DNB moves 86 metric tons of gold from North America to London

  • DNB relocated 86 tonnes of gold from New York and Ottawa to London.
  • DNB physically moved 27 tonnes after selling and repurchasing 59 tonnes.
  • Garlinghouse contrasted legacy settlement with crypto, stablecoins and an XRP Ledger prototype.

De Nederlandsche Bank transferred approximately 86 metric tons of gold from New York and Ottawa to London between March and August, framing the move as crisis preparedness and a way to improve the tradability of its reserves rather than a rejection of Washington. About 59 metric tons were sold in New York and repurchased in London, making nearly 70% of the transaction a book transfer; only 27 tonnes physically crossed the Atlantic. DNB holds 612.4 tonnes of gold worth 72.2 billion euros at the end of 2025. New York's share fell from 31.3% to 18.5%, while London's rose to 32.1%. Ripple CEO Brad Garlinghouse used the relocation to argue that global finance still moves value through slow, legacy processes. He contrasted that with crypto's growth from a $1.5 billion experiment to a $2.7 trillion asset class and cited stablecoins as an example of faster settlement. A Bank for International Settlements prototype using the XRP Ledger anchored official statistics in three to five seconds, with verification taking one to two seconds. XRP traded near $1.40, down 3.65% on the day but up 21% over three months.

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