BREAKING: NDA Reveals Ripple, JPMorgan, and BlackRock’s Secret XRPL Identity Protocol Partnership

Wall Street's biggest players just got caught in a crypto handshake. Confidential documents leak a groundbreaking collaboration between Ripple, banking giant JPMorgan, and asset management titan BlackRock—all tied to the XRPL Identity Protocol.

The Hidden Alliance

Forget what you thought about traditional finance versus crypto. This trio’s under-the-radar move signals a seismic shift toward institutional blockchain adoption. The protocol itself aims to streamline digital identity verification—cutting settlement times, bypassing legacy systems, and potentially reshaping how value moves globally.

Why It Matters

JPMorgan and BlackRock diving headfirst into XRPL isn’t just a nod to Ripple’s tech—it’s a full-blown endorsement of blockchain’s role in future finance. And let’s be real: when institutions this powerful hop into bed with crypto, you know they’ve already checked under the mattress for extra zeros.

Speculation’s brewing over whether this is a genuine innovation play or just another case of 'if you can’t beat ’em, sign an NDA and join ’em.' Either way, the lines between crypto and traditional finance just got a whole lot blurrier.

Ripple’s Alleged Blueprint for Identity-Linked Settlement Rails

Using the alias Lord Belgrave, the anonymous ex-banker shared excerpts of a Mutual Non-Disclosure and Strategic Cooperation Agreement.

It hints at a broader convergence of finance, digital identity, and compliance on the XRP Ledger (XRPL). A Swiss banking major and a US blockchain infrastructure company are reportedly involved.

4/The Agreement further stipulates:

“This Agreement governs the exchange of non-public information necessary to evaluate joint operational models and potential participation in multilayered liquidity corridors across compliant financial jurisdictions.”

The purpose clause alone raised eyebrows, making references to biometric identity mapping. Other interesting references include tokenized financial instruments and cross-border settlement via protocol-agnostic rails.

More closely, terms like “neutral, protocol-agnostic mechanisms” appear to reference bridge assets such as XRP. Meanwhile, mentions like “multilayered liquidity corridors” point toward integrating fiat rails, tokenized securities, and CBDCs under interoperable frameworks.

Perhaps most notable is the mention of biometric identity mapping, a feature rarely seen in traditional banking agreements.

This aligns with what JPMorgan recently called the foundation of Web3, citing digital identity as a prerequisite for financial integration.

“Data structures and commercial relationships will be markedly different in the Web3 era, requiring verification methods that are more streamlined, secure, and trustworthy to support them…The time is right for a new type of identification, created with digital channels in mind. Built for Web3, it will be irrefutable, immutable, and controlled entirely by the person who owns it,” read an excerpt in the JPMorgan report.

Ripple, through XRP Ledger projects, has already begun experimenting with healthcare payments.

Wellgistics Health, for instance, announced an XRPL-powered system to process transactions across 6,500 US pharmacies.

“The program enables pharmacies to pay for products and MOVE funds instantly, more cost-effectively, and with full transparency-eliminating delays, high fees, and reliance on traditional banking and credit card networks,” the firm stated.

Coupled with BlackRock’s XDNA ETF launch on July 4, which some see as a symbolic step toward blockchain-based health finance, the pieces suggest an identity-finance-healthcare convergence.

6/➫ Now here’s where it gets eerie:

❍ BlackRock has an ETF called $XDNA that invests in genomics and health data

❍ On July 4, 2025, a crypto token called $XDNA launched on the XRP Ledger

❍ Its focus? Sovereign DNA identity and encrypted medical records. pic.twitter.com/rLjLt4xej2

XRPL is at the Crossroads of Politics and Fundamentals

The timing also feeds into a political narrative. US President Donald TRUMP has pushed digital healthcare reform, while BlackRock’s XDNA ETF arrived the same day his administration unveiled cost-cutting measures in the sector.

Crypto commentators speculate this was not a coincidence but a coordinated pivot toward on-chain health data and payments.

(8/) It was never random, they’ve been quietly laying the rails for it all on XRPL.

Trump’s One Big Beautiful Bill slashed healthcare spending.

Then came his Digital Health Tech Ecosystem.

At the same time, BlackRock’s $XDNA was launched on XRPL on July 4th.

And JPMorgan… pic.twitter.com/h0Xxb7e9uO

Meanwhile, Ripple’s global outreach, through partnerships with Chipper Cash, Onafriq, and regional expansions across MENA, appears to support a “DNA Protocol” quietly onboarding labs and service providers in Africa.

The goal, critics argue, could be embedding identity-linked settlement systems into global finance from the ground up.

Meanwhile, supporters view it as evidence that Ripple is laying the rails for a neutral, institution-grade settlement backbone.

Elsewhere, fundamentals challenge XRPL’s technical outlook, showing that they do not match the hype. Recent reports flagged a 38% decline in transaction count, with only $90 million in total value locked (TVL) despite a $190 billion market valuation.

This contrast captures Ripple’s crossroads. Is the XRPL an underappreciated global backbone for digital markets, or a dangerously overvalued bet on unrealized potential?

The XRPL team did not immediately respond to BeInCrypto’s request for comment.