BIS
Updated
What it is
The Bank for International Settlements is an international financial institution owned by 63 central banks, headquartered in Basel, Switzerland, often called the "central bank for central banks." Its member central banks together represent about 95 percent of world GDP, and it fosters international monetary and financial cooperation, conducts economic research, and runs Innovation Hub Centres exploring new financial technology. It also provides banking services to central banks and published a record net profit of SDR 1,018 million in its 2025/26 financial year.
Why it matters lately
On September 2, 2026, BIS researchers published Working Paper No. 1374, "Verifiable Official Statistics: A Blockchain-Based Approach," which built and tested a prototype on the XRP Ledger's test network (DevNet) that cryptographically anchors official statistical data releases to prevent tampering. The paper found publishing took three to five seconds and verification one to two seconds, with negligible on-chain fees, and it was explicit that the prototype does not imply live production use of XRPL or XRP tokens. BIS held its Annual General Meeting on June 28, 2026, reporting record financial results for its banking services arm.
Asymmetric Analytics view
Inference (AA): BIS research lending credibility to the XRP Ledger for institutional data-integrity use cases is a signal worth tracking for XRPL's institutional-adoption narrative, distinct from any live settlement use.