Ripple President Monica Long says the company is seeing a shift in how financial institutions use its technology. New capital market deals are coming in response to institutional demand, she said. And the era of bank pilot programs is ending.
Why the pilot phase is ending
Long declared that banks are no longer just testing the waters. Instead, they are moving actual assets onto the XRP Ledger in production. That marks a clear departure from the small-scale experiments that defined earlier adoption. The move to full asset migration is being driven by the institutions themselves, according to Long.
What the new deals look like
The new capital market deals Long referenced are a direct result of that institutional demand. She didn't name specific banks or firms, but described the trend as broad. The deals involve moving real assets onto the XRP Ledger, not just running trials. That means the technology is being used for live transactions, not proofs of concept.
With the pilot phase behind them, the focus is now on scaling. Long's comments suggest that more institutions are preparing to follow the same path. The question is how fast the migration will happen and whether other blockchain networks will see similar shifts. For now, Ripple is betting that the XRP Ledger's speed and low cost will keep drawing in new business.
