BIGGEST BANK WORLD WIDE JUST SWITCHED ON XRP!??!

Added: 2026-04-30

[00:00:00]Another hidden partnership with the largest asset manager in the world, BNY Mellon and Ripple. We're going to get into what the partnership is and why it's going to be important. We also need to take a look at hacks that have happened over the last 12 months. We've seen the majority of these hacks happen on Ethereum and Solana with barely anything happening on the XRP ledger. If you're a financial institution, you are definitely keeping track of who's being hacked and who's not at this point and the XRP ledger is looking like a pretty good place to build right about now.

[00:00:31]Let's get into all of the news and updates. I got you. Thank you so much for joining me, guys. It's always an honor to spend this time with you. Let's jump in. Ripple CEO Brad Garlinghouse posts lock-in to OKX. Now, something big is going on in Vegas. We've seen a lot of exchanges now talking about XRP.

[00:00:47]We've seen XRP littered all over Vegas even when Bitcoin Vegas is going on. You just look outside and then you see XRP and you know, I think Ripple has done a great job solidifying XRP as a global bridge asset that is going to reshape how value moves around the planet. It just fills me with joy, passion, and love when I'm speaking about XRP and Ripple, man. I think any company in the blockchain space is looking up to Ripple. Like, how can we create what they are doing because, man, they are far ahead of most other blockchain infrastructure companies. Now, Bank XRP says the legendary skull of Satoshi is back at the Bitcoin conference in 2026.

[00:01:28]Shout out to Ripple and Brad Garlinghouse for donating this beast originally built to fund Bitcoin's energy usage, now a symbol of resilience for the Bitcoin community and they proudly display it. I think this is great. Uh, you know, I think Brad Garlinghouse and the Ripple team thought, you know, this is something that they could show the world that, hey, Bitcoin has heavy energy usage and that use usage is going to lead to, uh, you know, maybe issues with the planet or whatever. And so, Bitcoin said, "Hey, you know, we'll take this. This is a beautiful work of art and we'll display it proudly." I think that's, uh, you know, one Ripple and one Bitcoin community, right? I would have done the same thing, man. This is not something you keep locked away somewhere. This is This is really a unique piece. I've never seen it before and I wanted to share it with you. Let me know what you guys think about it.

[00:02:12]All right. So, let's get into the hot news of the session. Ripple and BNY and AstroPay XRP. So, my man Chart Nerd is posting this. Says AstroPay delivering CAS 15 readiness through a partnership with BNY. AstroPay is a payments provider operating across multiple markets in the UK. The firm offers wallet that enables peer-to-peer transfers and app currency exchange with rates and any applicable fees displayed before user confirms the transaction.

[00:02:42]Globally, it's widely recognized for its multi-currency wallet and debit card proposition supporting travelers and remote workers including customers moving between South America and Europe.

[00:02:55]And also here connecting this AstroPay launches first Latin American money service business on the Ripple protocol.

[00:03:02]And then we just got this news today here with CAS 15 requirements set to go live in the UK on the 7th of May, 2026.

[00:03:10]BNY's new white paper audit ready safeguarding a CAS 15 field guide breaks down the regulation into clear actionable steps and includes a case study for AstroPay OK and preparing for the new obligations. Explore the governance considerations, daily reconciliation requirements, and secure investment options and practical operating model implications. So, that is a lot of, uh, a lot of buzzwords there. I'm not going to read you through all of this because it probably probably will put you to sleep here, but I did want to give you a little bit more information on what's going on here.

[00:03:42]Based on the tweets and BNY's white paper, this collaboration connects three separate entities through the UK regulatory compliance with AstroPay serving as the bridge between BNY's CAS 15 compliance services and historical Ripple infrastructure. BNY published the white paper that I just showed you here and it's for information going live here on May 7th. AstroPay is a multi-market payments provider operating a wallet service in the UK that enables peer-to-peer transfers and in-app currency exchange. The company partners with BNY as a safeguarding bank to support custody and liquidity activities across regulated entities in its group.

[00:04:17]Now, we've seen Ripple and BNY working together on multiple avenues here. It would make sense that there are other partners that we just don't talk about or we just don't know that are going to come to to light here, right? Ripple's put a lot of time effort into the BNY relationships over last several years just as Ripple puts time into the Franklin Templeton relationship.

[00:04:37]Franklin Templeton is now a $1.7 trillion dollar asset manager and BNY sitting at 53 trillions assets under custody. Now, if BNY started to tokenize a lot of those assets under custody and, you know, maybe Ripple gets the nod, right, to to help with some of that and that could be a huge leap forward. Now, Ripple connects to the story through AstroPay's historical 2014 launch of Ripple's LatAm, the first Latin America licensed money service business to use the Ripple protocol. That partnership enabled instant cross-border B2B, business-to-business payments across seven countries. Those countries include Brazil, Chile, Colombia, Mexico, Peru, Argentina, and Uruguay. By connecting the Ripple protocol with local retail bank networks. And so, this new CAS 15, what it actually means is daily reconciliation of client funds, automated workflows, independent annual audits, and safeguarding compliance, board level governance with formality, designated safeguarding with officers, maintained resolution packs with specific documentation proving where client funds are held and separating client funds from company funds in designated accounts. This is really kind of boring stuff maybe for you and I, but if you are a financial institution or a business, all of this stuff should make a lot of sense to you and, uh, Ripple is at the heart of compliance in this blockchain space. Says AstroPay's implementation strategy through its partnership with BNY, AstroPay has achieved several measurable outcomes.

[00:06:03]Those outcomes are allocated 40 to 50% of safeguarding funds into diversified money market funds across USD, euro, and Great British pound while maintaining conservative risk profiles, generated annual yields well above bank deposit rates producing meaningful returns within months, substantially automated safeguarding reconciliations to reduce operational risk and human error as transaction volume scale, reduced operational fragmentation across regulated entities. Let me know if you guys have any questions about any of this, uh, but that is great to see and always I'm going to bring you the latest and best XRP and crypto information ever, right? Every day I get up, I spend 10 to 12 hours on X per day. Not great for your mental health, but this is where I find a lot of the information that I provide to you guys. So, if you want to stay up with crypto, you don't maybe have the full time to do it yourself, I got you. Make sure you're subscribed, turn the bell notification on, and you will be, uh, all of my content will be put in front of you.

[00:07:00]Fiat connectivity, stablecoin issuers, blockchains equals Ripple and Stellar.

[00:07:04]Here is some interesting information.

[00:07:06]Let's kind of look at what this back-end infrastructure looks like for stablecoins. So, up here we have the on and off-ramps. This is kind of your Stripe, your Coinbase, your MoonPay, uh, your Paxos, right? Zero Hash. You have the card issuers here, a bunch of different ones. Bridge is on here, Rain is on here. Non-card payments. So, uh, you know, this is BVNK where Mastercard just bought them. Uh, you got Stripe on here, you have Coinbase on here as well.

[00:07:30]Orchestration, different companies here.

[00:07:32]And then, of course, chain cross-chain orchestration. This is where your act your layer zero. Layer zero has been having some issues. Chainlink Circle, Haliday. Liquidity providers here. You have, uh, FalconX, Open F, Jump, Wintermute. Some Some companies you probably know. Regional stablecoin exchanges, BVNK here's again. All right, there's only so much infrastructure right now and this is why you're going to see a lot more companies out here acquiring. You also have Yellow Card on here as well building in the X space.

[00:08:03]Compliance and data. You have on-chain data tools. You have wallet and custody infrastructure. Again, BVNK, Medico's here. Love to see that. Fireblocks is here. BitGo is here. Fireblocks is also working with Upstate who is a crypto brokerage. Link down in the description if you want to support the channel and you want a solid brokerage, they have a 45% discount for Crypto Sensei subscribers if you use my link. And so, if you really want the feel of getting a full crypto brokerage, the fees are a little higher and this is not for your average crypto trading $100 to $500.

[00:08:34]This is for people making, you know, $100,000,000 buys. They are going to really help you, you know, facilitate that and you can always pick up the phone to reach somebody 24/7. They use Fireblocks to do the custody of those assets. So, if anything ever happened to them, uh, your assets would be protected. Now, here's stablecoin issuers. Of course, you got Circle here.

[00:08:54]You have Ripple here. And then, of course, fiat connectivity blockchains.

[00:08:58]Ripple is located here. Funny that it's not It's Ripple. You notice that? You got Stellar here as well. And then, of course, stablecoin friendly banks. BNY, that is why Ripple is there. You have Cross River here. You have Standard Chartered. A lot of these banks here you see Ripple work with. Now, the back-end infrastructure. I thought we were done, huh? This is a good help you to understand kind of what companies are in the mix doing all of this stuff. So, the on and off-ramps, very similar here. You got MoonPay, you got Stripe, Coinbase, card issuers, non-card issuers, stablecoin orchestration, cross-chain orchestration, liquidity providers here, regional stables coins here, compliance tools, on on-chain data tools, wallet custody infrastructure, right? BitGo, Fireblocks, BVNK, Medico's, similar Zodia custody. And then, of course, stablecoin issuers, stablecoin friendly banks.

[00:09:43]And of course, blockchains. So, lots of stuff still happening in the crypto space. Obviously, some of these companies are probably the ones that are going to be here for the long term. You know, your Uniswaps, hopefully your your Aave's. I know a lot of people have uh, value on Ave too. Ondo, Securitize, I think Securitize is going to be a serious player here. Plume, Centrifuge, and so many others. Now, here is Ripple and Citadel in the UAE. Ripple announces a $500 million strategic investment led by Fortress and Citadel. This happened several months back. This is when Ripple is at a $40 billion valuation. I just recently saw some information about them having a $50 billion valuation. But now, Citadel receives regulatory approval to operate in Dubai. We know that Ripple has been working in Dubai for quite some time. Remember, Ripple secures the DFSA license to offer regulated powered blockchain payments in the UAE. So, love to see all that stuff starting to kick off. And of course, Securitize says tokenize everything. Ripple and Securitize enable RUSD smart contract functionality for BlackRock's Build V bill. And then of course, congratulations to Securitize to OKX for adding support for Build as collateral for trading. So, OKX has been expanding their capabilities here. Now, working with Securitize, who of course works with Ripple and XR. And maybe that's why we're seeing a lot of stuff like this, right? Because there's announcements happening in real time because around XRP Vegas. And of course, here is the comment. When a tokenized fund like Build can be posted as collateral and remain productive, it transforms from a static investment into a programmable financial building block. This is where tokenization starts to compound in value, enabling capital to move seamlessly across trading, lending, and liquidity environments without leaving the asset. On-chain collateral is quickly emerging as one of the most important use cases driving institutional adoption forward. And then of course, OKX posted this. I don't know why the the the picture didn't load here. Your collateral shouldn't sit idle. BlackRock's Build is now live as a yield-bearing collateral on OKX, safeguarded with tier one custody with Standard Chartered. Interesting, huh?

[00:11:49]Together, the world's largest asset managers and D-SIBs and global digital market infrastructure have set a new blueprint for tokenized real-world assets. Love to see that. And congratulations to OKX and congratulations to Securitize. Now, I wanted to talk about this. Sorry, we're doing this on the back half of the video. I'm glad you stayed with me through this. This month alone, there were 22 hacks and exploits across the entire DeFi and blockchain space. The total value here is $600 million was hacked so far in the last 30 days, which is a staggering number. Let's listen closely and I'll give you some more facts after this. They really shows you the XRP Ledger is well positioned to safeguard institutional assets. I mean, the thing is everybody has seen the the drama that unfolded. Very drastic. The big big amount of money is that was on the line or is on the line.

[00:12:37]>> [clears throat] >> Yeah. That was lost. And the root cause is really like sort of multiple parties, right? You had like the the Keppel DAO that was participating. And they are re-staking. That's a re-staking project.

[00:12:48]For those who don't know, it's on Ethereum. So, Ethereum is proof of stake. And but your tokens would be locked. Mhm. If you stake. And what they do is basically, they give you a liquid token back so that you can use that again to do other things in DeFi to increase yield. Okay? So, in the pursuit of increasing yield and to leverage native staking yield, people use re-staking platforms such as Keppel DAO.

[00:13:11]And so, now you get this token back when you re-stake, the liquid token, and you want to do something with it.

[00:13:16]Interoperability is is a thing now. So, [clears throat] you want to have interoperability. And Keppel DAO used LayerZero. And LayerZero is is an interoperability solution to access other chains as well, including Layer 2s on Ethereum, to bridge over to these places. And this is important to know.

[00:13:32]And the third piece is Aave. Aave is is a is is the biggest, I would say, right, lending platform. Can you say that?

[00:13:39]Yeah, biggest lending platform. Yeah, definitely.

[00:13:42]Definitely biggest, yeah. Biggest lending platform in DeFi. And they're mainly on Ethereum. They have also they are also accessible on other chains or L2s, but they're mainly on Ethereum. Or that's where they started, yeah. And so, these three are important. So, the re-staking platform, the bridging solution, and And what happened was that the bridging solution, LayerZero, their infrastructure was compromised. So, they they had problems, infrastructure compromised. But in in addition, Keppel DAO was configuring the bridge was also very vulnerable. They they basically had like a a one to one one of one signer requirement for their verification to to sign for bridging. They they chose that security model because [clears throat] LayerZero offered it in the first place.

[00:14:28]By default, very bad. And LayerZero in addition, this was not so great because they didn't really admit this much, but their infrastructure was targeted. It was compromised by North Korea. It was a state state actor. And now, the third part, this is like the the the third part, allowed borrowing against those assets.

[00:14:45]So, basically from a risk evaluation point of view from all my lending protocol, they allowed a token and their the bridged token to be used in lending while knowing how their configuration is. You can see that they have only a one of one signer. So, it was just bad also risk management from Aave. So, you see like everybody messed up. LayerZero infrastructure compromised. It had only a one one of one signer. And Aave had a bad security model because they allowed those low security tokens to be even allowed for lending. So, now you had like this huge smart and and that's argument is always that code is law and that Aave did nothing wrong because the contract just worked as intended.

[00:15:29]Everybody said that. perspective.

[00:15:31]Really, no one is responsible for it except the user, obviously. So, in the end, as always, these protocols do bad, but in the end, the user is actually the one having to burden the problem or on this case, burden the the losses.

[00:15:45]It's not it's not something because of the grave dancing part. It's always like this this thing happens, it's bad, but then obviously other protocols Yeah, this could never happen with me and this is why. And so, this is basically what happens all the time, not only in DeFi, but with wallets as well. Whenever you see a hack with, let's say, Ledger or Tangem or whatever, all the other hardware wallets will come up and say, this could never happen with me and this is why.

[00:16:10]>> Yeah.

[00:16:11]And I like you could say this is grave dancing, but I think in the end, we would all learn a lot more if we not just always tell that we are the best better product, which obviously you will do as as a product manager. You will always try to highlight that you are better than the competition. But if the general security standards would increase a lot more, then All right, let's look at the actual data here.

[00:16:34]Appreciate these guys for keeping us up to date. When you're looking at the overall context here, DeFi Llama hacks dashboard shows 518 documented hacks totaling 17 billion in losses over the last decade. Deep Strike's synthesis of 2025 data shows around 344 security incidents with about the first half of 2025 alone with nearly 2.5 billion in headline losses.

[00:17:00]Chainalysis number cited the 2024 roughly saw 2.2 billion stolen across 303 incidents. And then so, over the last 12 to 18 months, I really wanted to take a look at that. Crypto News notes 168 million stolen from 34 DeFi protocols in Q1 of 2026 alone with the largest being hit Step Finance on Solana with multiple large exploits involving Ethereum-based protocols like Kepler DAO and our Help DAO and RS ETH bridge. The Deep Strike aggregation for half 1 2025 was 344 incidents plus 2024 totals 303 incidents implies that the order is 3 to 400 incidents per year across EVM Ethereum mainnet and L2s or other EVM chains. Roughly 60 to 70% of DeFi exploits by count hit EVM environments.

[00:17:50]And so, where is this going to take us here with some of these, you know, reaching almost 300 million dollars and 116,500 ETH gone. Also, Solana over the last 12 months has seen Fortune reports Drift protocol exploit on Solana was about 280 million using a durable nonce-based governance takeover. And so, security roundups show several mid-size Solana incidents in late 2024 and 2025 with 30 million key leak, No One's bridge wallet exploit 8 million, plus prior Wormhole adjacent incident. So, man, if you take a look at the XRP Ledger, and on the XRP Ledger, the pattern is very different.

[00:18:31]There is almost no major on-chain protocol exploits, but one high-impact supply chain wallet theft style incident. So, you take a look here at the issues on Ethereum. You take a look at the issues on Solana. And you take a look at the XRP practically having some of the best, you know, best transparency, you know, best overall performance when it comes to preventing these level of hacks. If you are a financial institution bringing billions on chain, wouldn't you be paying attention to this kind of stuff?

[00:19:02]I know I would. And I think you would, too.

[00:19:06]So, where does that put XRP? I want to make sure that I think that XRP would be a top choice for any financial institution bringing money on chain in this new institutional era of tokenization. All right, I'll leave it there, guys. Make sure that you support the channel with a like. Leave a comment below on any of this stuff. If you want to support the channel even further, we have all of the partners in the description of the video. If you want to open an account on Uphold. If you want to open an account with UpTrade. If you want to get a decent wallet. Any of that stuff would greatly help the channel and its growth. I really appreciate your time, as always. I'm Crypto Sensei.

[00:19:40]Aloha.