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XRP 
RLUSD The Dutch central bank took months to transfer US$11 billion in gold, and 70% did not actually move
The Dutch central bank recently spent months moving US$11 billion worth of gold from New York to London. However, about 70% of the gold has never actually been physically displaced. The bank sold the gold in New York and later bought it back in London.
Cryptocurrency commentator Pumpius (@Pumpius) cited this as a typical case, pointing out that the traditional financial industry will still operate in 2026 using decades-old settlement infrastructure. Ripple CEO Brad Garlinghouse has previously made the same point. Pumpius highlighted the post, saying Garlinghouse's words hit the nail on the head, and the banking community was deeply dissatisfied with it.
Pumpius also mentioned that Germany spent four years removing 674 tons of gold worth US$36 billion from vaults in Paris and New York. These are not marginal cases; they reveal how central banks routinely rely on outdated systems to transfer value around the world.
Ripple CEO Brad Garlinghouse hit the nail on the head, and the banking community is secretive about this.
Ripple CEO revealed that it took the Netherlands months to transfer US$11 billion in gold, but tokenization of gold on XRP Ledger took just seconds to complete.
Ripple CEO Brad Garlinghouse just pointed out... t.co/qk0EC3Eholpic.twitter.com/nzz5Gbbou3- Pumpius (@ pumppius) September 5, 2026
Garlinghouse's core argument
Garlinghouse pointed out that during the same period as the two gold transfer stories mentioned above, the size of the cryptocurrency market "grew from $1.5 billion in experimental assets to a $2.7 trillion asset class." This growth is accompanied by real liquidity and mature financial infrastructure. However, the way central banks transfer value has not changed. His post stated that the banking industry "still carries out value transfers in the 1940s."
He extended this view beyond the financial sector. Self-driving cars are now shuttling through urban traffic, artificial intelligence has reshaped the way people work, and Starlink can provide Internet access almost anywhere on earth. However, for the organizations that need efficient means most, the most efficient ways currently available to transfer large amounts of value are largely ignored. Garlinghouse called the phenomenon confusing.
XRP Ledger and tokenized gold
It is here that XRP's infrastructure shows its relevance. On XRP Ledger, the process of exchanging tokenized gold ($XAUa) to $XRP and $RLUSD through Trensik takes only about four seconds. The physical gold remains in the vault and ownership is transferred on the ledger without the need for physical logistics, months of coordination or settlement delays.
Pumpius believes this is the core application scenario. He described cryptocurrencies as "an instant and secure storage and transfer of value globally at near zero cost." XRP Ledger provides the foundation for this high-speed settlement.
We are on platform X, follow us to establish connections:-@TimesTabloid1-TimesTabloid1 (@TimesTabloid1) June 15, 2025
Structural flaws in traditional finance
The Dutch case quantifies inefficiency. Moving $11 billion through traditional channels took months, and most transactions did not involve physical movement at all. XRP Ledger processes the same transaction in just a few seconds. This gap is measurable and significant.
Garlinghouse asked: "Why are people still struggling with this?" Given what the data suggests, this is a reasonable question. Institutions with the largest value transfer needs will benefit the most from blockchain settlements.
