According to documents shared by crypto commentator SMQKE on X, Ripple’s integration into the European financial system is through a partnership with SIA, an Italian payments infrastructure provider known for supporting many of the European Central Bank’s systems.
Documents show that Ripple has been formally integrated into the Eurosystem through its strategic partnership with SIA, an Italian payments infrastructure provider that connects hundreds of European institutions via its SIAnet and SIAchain frameworks.
SIAchain, developed by SIA, is a private blockchain network that connects more than 580 institutions globally using the SIAnet secure communication layer. The platform supports multiple distributed ledger technologies, including Ripple.
Ripple’s presence within SIAchain effectively builds a bridge between Europe’s most important payment systems like TARGET2, TIPS, and the European Collateral Management System, and blockchain technology. This connection allows tokenized assets and central bank money to flow within the same secure environment, including Ripple.
This integration is part of the Eurosystem’s DLT-TARGET initiative. DLT-TARGET is a program that’s designed to link blockchain networks with the European Central Bank’s settlement systems. The pilot phase has already processed more than 200 transactions valued at over €1.6 billion, showing the system’s readiness for real financial operations. Therefore, SIAchain’s structure effectively allows the use of Ripple’s technology to facilitate interoperability in the European Union without compromising the Eurosystem’s regulatory or operational standards.
Featured image from Unsplash, chart from TradingView
