NovaCrypto589 🚀🚀🚀

Content I share is for info purposes only and does not constitute investment advice. Digital assets involve risk, including potential loss of principal.🚀🚀🚀

[NovaCrypto589 🚀🚀🚀 @NovaCrypto589]

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[NovaCrypto589 🚀🚀🚀 @NovaCrypto589]

@RealGrapedrop 🚀🚀🚀

[𝐆𝐫𝐚𝐩𝐞 @RealGrapedrop]

Corda, Overledger and XRP: Where the Paths Crossed

Why I went back to 2018

This week Quant had two big days. On September 24, seven UK banks completed live interbank customer transactions using tokenised sterling deposits on a platform Quant built. The same day, The Clearing House picked Quant to run the orchestration layer of its US tokenized deposit network.

That sent me digging. I remembered reading some articles on a time when R3's Corda, Quant's Overledger and XRP all showed up in the same picture. They did. Here is what actually happened, with sources, and where each one ended up.

2016 to 2018: Ripple and R3

The option. In September 2016, Ripple gave R3 the right to buy up to 5 billion XRP at $0.0085, valid until September 2019. At the time, R3 was the bank consortium behind Corda.

The fight. In 2017 Ripple tried to end the deal, and both sides sued. Ripple said R3 had not delivered on promises to open doors with its member banks.

The settlement. In September 2018 they settled. Terms were confidential. Documents from the later SEC case showed R3 exercised the option on about 1.04 billion XRP in 2019. Ledger Insights worked out that this was worth somewhere between $240 million and $470 million, depending on the price at exercise.

December 2018: Corda Settler picks XRP first

Three months after the settlement, R3 launched Corda Settler. It is an open source app that lets a payment obligation recorded on Corda be settled on an outside payment rail, with an oracle confirming the payment. R3's own press release headline: "XRP the first settlement mechanism."

The code is still public on GitHub. The repo has a dedicated ripple module with an XRP client and an XrpSettlement type. That module was last changed in June 2019, and the repo itself was last updated in November 2020.

2019: Overledger connects to both

Quant's Overledger was built to connect different ledgers. By 2019 its supported list included R3's Corda, Hyperledger Fabric, JP Morgan's Quorum, enterprise Ethereum and Ripple. In 2019, SIA tested Overledger between Corda and Ethereum.

So for a moment the pieces sat side-by-side: Corda for the agreement, XRP as a settlement option, and Overledger able to talk to both.

Where each one went 🧵👇

[NovaCrypto589 🚀🚀🚀 @NovaCrypto589]

@mrnguyen007 🍻

[NovaCrypto589 🚀🚀🚀 @NovaCrypto589]

@LukeRichar6071 🚀🚀🚀

[Apex Crypto Insights (NFA) @APEXCONSULTNFA]

READ THIS MY FRIEND AND THEN READ AT LEAST 3 TIMES WHAT TCH(THE CLEARING HOUSE) SAID ABOUT QUANT WHICH IS HIGHLIGHTED IN BLUE VERY SLOWLY!

TCH is The Clearing House, operates core U.S. payment infrastructure as the main private counterpart to Federal Reserve systems (FedACH, Fedwire, and FedNow).
It clears and settles on the order of $2 trillion in U.S. dollar payments on a typical business day—roughly half of commercial ACH and wire volume.
NOW READ BELOW WHAT THE TCH SAYS ABOUT QUANT. BETTER YET, READ THE WHOLE PARAGRAPH! ethereum:0x4a220e6096b25eadb88358cb44068a3248254675

[NovaCrypto589 🚀🚀🚀 @NovaCrypto589]

@KuwlShow 🚀🚀🚀
ripple:native 🐦‍🔥

[NovaCrypto589 🚀🚀🚀 @NovaCrypto589]

@KuwlShow 🚀🚀🚀

[Rob Cunningham @KuwlShow]

“ NAME THIS COIN ”

Best. Game. Ever!

Enjoy scalable, passive-aggressive, semi-sarcastic, guaranteed “win-win” fun with friends, family & foes alike!

Gamers don’t need to be co-located to play, laugh, cry, irritate or punk others with 24/7 atomic delivery & settlement at no cost.

@X @Ripple @XRPL @Interledger @SECGov @CFTC @USTreasury @WatcherGuru @CoinDesk

[NovaCrypto589 🚀🚀🚀 @NovaCrypto589]

@APEXCONSULTNFA 🚀🚀🚀

[NovaCrypto589 🚀🚀🚀 @NovaCrypto589]

@Vet_X0 @xrp1313 🔥💣💥
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[Vet @Vet_X0]

XRP Ledger - Permission Delegation is back in 2-Week activation with 29 Yes votes ✅

[NovaCrypto589 🚀🚀🚀 @NovaCrypto589]

@DaveEcg 👀👀👀
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[NovaCrypto589 🚀🚀🚀 @NovaCrypto589]

@dom_kwok Exactly!!!
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[NovaCrypto589 🚀🚀🚀 @NovaCrypto589]

@okx 🚀🚀🚀

[NovaCrypto589 🚀🚀🚀 @NovaCrypto589]

@DrCrypto7 @Cryptic_Chelsea 🚀🚀🚀

[NovaCrypto589 🚀🚀🚀 @NovaCrypto589]

@RizXRP 💪🥊💥
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[RIZ.. 🇺🇸 🇵🇷 @RizXRP]

Brad smacked dude. DYOR. 😂

[King Solomon (Ryan Solomon) @IOV_OWL]

Quant plugged into a $560 trillion payment network

The Clearing House confirmed Quant will orchestrate tokenized deposits with connectivity to CHIPS and RTP, the backbone of the US banking system. UK banks completed live tokenized sterling transactions the same day. Hedera open sources Cross-Ledger Protocol. Solana hires Binance and Polygon veterans. ECB targets 2029 for the digital euro. DTCC nears October.

Confirmation everywhere today:

• Quant powers deposits USA/UK/JPN
• Hedera interop Linux Foundation
• ECB targets 2029 for digital euro
• DTCC live in October on Canton
• BlackRock: agents to drive crypto use
• Evernorth XRP treasury SPAC Sept 30
• Solana institutional Aces via Binance/Polygon for institutional push

The infrastructure isn't only being tested anymore.

It's going live in front of our eyes.

Are you paying attention anon?

[NovaCrypto589 🚀🚀🚀 @NovaCrypto589]

@IOV_OWL No biggie
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ethereum:0x4a220e6096b25eadb88358cb44068a3248254675 🪐

[NovaCrypto589 🚀🚀🚀 @NovaCrypto589]

@LadyKristin222 🔥🔥🔥
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