The Bank for International Settlements (BIS) has been found to have used the XRP Ledger (XRPL) in a blockchain experiment to verify the source of official economic statistics and whether the data has been tampered with. The fact that XRPL, known primarily for remittances and digital asset trading, has been tested as a technical means of verifying the reliability of official statistics raises the possibility of expanding its areas of use.

According to overseas cryptocurrency media outlet ZyCrypto, BIS stated in a recently published working paper that it tested a proof-of-concept (PoC) system capable of independently verifying the source and integrity of official statistical data.

■ Limitations of the SDMX Standard Supplemented with Cryptographic Fingerprints

This research stems from the awareness that economic statistics are spreading rapidly through digital platforms and that automated systems, including artificial intelligence (AI), are increasingly collecting and processing data directly. BIS pointed out that while official economic statistics have a significant impact on monetary policy, financial stability assessments, and the accountability of public institutions, the SDMX standard used internationally for exchanging statistical information alone has limitations in allowing users to independently confirm whether the data actually came from the stated issuing institution or was modified after publication.

To address this, the researchers applied a method of generating cryptographic fingerprints for each dataset. Instead of putting the entire raw statistical data on the blockchain, a compressed value representing the characteristics of the data is generated and then recorded on the ledger. Users can then compare the files they hold with the blockchain records to confirm whether the data is identical to the original. Cryptographic fingerprints of multiple data sets are combined into a single value and recorded through XRPL transactions. The distributed data files were also designed to include information that can verify the identity of the issuing institution and whether the content has been altered.

■ Median Posting Time of 3-5 Seconds, Verification in 1-2 Seconds... Real-Time Usability Confirmed

Processing speeds also confirmed the possibility of real-time use. According to BIS research results relayed by ZyCrypto, in a controlled experimental environment, the median time to post data was approximately 3-5 seconds, and verification took approximately 1-2 seconds. The researchers explained that this is a level applicable not only to manual verification by humans but also to automated systems that process economic data in real time.

This experiment was conducted on XRPL DevNet, a development and testing environment, rather than the operational XRPL mainnet. The researchers cited low transaction costs and fast transaction finality as reasons for choosing XRPL as the test subject. They also analyzed that bundling multiple datasets into a single ledger record could significantly reduce on-chain costs.

■ A Proof-of-Concept Stage, Not 'Official Adoption'... Caution Against Over-Interpretation

However, this research should not be over-interpreted as BIS officially adopting Ripple (XRP) or XRPL. The BIS experiment is, at its core, at the proof-of-concept stage. Nor does it mean that the International Monetary Fund (IMF) or the World Bank currently issue official statistics using XRPL.

Nevertheless, the fact that XRPL was actually tested as infrastructure for verifying the authenticity and integrity of official economic statistics in research by an international financial institution is noteworthy. It presented a case suggesting that XRPL's potential scope of use could expand beyond payments and asset transfers into the field of data authentication.

■ XRPL Stored Assets at 6-Quarter High... DEX Trading Share Rises to 81%

Meanwhile, the scale of assets stored in the XRPL ecosystem has recently increased. According to Evernorth's Q2 2026 report cited by ZyCrypto, assets stored on XRPL during the quarter averaged $4.26 billion, the highest level in the past six quarters. On the other hand, the average daily number of accounts participating in orderbook trading on the XRPL decentralized exchange (DEX) decreased from 1,864 in the same period last year to 1,111. During the same period, trading volume per account increased about threefold from 1,072 XRP to 3,217 XRP. The share of DEX trading in total transactions also rose from 54% to 81%. In other words, while the number of participating accounts decreased, trading volume per account and the concentration of DEX trading increased.

This BIS experiment does not imply an increase in the price of Ripple (XRP) or direct demand. However, the fact that BIS researchers tested XRPL as a technical foundation for verifying official statistical data can be evaluated as an example demonstrating XRPL's potential for use in non-payment fields.

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