Crypto News
Ripple CEO Brad Garlinghouse used his X account on September 4 to spotlight the Central Bank of Netherlands' recent $11 billion gold transfer from New York to London, noting that roughly 70% of the bullion never physically moved between vaults.
The operation was effectively a sale in New York paired with a repurchase in London, a paper-trade ratio Garlinghouse framed as a reminder of how legacy cross-border settlement still works. He linked a 2013 precedent as the parallel case.
The post lands as commentary on transparency gaps in traditional finance rather than as a Ripple product announcement, though the framing dovetails with the company's pitch for faster, on-ledger cross-border rails.
Frequently asked questions
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What did Brad Garlinghouse post about the Dutch central bank?
On September 4, 2026, Ripple CEO Brad Garlinghouse used his X account to spotlight the Central Bank of Netherlands' $11 billion gold transfer from New York to London, noting roughly 70% of the bullion never physically moved.
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Why did Garlinghouse compare the transfer to a 2013 case?
He framed the operation, where gold was sold in New York and repurchased in London, as a parallel to a 2013 precedent and a broader reminder of how legacy cross-border settlement still works.
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Does Garlinghouse's post include any XRP product news?
No. The post is observational commentary on traditional finance transparency, not an XRP product announcement, though it dovetails with Ripple's pitch for on-ledger cross-border rails.
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How did the Dutch central bank actually move $11B in gold?
The Central Bank of Netherlands transferred $11 billion in gold from New York to London, but roughly 70% never physically moved between vaults. It was sold in NYC and repurchased in London.
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What does this mean for XRP price?
Garlinghouse's post does not directly move XRP price. The headline framing of 'XRP eyes $2' is speculation layered on top of the CEO's commentary on central bank gold mechanics.
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