R3. The first bridge from Corda to a public chain, in March 2021, went to XDC and was built by LAB577. In May 2025, R3 announced a strategic partnership with the Solana Foundation and pointed its public chain work at Solana.
R3 and Quant together. They were the core technology team for UK Finance's Regulated Liability Network experiment, with Corda as the shared ledger and Overledger as the orchestration and API layer. UK Finance published the results in September 2024, with 11 member institutions involved.
Quant. In September 2025, UK Finance picked Quant to build GBTD, the tokenised sterling deposits project with Barclays, HSBC, Lloyds, NatWest, Nationwide and Santander. Monzo later joined. That is the platform where this week's live transactions ran.
The Clearing House. In June 2026, TCH and major US banks, including JPMorganChase, Bank of America, Citi and Wells Fargo, announced the On-Chain Money Initiative for tokenized deposits. On September 24, TCH picked Quant for the orchestration and transaction-management layer, connected to the RTP and CHIPS networks. Availability is targeted for the first half of 2027.
What is still connected today
Overledger and XRPL. Overledger's developer docs still cover the XRP Ledger, including an XRPL faucet page and release notes for tracking XRPL transactions. XRPL is one supported network among many.
R3 and XRPL. I found nothing current connecting them. Corda Settler's XRP module is still on GitHub, but it hasn't changed since 2019.
What I'm not saying
- I'm not saying Ripple and Quant are partners. I found no announced partnership.
- I'm not saying the GBTD or TCH networks use XRP or XRPL. Nothing in the announcements says so. These are tokenized bank deposit networks.
- I'm not saying the 2018 settlement required R3 to support XRP. People have speculated about that, but the terms were never made public.
It's a fun piece of history. Around 2018 these three were close. Since then, the bank tokenized deposit work in the UK and US has gone to Quant, and R3 has moved toward Solana. XRPL's own path runs through other channels. That doesn't make any of them the winner. It just shows where each one ended up.
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