Ripple has launched a platform for central banks, governments, and financial institutions to issue their own digital currency. The platform allows for the management and customization of the entire life cycle of the CBDC, including minting, distribution, redemption, and token burning. Both wholesale and retail CBDCs can be issued, and offline transactions are possible.

Ripple is currently demonstrating the use case for its platform under the e-HKD pilot program with the Hong Kong Monetary Authority and is also working with Taiwan's Fubon Bank on a product for real estate asset tokenization and equity distribution.