The Central Bank of the Netherlands recently spent months relocating $11 billion in gold from New York to London. About 70% of it never physically moved. The bank sold the gold in New York and repurchased it in London.
Crypto commentator Pumpius (@pumpius) highlighted this as a defining example of how traditional finance still operates in 2026 using decades-old settlement infrastructure. Ripple CEO Brad Garlinghouse had already raised the same case. Pumpius drew attention to the post, stating that the CEO hit the nail on the head and banks hate what he said.
He noted that Germany once took four years to move 674 tons of gold, worth $36 billion, from vaults in Paris and New York. These are not edge cases. They show how central banks routinely rely on outdated systems to transfer values on a global scale.
🚨 Ripple CEO Brad Garlinghouse Just Hit The Nail On The Head And Banks Hate What He Said!
Ripple CEO EXPOSED How The Netherlands Spent MONTHS Moving $11,000,000,000 In Gold While Tokenized Gold On The XRP Ledger Does It In SECONDS
Ripple CEO Brad Garlinghouse just called out… https://t.co/qk0EC3Ehol pic.twitter.com/nzz5Gbbou3
— Pumpius (@pumpius) September 5, 2026
Garlinghouse’s Argument
Garlinghouse noted that in the same period spanning those two gold-moving stories, crypto grew “from a $1.5B experiment to a $2.7T asset class.” That growth came with real liquidity and functioning financial infrastructure. What did not change was how central banks move value. His post states they are “still moving value the way they did in the 1940s.”
He extended the point beyond finance. Self-driving cars now navigate city traffic. AI has reshaped how people work. Starlink provides internet access almost anywhere on Earth. Yet the most efficient method available for moving large stores of value remains largely ignored by the institutions that need it most. Garlinghouse called this “confounding.”
XRP Ledger and Tokenized Gold
This is where XRP’s infrastructure becomes relevant.
On the XRP Ledger, tokenized gold via $XAUa swaps into $XRP and $RLUSD through Trensik in approximately four seconds. The gold stays in the vault. Ownership transfers on the ledger with no physical logistics, months of coordination, or settlement delays.
Pumpius identified this as the core use case. He described crypto as “storing and then moving value instantly, securely, around the world, at little to no cost.” The XRP Ledger provides the settlement layer that makes this possible at speed.
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A Structural Gap in Traditional Finance
The Netherlands situation puts a number to the inefficiency. $11 billion took months to relocate through traditional channels, most of which involved no physical movement anyway. The XRP Ledger processes the equivalent transaction in seconds. That gap is measurable and significant.
Garlinghouse asked: “How are people still fighting this?” It is a reasonable question given the data. Institutions with the largest volumes of value to transfer stand to benefit most from blockchain settlement.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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