Fresh speculation has emerged, suggesting Ripple and a Swiss Bank are exploring digital ID, compliance, and tokenization solutions using XRP.
These rumors materialized after an anonymous figure calling himself “Lord Belgrave” claimed to have leaked part of a confidential agreement.
Rumors Suggest Ripple Working with Swiss Bank on Digital ID
Belgrave, who says he once worked as a Swiss banker, shared what he described as a section of a Mutual Non-Disclosure and Strategic Cooperation Agreement between a major Swiss bank and an American blockchain company.
Notably, if his claims are accurate, the deal could involve Ripple and XRP in efforts to build new systems for digital identity, tokenized assets, and cross-border payments.
Belgrave said the excerpt he revealed came from the agreement’s purpose clause. Specifically, it outlined cooperation to design and test real-time financial infrastructure.
This included cross-border transfers using neutral bridge assets, tokenization of regulated financial instruments, biometric identity integration, simulations of real-time gross settlement, and advanced liquidity channels for wholesale markets.
He suggested that “neutral, protocol-agnostic” language pointed toward assets like XRP as a bridge. At the same time, the reference to tokenized instruments indicated large-scale products such as sovereign debt and exchange-traded funds, rather than retail crypto.
3/🧵 Observations from a practitioner’s lens:
•“Neutral, protocol-agnostic” is technical language for bridge assets such as XRP – infrastructure that eliminates reliance on a single sovereign currency.
•“Tokenization of regulated instruments” references treasuries, sovereign…— Lord Belgrave (@LordBelgrave) August 23, 2025
He also highlighted references to “multilayered liquidity corridors,” which he says relate to the linking of fiat networks, tokenized securities, central bank digital currencies, and neutral assets under a single global framework. According to him, the agreement presented a foundation for tokenized capital markets on a global scale.
Ripple’s Role Goes Beyond Remittances
Belgrave said the full agreement also covered governance, liability, and jurisdictional issues. However, he claimed he would only release parts of it gradually for personal safety.
He argued that Ripple’s role in these projects went beyond remittance use cases. The anonymous commentator described it as an effort to build an institutional-grade settlement system. He claimed regulators had reviewed the document and that other bankers had seen similar material.
Expectedly, the claims quickly spread through the XRP community, with some linking the deal to institutions like JPMorgan and BlackRock.
Belgrave suggested that the project combined biometric identity, tokenized asset settlement, and bridge technologies like the XRP Ledger (XRPL). Still, none of the companies he named have confirmed any involvement, and no official evidence has surfaced.
Industry Context Overlapping with These Rumors
Interestingly, industry context actually overlaps with some of these suggestions. For instance, JPMorgan has publicly called digital identity a major piece of Web3, calling for more secure and efficient verification methods.
Meanwhile, Ripple has also been pushing deeper into compliance-driven projects and mainstream finance. In July 2025, the company applied for a U.S. national bank charter with the Office of the Comptroller of the Currency and a Federal Reserve master account to support its RLUSD stablecoin.
In addition, Ripple has promoted custody solutions and tokenization, projecting that tokenized real-world assets could reach $19 trillion by 2033. The firm also acquired Metaco in May 2023 to push into the custody industry.
Further, the XRP Ledger has steadily advanced its digital identity features. In October 2024, validators approved the XLS-40 Decentralized Identifier amendment, introducing self-sovereign digital IDs for KYC and AML compliance. Earlier this year, a RippleX engineer announced the Credentials feature, which would allow lightweight verification for institutions while preserving privacy.
Notably, speaking on the latest speculations, attorney Bill Morgan said the rumor looked more believable than many others that have dominated the XRP community. However, this was not particularly an endorsement from him or a suggestion that Belgrave’s claims were actually true.
One of the rumors more likely to be true https://t.co/c014tqvqo6
— bill morgan (@Belisarius2020) August 25, 2025
Despite the excitement, the story rests on unverified claims from one anonymous figure. Neither Ripple, JPMorgan, BlackRock, nor any Swiss bank has confirmed involvement, and no proof has been released publicly. This lack of evidence means investors should be cautious, even though the story aligns with Ripple’s compliance and tokenization strategy.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
