This collaboration will bring the funding and settlement of the new C2FO Instant Pay™ solution to the XRP Ledger, using Ripple USD (RLUSD) for settlement.
NEW YORK – RIPPLE SWELL 2026, October 27, 2026 – C2FO, the world’s largest platform for working capital, and Ripple, the leading provider of blockchain solutions in traditional and digital finance, today announced an initiative to move the funding and settlement activity that supports the new C2FO Instant Pay ™ solution to the XRP Ledger (XRPL), a public blockchain.
In global supply chains, businesses can wait 30, 60 or even 90 days after delivering goods and services to get paid, tying up cash they could 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 520 billion in working capital through accelerated payment of approved invoices. But even when an invoice is paid early, they may still wait several days for funds to move through traditional banking settlement infrastructure. C2FO Instant Pay™ solves this problem by allowing businesses to receive payments instantly, using XRPL and RLUSD, Ripple’s US dollar-backed stablecoin, for settlement.
Businesses will continue to access early payments through C2FO, just as they do today. Instant Pay is funded by participating capital providers and settled on the XRP Ledger, allowing suppliers to receive funds in seconds rather than days, against invoices whose terms and due dates remain exactly as agreed.
Purpose-built for institutional use, RLUSD has reached a market capitalization of more than $2.5 billion , with more than $1 billion issued on XRPL. XRPL settles transactions in 3 to 5 seconds for a fraction of a cent and operates 24 hours a day, 7 days a week.
“We have spent years building a platform that gives businesses more insight and control over their working capital. The next step is making the financial infrastructure behind our marketplace as efficient and connected as the experience we have created for our customers,” said Ragui Selwanes, President and COO for the Americas at C2FO. “By collaborating with Ripple and leveraging XRPL, we have developed a new model for funding approved receivables that has the potential to expand access to capital while preserving the relationships and experience our customers already trust.”
“Working capital is a clear example of how blockchain technology can improve the way an existing financial market works. C2FO brings an established marketplace, real commercial activity and proven funding demand,” said Markus Infanger, Senior Vice President of RippleX at Ripple. “XRPL is a natural fit for this use case, as it allows financial assets to be represented and transferred with fast, deterministic settlement and low transaction costs, while RLUSD provides a stable way to settle those transactions. Together with C2FO, this creates the opportunity to handle billions of dollars in commercial activity and facilitate the funding of approved receivables.”
C2FO offers an early example of how this 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 working capital platform. Our mission is to build a future where every business in the world has the capital it needs to thrive. By connecting businesses with on-demand working capital solutions, we help them improve their 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 that are transforming the global financial system. With more than 85 licenses, Ripple offers businesses a single, trusted point of access with solutions for payments, custody, prime brokerage and treasury management. Ripple’s stablecoin, RLUSD, and the digital asset XRP underpin these capabilities, enabling Ripple and its customers to connect the worlds of traditional and digital finance.
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