According to the external media review, there have recently been two overreadings in the discussions surrounding the United States Deposit and Settlement Corporation (DTCC) and XRP Ledger: one believed that DTCC would move to XRPL in its entirety, and the other considered that it had rejected the route. According to the article, neither of these claims accurately reflects current progress.
The current focus of the DTCC is to modernize the capital market infrastructure, one of the central directions being monetization. It was mentioned that the move was not a one-time replacement of the old system, but rather the gradual integration of new technologies into the existing liquidation and settlement system through pilot projects, industry collaboration, interoperability testing and phased implementation.
Ripple is in the discussion.
According to the article, Ripple was not excluded from the process. Instead, Ripple Prime has been involved in the United States National Securities Clearing Corporation (NSCC) system. NSCC is a subsidiary of the DTCC, which is responsible for part of the securities settlement infrastructure.
At the same time, Ripple also appeared in the DTCC Digital Asset Decoupling Working Group and participated in discussions with banks, regulators and market infrastructure providers. According to this article, Ripple has, at least, been given a place to participate in industry standards and practice discussions.
Focus on integration rather than substitution
The commentary quotes from the market analyst ' s view that financial market infrastructure such as DTCC does not normally complete the technical transition through a one-off announcement. The more common path is to complete the technical validation before moving forward with regulatory coordination, standard-setting and, finally, to the production environment.
By this logic, the block chain network is more a complement to existing financial “main roads” than a complete replacement for the old system in the short term. According to the article, the significance of XRPL in this framework is more as an interconnective technical option than as the only target network for DTCC.
XRP has entered a partial risk framework
The article also mentioned that XRP had recently been included in the DTCC liquidation and discount framework. It was observed that this did not mean that DTCC had adopted XRP or XRPL as a clearing network, but indicated that XRP had been incorporated into some of its risk management systems.
The article also refers to the view of encrypted researchers that DTCC has processed real production transactions related to DTC monetized assets, which is seen as a signal of a move from the experimental phase to actual deployment.
On the whole, it is believed that the more recent expression is not DTCC “accept” or “refusal” to XRPL, but rather that traditional financial infrastructure is gradually being aligned with block chain technology through monetization and interoperability programmes.