate across global markets about whether the bloc’s long-term financial strategy is already leaning toward Ripple’s technology.

Evidence from BRICS-Level Documents

Archived materials from BRICS economic forums and the New Development Bank point directly to XRPL. Technical reports highlight its escrow and automation features as viable tools for trade finance and settlement

These findings suggest that the ledger is not an afterthought but a recurring study point in the bloc’s exploration of cross-border digital infrastructure. For BRICS, which has consistently sought to reduce dependence on dollar-based clearing, the ability to leverage a programmable, low-cost ledger carries significant strategic weight.

Central Bank Research and Pilots

Beyond BRICS-wide publications, individual members have conducted their own experiments. Brazil’s central bank released technical research on distributed ledgers, explicitly naming Ripple as a platform tested in proof-of-concept projects. XRP’s tech joins a prestigious club of cutting-edge infrastructures vying for a starring role in tomorrow’s monetary revolution.

The private sector in Brazil adds another layer of confirmation. Tokenization initiatives and agribusiness financing projects are already running on the XRPL, offering regulators a front-row view of how the network functions at scale

This blend of academic research, pilot testing, and live market adoption illustrates that BRICS central banks are not merely watching blockchain developments from afar.

The Meaning of “Building On”

Aljarrah’s remarks have fueled interpretations that BRICS economies may already be running critical infrastructure on XRPL. The reality, however, is more nuanced. The available record shows repeated references to XRPL in policy papers, sustained research by central banks, and tangible pilots in the private sector. What it does not confirm—at least not yet—is that entire national settlement systems have been migrated onto the public ledger.

Still, the consistent pattern of engagement points to a serious and deliberate strategy. For years, BRICS governments and their institutions have invested time and resources into studying XRPL’s features and testing its compatibility with their financial frameworks.

Implications for Global Finance

Should BRICS take the next step and adopt XRPL at scale, the effect on global liquidity and cross-border payments could be seismic. XRPL’s capacity for instant settlement, programmable escrow, and tokenization fits neatly into the bloc’s long-term vision of bypassing U.S. dollar-centric channels.

For now, the evidence paints a picture of preparation rather than completion. Yet, as Versan Aljarrah highlights, the groundwork has been laid for years. The intrigue now shifts to BRICS’ bold next move: will they weave the XRP Ledger into the very fabric of their financial tomorrow?

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