Caleb & Brown Replaces Legacy Banking With Ripple Payments for Faster USD Settlements
Caleb & Brown, the Australian crypto brokerage overseeing more than $2 billion in client assets, has partnered with Ripple to upgrade its payments infrastructure, replacing parts of the traditional correspondent banking process with Ripple Payments for U.S. dollar withdrawals.
As a result, this development is expected to enable faster, more efficient settlement and reflects the growing use of blockchain technology to modernize cross-border financial services.
More notably, this partnership tackles a longstanding challenge for the crypto industry. While digital assets can move across blockchain networks within seconds, fiat currencies such as the U.S. dollar still depend on legacy banking systems involving multiple intermediaries, slower processing times, and higher costs.
By integrating Ripple Payments, Caleb & Brown is closing that gap, delivering a faster and more seamless withdrawal experience without changing how clients buy, sell, or hold digital assets.
Rather than introducing new customer-facing features, the integration strengthens the brokerage's underlying payments infrastructure.
As a result, USD withdrawals can now be settled more efficiently, reducing the delays and friction associated with correspondent banking while bringing fiat settlement closer to the speed of the digital asset economy.
Why Caleb & Brown Chose Ripple to Streamline USD Withdrawals
Jake Boyle, Chief Commercial Officer at Caleb & Brown, said the partnership reflects the need to combine blockchain innovation with today's financial reality.
"Ripple Payments bridges the innovation and speed of the crypto industry with the reality that the US dollar and traditional banking system still exist."
His remarks highlight a broader shift across financial services. Although cryptocurrencies operate around the clock, moving traditional currencies still relies on decades-old banking infrastructure. Ripple's enterprise payments network is designed to modernize those transactions while remaining compatible with existing financial systems.
For Caleb & Brown clients, the integration extends Ripple's real-world payment utility beyond cross-border transfers to everyday functions like USD withdrawals, improving both efficiency and the overall customer experience.
What does the partnership cement? Well, it underscores Caleb & Brown's commitment to investing in infrastructure that simplifies buying, selling, storing, and withdrawing digital assets.
As regulated crypto firms increasingly prioritize operational efficiency, blockchain-powered settlement networks are steadily replacing outdated banking rails.
The announcement comes as institutional adoption of blockchain infrastructure continues to accelerate worldwide. With regulatory frameworks such as Europe's Markets in Crypto-Assets (MiCA) regulation driving demand for compliant digital asset solutions, networks including Ripple, Hedera, Cardano, and XDC are emerging as leading platforms for institutional payments and tokenized finance.
