Company News

Published 01/21/2026, 09:08 AM

DXC partners with Ripple to integrate blockchain into banking systems

DXC

2.82%

ASHBURN, Va. - DXC Technology (NYSE:DXC) announced Wednesday a strategic partnership with Ripple to integrate blockchain technology into its Hogan core banking platform, enabling financial institutions to adopt digital asset capabilities without disrupting their existing infrastructure. The IT services company, currently trading at a P/E ratio of just 7.12 and considered undervalued according to InvestingPro Fair Value estimates, is making strategic moves to enhance its core banking offerings.

The collaboration will connect DXC’s Hogan platform, which currently supports over 300 million deposit accounts and more than $5 trillion in deposits globally, with Ripple’s digital asset custody and payment technology.

"For digital assets to move into the financial mainstream, institutions need secure custody and seamless payment capabilities," said Sandeep Bhanote, Global Head and General Manager of Financial Services at DXC, according to the company’s press release.

The integration aims to provide banks with the ability to offer digital asset custody, tokenization, and transfer services while maintaining their existing core banking systems. Financial institutions will be able to bridge traditional finance with blockchain-based solutions at enterprise scale.

Joanie Xie, VP and Managing Director, North America at Ripple, stated that the partnership "brings digital asset custody, RLUSD and payments directly into the core banking environments institutions already trust."

The solution leverages Ripple Payments, a licensed cross-border payment solution, and Ripple Custody, designed for financial institutions to manage digital assets, stablecoins, or Real World Assets.

This partnership represents DXC’s effort to help financial institutions modernize their systems while enabling digital asset adoption across production banking environments through an integrated approach.

In other recent news, DXC Technology has been awarded $194 million in a trade secret misappropriation case against Tata Consultancy Services, with the U.S. Court of Appeals for the Fifth Circuit upholding the decision. This award includes over $100 million in punitive damages due to TCS’s willful and malicious actions. DXC Technology has also been confirmed as a RISE with SAP Validated Partner, highlighting its capabilities in assisting customers with cloud migration of SAP environments. Additionally, the company plans to redeem €650 million of its Senior Notes due in January 2026 and partially redeem $300 million of its USD Senior Notes due in September 2026.

In leadership changes, Russell Jukes has been appointed as Chief Digital Information Officer, a role that combines responsibilities for digital, information, and AI transformation. Furthermore, DXC Technology has announced a strategic partnership with Aptys Solutions to modernize payment systems for U.S. financial institutions, integrating Aptys’ platform with DXC’s banking transformation portfolio. These developments reflect DXC’s ongoing efforts to enhance its technological offerings and financial operations.

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