Share this article
Mizuho to Conduct Blockchain Payments Trial With Ripple
Mizuho Financial Group announced this week it will pilot Ripple's distributed ledger technology for use in cross-currency settlement.
By Pete Rizzo
Updated Apr 10, 2024, 3:19 a.m. Published Jul 20, 2016, 1:15 p.m.
Make us preferred on Google
Mizuho Financial Group announced this week it will pilot Ripple's distributed ledger technology for use in cross-currency settlement.
The trialhttps://ripple.com/insights/mizuho-pilot-ripple-cross-border-payments/
STORY CONTINUES BELOW
will find the Japan-based financial services firm and R3 member, along with SBI Holdings, using Ripple's payment solutions to explore how cross-border payments could be conducted between the financial institutions. R3 will act as the consultant on the project.
Representatives from Ripple said the trial is expected to evolve to the point where real payment information, and eventually, real funds, are moved between the companies. The startup, which has raised $38.6m to date, said the test could become live before the year’s end.
The trial is the latest by Mizuho that will focus on settlement, following a trial announced in March in which it used the Open Assets protocol, a top-level protocol on the bitcoin blockchain, for cross-border securities settlement.
That test included participation from Fujitsu and Fujitsu Laboratories and comes amid a broader exploration of blockchain technologies by Asia-based financial institutions.
Paper airplane image via Shutterstock
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Solana’s new phase is ‘much more about finance,’ says Backpack CEO Armani Ferrante
The Solana ecosystem has spent the past year doubling down on a financial infrastructure, Backpack CEO Armani Ferrante told CoinDesk.
What to know:
- Solana’s latest phase looks a lot less flashy than its memecoin-fueled highs, and that may be the goal.
- Armani Ferrante, CEO of crypto exchange Backpack, told CoinDesk in an interview the Solana ecosystem has spent the past year doubling down on a more sober focus: financial infrastructure. A
- fter years of experimentation as the wider crypto industry focused on NFTs, games and social tokens, attention is now shifting back toward decentralized finance, trading and payments.
Top Stories
