Independent research

Methodology

X-Index (xindex.info) is an independent community research directory of documented Ripple, XRPL, and XRP connections. It is not affiliated with Ripple, the XRP Ledger Foundation, or any listed organization. Last updated 2026-09-09.

What the index measures

The home view is a directory: one row per organization, grouped by documented product (RippleNet, xCurrent, ODL, RC Cloud, XRPL, XRP, and others). Filters for Ripple-the-company versus XRP & XRPL, headquarters country, and organization type narrow the list. Multiple claims or sources for the same organization count once. A longer list does not mean greater transaction volume, government endorsement, or national adoption. The database is not exhaustive.

A past announcement is not a current-day connection. Pilots end, products are discontinued, banks are sold or liquidated, and a 2014 or 2016 press release does not establish 2026 production. Historical and discontinued records are in the default list, marked Historical or Ended. Use Filters to hide them.

Second-order hops are not usage. A parent, acquirer, or customer of a listed organization (Visa via Earthport, Groupe BPCE via Fidor, Papaya via Azimo, HSBC or DekaBank via Metaco) is recorded only when the hop itself is sourced. Those rows are in the default list with a Second-order chip, never inherit ODL/XRP product chips, and do not increment the sourced organization count. A chain of business links is not evidence that the outer organization uses XRP. Use Filters to hide them.

Countries have three coverage states: not yet researched; researched with no matching connections found for this release; and one or more documented connections. Absence of located evidence is not proof of non-use.

Each row shows country flags for headquarters plus every country named on a sourced claim. The filter list beside the index lists those countries; tap a country to show only matching organizations, tap again to clear. Tap BRICS or OPEC to show only rows whose headquarters or sourced activity country is a current full member — Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, UAE, Indonesia and Saudi Arabia for BRICS (2026); the opec.org roster for OPEC. The mark is the country, not a partnership with the bloc, and not national XRP adoption. BRICS partner countries are not marked as members.

How status chips work

Each row carries a status chip so historical and second-order records can sit in the same list without looking like current customers. The chip is computed from flags already on the claims. It is not a new investigation, not a credit rating, and not a statement that Ripple or the organization still stands behind the deal.

Live. At least one claim is live or integrated, is not marked historical, and is not a second-order hop.
Pilot. The strongest remaining claim is testing or a pilot. That is not evidence of live production.
Announced. The strongest remaining claim is announced, paused, or unclear. It may never have gone live.
Historical. Sourced claims are past announcements. A 2016 press release is not a 2026 connection.
Ended. Every sourced claim is discontinued.
Second-order. Only a parent, acquirer, or vendor hop is sourced. That is not evidence this organization uses XRP or Ripple products.

If an organization has mixed claims, the strongest chip wins: a live product plus an old press release still reads Live. Open the row for the sourced statements.

This expansion (v0.5.4) adds names from the widely circulated partner-logo collage whenever a citable news or company page actually states a Ripple, XRPL, or XRP connection. Multiple independent articles remain enough to include a record; those claims stay labeled secondary, usually at stage “unclear” or historical, with identity caveats. A cluster of syndicated rewrites of one leaked deck is still one underlying document — enough to record the reported claim, not enough to mark live production. Overlay claims that collapse two separate products (Finastra or Volante + FedNow = XRP; Swift Digital Ledger = Ripple; Visa buying Earthport = Visa uses XRP; a prior Ripple bank = member of a later stablecoin consortium) are still not added as direct XRP usage. Japan Bank Consortium / RC Cloud membership and Ripple Series A shareholding are labeled as technology or equity, not XRP. Sports sponsorships (Florida, Kansas) are marketing, not payments. Only claims whose sources name XRP, xRapid, or On-Demand Liquidity sit on the XRP layer. v0.5.3 records institutional mentions — Shariah screens, IMF and World Bank staff notes, a Bank of England Interledger proof of concept, a Federal Reserve task-force proposal assessment, Banque de France hosting a Ripple-authored article — as research mentions or historical tests, not as customers or national adoption. A CBB-licensed adviser’s XRP row is not “Bahrain certified XRP.” v0.9.8 adds SRB’s March 2022 Sharia Analysis PDF of Ripple/XRP (utility-as-bridge opinion; the live page uses negative-assurance wording and an explicit CBB disclaimer) and Ripple’s 2023–2024 seat on the BIS CPMI Cross-border Payments Interoperability and Extension (PIE) task force. That seat is historical: the public 2025-onwards composition does not list Ripple. A committee membership is not a BIS contract and not XRP as a G20 settlement asset. v0.5.4 continues the collage pass: remaining logos with a stating page (NBF and BankDhofar via IndusInd, UAE Exchange which contemporaneous reporting said would not use XRP, Shinhan/Woori xCurrent, xVia originators, Digital Pound Foundation, Hex Trust XRPL custody and wXRP, CasinoCoin issuance, BitPay XRP merchant acceptance, Flutterwave Series E, Securitize RLUSD, Fubon e-HKD CBDC-platform pilot, Faysal xCurrent, Japan Post Bank consortium, NAB/BMO/Huarui 2016 network names, PolySign as parent of acquired Standard Custody). RLUSD is not XRP as a bridge. A private CBDC platform built with XRPL technology is not public mainnet. identitii and overlay names still have no qualifying page. v0.5.5 is an inventory audit of previously sourced connections: CBW Bank now has its own record (it had been cited only via Yantra and Cross River), Komainu and Licuido are recorded from Aviva’s XRPL fund launch, ZILO and Licuido from Ripple’s 3 August 2026 investment release, and Seagate, ChinaRock and Wicklow from the Series A announcement already in the dataset.

Ripple, XRPL, and XRP are separate

A relationship with Ripple the company does not establish use of Ripple technology. Ripple technology usage does not establish public XRP Ledger usage or XRP as a bridge asset. For XRP, the atlas records the documented role: network fees, bridge liquidity, trading, custody, collateral, or other. Public XRPL mainnet, test networks, private ledgers, and sidechains are labeled separately. A private platform using related technology is not automatically public XRPL adoption.

Layers

All documented direct connections (indirect excluded by default).
Ripple corporate: customers, partnerships, investments, acquisitions, other.
Ripple technology: a named Ripple product or service.
XRP Ledger: tests, pilots, integrations, deployments, issuances.
XRP usage: a documented role for the XRP asset.
Indirect: relationships through another connected organization, labeled by step count.

Adoption stage

Stage is stored per claim, not per organization. Integrated means a capability has been implemented; it does not automatically establish active commercial use. Live requires evidence of actual operation, with the basis stated on the claim. Historical and discontinued records are preserved and omitted from default map totals until you include them.

Evidence

Preferred sources are original company announcements, official technical documentation, central-bank publications, regulatory documents, institutional reports, and attributable on-chain evidence. Social posts and secondary reporting are labeled as such. From v0.5.1, two or more articles can support inclusion even without a product page; the claim remains secondary, and a single leaked deck rewritten by many outlets is not treated as live production. Confirmation that an announcement exists is not independent verification that the announced activity occurred. On-chain evidence requires a stated basis for attributing addresses. This release does not include independently attributed on-chain address maps.

Geography: headquarters and activity countries are stored separately. A multinational is not assigned to every country where it operates without supporting evidence for that country.

What this release is not

It is not self-updating news monitoring. It is not an official Ripple map. Community suggestions do not change public counts until a reviewer edits the dataset. See the data guide to add or correct records. For accounts that surface new documents, see sources to follow. Opened pages that actually name Ripple, XRPL, or XRP are listed on the Documents page.

Documents versus organizations

The Documents page is a catalog of primary pages — working papers, staff notes, central-bank proofs of concept, task-force reports, company announcements, and academic papers that actually write Ripple, XRPL, XRP, Interledger, or a named Ripple product. Academic papers are labeled Academic: a student overview or conference SWOT is not a central-bank document. It is not a second copy of the organization index. One IMF note can mention several networks; one bank can appear in several documents.

Screenshots and social captions are a research trail, not a source. This index records the underlying PDF or newsroom page, with an excerpt of what that page says and a line for what it does not say. A caption that infers an IMF–Ripple partnership, an eSDR framework, or a Swift overlay is declined, even when the screenshot is widely circulated.

Stage on a document is narrower than an organization chip: Mention is a glossary line, footnote, or cited example; Pilot / test is a documented proof of concept, which may have ended; Product is a company or protocol page for a named issuance or service; Historical is a past committee seat or concluded exercise. A 2014 lecture or a 2017 task-force proposal is not a 2026 live rail.