Institutional Settlement Protocol Hundi Adopts XRP Ledger for Cross-Border Transactions
Hundi, described as an institutional settlement protocol, has integrated the XRP Ledger for its cross-border transaction infrastructure. The development was highlighted as an example of real-world enterprise use of XRPL beyond retail payments. A single source reported the item and further details on the partnership scope remain limited.
Hundi, an institutional settlement protocol focused on cross-border transactions, has adopted the XRP Ledger as part of its infrastructure. The integration positions Hundi as another enterprise-level use case for XRPL's payment and settlement capabilities.
The move aligns with Ripple's longstanding strategy of targeting institutional clients and cross-border payment corridors as the primary market for XRP and the XRPL. Institutional settlement protocols occupy a distinct segment from retail payment apps, suggesting XRPL is gaining traction at a higher tier of financial infrastructure.
Specific details about the volume of transactions, the corridors involved, or the depth of the Hundi integration have not been publicly disclosed based on available reporting. The development was surfaced by a single source, and further independent corroboration has not yet emerged.
Key facts
- •Hundi is described as an institutional settlement protocol
- •Hundi has adopted the XRP Ledger for cross-border transactions
- •No transaction volume or corridor details have been publicly disclosed
- •The integration is consistent with Ripple's enterprise-focused strategy