Major banks like Barclays, HSBC, Standard Chartered, and Lloyds Banking Group reportedly discussed using the XRP Ledger to create a global liquidity network, according to a post by Lord Belgrave and shared by X-user Pumpius.

According to Pumpius, this information is a secret report connecting XRP to HSBC, Barclays, and the Bank of England.

Legacy Problems: Why Banks Are Looking for Change

The report, as described, focuses on three major pain points in correspondent banking: persistent liquidity locks, heavy messaging overhead, and multi-tier reconciliation delays. 

EXPOSED: SECRET REPORT CONNECTING XRP TO HSBC, BARCLAYS & BANK OF ENGLAND REVEALED.

A must read, especially if you’re new to #XRP https://t.co/SgfYb8UKFV

— Pumpius (@pumpius) November 8, 2025

Financial institutions, it says, “lock trillions of dollars in nostro-vostro accounts” simply to keep payments moving smoothly, while the messaging architecture (e.g., via SWIFT) dictates flow, not settlement. 

By contrast, landmark experiments by the Bank of England and Ripple showed that the Interledger Protocol enabled two simulated RTGS systems to settle cross-currency payments synchronously, eliminating reconciliation steps. 

Proposed Solution: Finite Finality on Modern Rails

According to Pumpius’s post, the confidential report shifts quickly from diagnosis to prescription. It endorses a distributed ledger architectural design built on near-instant finality, embedded compliance layers, and minimal intermediaries. 

At its core is the XRP Ledger — cited as “at the center of that design.” While public records confirm that the Bank of England’s 2017 FinTech Accelerator ran a proof-of-concept with Ripple Labs Inc. exploring ILP-based settlement, they do not confirm the exact banks, meeting venue, or full report described. 

Institutional Context & Recent Developments

The involvement of HSBC and Barclays is plausible: HSBC announced in 2023 its partnership with Metaco, a platform acquired by Ripple, to support its institutional digital-asset custody infrastructure. 

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UK Finance has launched a pilot program for tokenized sterling deposits, partnering with major banks such as Barclays, HSBC, and Lloyds, to test digital pound deposits until mid-2026. This initiative aims to modernize payments, reduce fraud, and improve settlement processes, aligning with the UK’s crypto regulation plans. 

These developments suggest a broader strategic alignment between major UK banks, tokenized-money experiments, and rails derived from the XRP ecosystem.

What We Know, and What Remains Private

Verified: The Bank of England has publicly documented a PoC with Ripple exploring synchronized settlement using ILP across RTGS systems. UK banks have launched pilots for tokenized deposits that enable programmable payments as part of an effort to modernize digital transactions.

What remains private: the exact confidential report described by Pumpius and Lord Belgrave, the meeting details at The Langham, and the final agreements or contractual commitments the report purportedly included.

In conclusion, the Pumpius post reignites the long-standing narrative that major banks and central banks are readying a tectonic shift in settlement infrastructure. While many pieces align with public disclosures, the specific report and linking of banks to the XRP Ledger remain unconfirmed in the public domain. 

For readers following the evolution of digital ledger adoption, the convergence of PoCs, pilots, and private briefings suggests one thing: the rails for moving value may finally be under redesign.

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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According to Sky News, Copper is regarded as one of the most prominent names in the fast-growing crypto sector where bankruptcy has become the order of the day over the past weeks.

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The report stated that the banking giant, which counts former chancellor Lord Hammond among its advisers, is among the new investors joining the funding round for Copper. And the fundraising is expected to be finalized within days.

Copper was founded in 2018 by Dmitry Tokarev to provide custody, prime broking, and settlement services to institutional investors interested in crypto investment.

Since the firm was launched, it has managed to attract big names in the global venture capital sector, including LocalGlobe, Dawn Capital, and MMC Ventures.

Read Also: Crypto Regulation: U.S Administrators Submit Framework to President Biden

Earlier this year, it was reported that the firm was aiming for at least a $3 billion valuation in its capital raise, but this has been scaled back due to the current situation in the crypto industry.

A number of major market participants, including Celsius and Three Arrows Capital (3AC), have been massively affected by the current bearish cycle in the crypto ecosystem, which led them to file for bankruptcy in recent weeks. Obviously, the effect of this bear market has overshadowed the euphoria of the growth recorded in the sector back in 2021.

Currently, Copper is establishing a hub in Switzerland to serve as the best alternative to the UK. The firm took this step after growing frustrated with the approach of UK financial regulators.

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The post UK Banking Giant Barclays Invests in $2 Billion Crypto Investing Firm Copper appeared first on Times Tabloid.