C2FO and Ripple Partner to Modernize Trade Finance Using the XRP Ledger

The collaboration will bring financing and settlement activity supporting the new C2FO Instant Pay^™ solution onto the XRP Ledger, using Ripple USD (RLUSD) for settlement.

NEW YORK--(BUSINESS WIRE)--RIPPLE SWELL 2026 - C2FO, the world’s largest platform for working capital and Ripple, the leading provider of blockchain solutions across traditional and digital finance, today announced an initiative to bring the financing and settlement activity supporting the new C2FO Instant Pay solution^™onto the XRP Ledger (XRPL), a public blockchain.

Across global supply chains, businesses can wait 30, 60 or even 90 days after delivering goods and services to be paid, tying up cash they could otherwise use for payroll, inventory and new orders. Today, C2FO Early Pay^™ programs, including C2FO Dynamic Discounting^™ and C2FO Dynamic Supply Chain Finance^™, have already helped businesses access more than 250 billion in working capital through the accelerated payment of approved invoices. But even when an invoice is paid early, they can still wait several days for funds to move through legacy bank settlement infrastructure. C2FO Instant Pay^™ addresses that challenge by enabling businesses to receive payments instantly, using XRPL and RLUSD, Ripple’s U.S. dollar-backed stablecoin, for settlement.

Businesses will continue to access early payment through C2FO as they do today. Instant payment is funded by participating capital providers and settled on the XRP Ledger, letting suppliers receive funds in seconds rather than days, against invoices whose terms and due dates stay exactly as agreed.

Purpose-built for institutional use, RLUSD has grown to more than $2.5 billion in market capitalization, with more than $1 billion issued on XRPL. XRPL settles transactions in 3–5 seconds at a fraction of a cent, operating 24/7.

“We’ve spent years building a platform that gives businesses more information and control over their working capital. The next opportunity is to make the financial infrastructure behind our marketplace as efficient and connected as the experience we’ve created for customers,” said Ragui Selwanes, President & COO Americas at C2FO. “Working with Ripple and leveraging XRPL, we have built a new model for financing approved receivables that has the potential to broaden access to capital while preserving the relationships and experience our customers already trust.”

“Working capital is a powerful example of where blockchain can make an existing financial market work better. C2FO brings an established marketplace, real commercial activity and demonstrated financing demand,” said Markus Infanger, SVP, RippleX at Ripple. “XRPL is well suited to this use case because it can represent and move financial assets with fast, deterministic settlement and low transaction costs, while RLUSD provides a stable way to settle those transactions. Together with C2FO, this creates an opportunity to address billions of dollars in commercial activity and make approved receivables easier to finance.”

C2FO offers an early example of how that work applies to existing commercial activity and working-capital markets. Businesses interested in C2FO Instant Pay™ can sign up for the waitlist

About C2FO

C2FO is the world’s largest platform for working capital. Our mission is to deliver a future in which every company in the world has the capital it needs to thrive. By connecting businesses to on-demand working capital solutions, we help them improve cash flow and build more resilient supply chains. Learn more at C2FO.com.

About Ripple

Founded in 2012, Ripple is the leading provider of blockchain solutions rewiring the global financial system. With over 85 licenses, Ripple provides a single trusted entry point for enterprises with payments, custody, prime brokerage, and treasury management solutions. Ripple’s stablecoin, RLUSD, and the digital asset XRP underpin these capabilities, enabling Ripple and its customers to bridge the worlds of traditional and digital finance.