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Bank

Standard Chartered

BRICSLive. At least one live or integrated claim that is not marked historical and is not a second-order hop.

UK-headquartered international bank. GPSG founding member (2016). September 2016: strategic investment in Ripple and observer board seat. On 22 November 2017 Standard Chartered Singapore went live with Axis Bank on a RippleNet corporate corridor (Singapore–India). RippleNet / equity.

Headquarters
London, United Kingdom
Documented activity countries
United KingdomSingaporeIndia
Website
www.sc.com
Last reviewed
2026-09-09

Named products / networks / assets: GPSG · RippleNet

Claims and evidence

Each claim is stored at project level. Integrated means a capability was implemented; live requires evidence of actual operation.

Ripple partnershipAnnounced

Standard Chartered was named by Ripple as a founding member of the Global Payments Steering Group in 2016.

Geographic basis: Headquarters in GB. GPSG is a governance group, not a country-level payment product. · Activity: United Kingdom

Company announcement

Major Banks Launch Global Payments Steering Group

Ripple · published 2016-09-23 · checked 2026-09-09

Bank of America Merrill Lynch, Santander, UniCredit, Standard Chartered, Westpac Banking Corporation, and Royal Bank of Canada are the founding members of the Global Payments Steering Group. CIBC will also join as a new member. The group oversees Ripple payment transaction rules and standards. The release does not mention XRP.

Governance/standards group membership is not evidence of live XRP or even live xCurrent production at each bank. Santander has a separate One Pay FX record.

Open source
Ripple customerLive

On 22 November 2017 Ripple and Axis Bank announced that Standard Chartered (Singapore) was using RippleNet for live, on-demand corporate payments to Axis Bank on the Singapore–India corridor. Gautam Jain, Standard Chartered’s global head of digitisation and client access, transaction banking, is quoted on the commercial launch.

Geographic basis: Sending from Standard Chartered in Singapore; receiving at Axis Bank in India. Not assigned to Standard Chartered’s full branch network. · Activity: Singapore, India

Uncertainty: 2026 continuity of the 2017 corridor was not re-confirmed from a Standard Chartered product page. The 2017 materials do not mention XRP.

Company announcement

Ripple-powered Instant Payment Services Now Live with Axis Bank, RAKBANK, and Standard Chartered

Ripple · published 2017-11-22 · checked 2026-09-09

Ripple announced that Axis Bank (India), Standard Chartered (Singapore) and RAKBANK (UAE) would use RippleNet for live cross-border payments: real-time on-demand corporate payments from Standard Chartered to Axis Bank on the Singapore–India trade corridor, and retail remittances from RAKBANK to Axis Bank. Marcus Treacher (Ripple), Gautam Jain (Standard Chartered), Himadri Chatterjee (Axis Bank) and Peter England (RAKBANK) are quoted. XRP is not mentioned.

Live RippleNet corridors as of November 2017. 2026 continuity was not re-confirmed from bank product pages for this record.

Open source
Company announcement

Axis Bank launches Ripple-powered instant payment service for retail and corporate customers

Axis Bank · published 2017-11-22 · checked 2026-09-09

Axis Bank said it was the first financial institution in India to offer a Ripple-enabled frictionless payments experience: retail customers in India receiving from RAKBANK in the UAE, and corporate customers in India receiving from Standard Chartered Bank in Singapore. Transactions were described as reaching the destination account in minutes with certainty of settlement and end-to-end visibility. XRP is not mentioned.

Bank-primary 2017 launch. Ripple enterprise blockchain / RippleNet. Later Axis product pages were not found restating this corridor as current in 2026.

Open source
Ripple technologyLive

The named 2017 product is RippleNet / Ripple’s enterprise blockchain for cross-border payments. The Axis Bank and Ripple releases do not identify XRP as the bridge asset.

Geographic basis: Singapore–India corporate corridor. · Activity: Singapore, India

Company announcement

Ripple-powered Instant Payment Services Now Live with Axis Bank, RAKBANK, and Standard Chartered

Ripple · published 2017-11-22 · checked 2026-09-09

Ripple announced that Axis Bank (India), Standard Chartered (Singapore) and RAKBANK (UAE) would use RippleNet for live cross-border payments: real-time on-demand corporate payments from Standard Chartered to Axis Bank on the Singapore–India trade corridor, and retail remittances from RAKBANK to Axis Bank. Marcus Treacher (Ripple), Gautam Jain (Standard Chartered), Himadri Chatterjee (Axis Bank) and Peter England (RAKBANK) are quoted. XRP is not mentioned.

Live RippleNet corridors as of November 2017. 2026 continuity was not re-confirmed from bank product pages for this record.

Open source
Company announcement

Axis Bank launches Ripple-powered instant payment service for retail and corporate customers

Axis Bank · published 2017-11-22 · checked 2026-09-09

Axis Bank said it was the first financial institution in India to offer a Ripple-enabled frictionless payments experience: retail customers in India receiving from RAKBANK in the UAE, and corporate customers in India receiving from Standard Chartered Bank in Singapore. Transactions were described as reaching the destination account in minutes with certainty of settlement and end-to-end visibility. XRP is not mentioned.

Bank-primary 2017 launch. Ripple enterprise blockchain / RippleNet. Later Axis product pages were not found restating this corridor as current in 2026.

Open source
Ripple investmentLive

On 15 September 2016 Standard Chartered announced it had completed a strategic investment in Ripple and would hold an observer board seat, following a December 2015 trade-finance invoicing proof-of-concept using Ripple’s distributed ledger with DBS and Singapore’s IDA.

Geographic basis: Investment by a UK-headquartered bank into a US company. The 2015 PoC was described as involving DBS and Singapore’s IDA. · Activity: United Kingdom, Singapore

Company announcement

Standard Chartered completes strategic investment in Ripple

Standard Chartered · published 2016-09-15 · checked 2026-09-09

Standard Chartered announced a strategic investment in Ripple, an observer board seat, and a December 2015 trade-finance invoicing proof-of-concept using Ripple’s distributed ledger with DBS and Singapore’s IDA. The release does not mention XRP.

Bank-primary equity investment and observer seat. Separate from the 2017 RippleNet Singapore–India corridor.

Open source

Timeline

  1. 2016-09-15

    Standard Chartered completes strategic investment in Ripple.

  2. 2016-09-23

    Named as GPSG founding member.

  3. 2017-11-22

    Live RippleNet corporate corridor Singapore–India with Axis Bank.

Related organizations

Each link is sourced. The step count labels path length. A chain of business relationships is not evidence that the far organization uses XRP.

  • Ripple1-step · 2017-11-22

    RippleNet customer / GPSG member

  • Axis Bank1-step · 2017-11-22

    Live RippleNet corridor (SG→IN)

Uncertainties and missing follow-up

  • Whether the 2017 Singapore–India corridor still runs on RippleNet in 2026 was not independently confirmed.

X-Index (xindex.info) is an independent community research directory. v0.9.9 adds Documents from a user-supplied PDF list: ECB 2015 virtual-currency analysis, Ripple’s 2021 House of Lords evidence, Palau PSC press, a World Bank CBDC energy note citing Ripple’s XRP table, and academic papers (Jani, Mokeeva/Novosibirsk lab cite, Firouzi, etc.) labeled Academic — not institutional endorsement. A 2018 student overview is not a bank customer. v0.9.8 adds Shariyah Review Bureau’s March 2022 Sharia Analysis of Ripple/XRP (alongside the existing XRP Compliant screen) and Ripple’s 2023–2024 seat on the BIS CPMI PIE task force — a historical industry-committee membership, not a current listing and not XRP as a G20 rail. v0.9.7 adds a Documents catalog of institutional and business pages that actually name Ripple, XRPL, or XRP — a caption or screenshot is not the source. Flags are headquarters plus sourced activity countries. A BRICS or OPEC mark is country membership, not a bloc partnership. A past announcement is not a current-day connection. Counts are documented organizations in this database, not exhaustive national adoption. Last updated 2026-09-09. Not affiliated with Ripple.