A screenshot has fueled speculation that the Depository Trust & Clearing Corporation (DTCC) has actually classified or listed XRP on its platform.
However, researcher and XRPL validator Vet has made it clear that the viral claim is based on an AI-generated search response (not an official DTCC policy or documentation).
The confusion stems from a search performed on the DTCC Learning Center website. Searching for “XRP” returns an AI-generated summary titled “XRP Haircut and Classification,” which states that XRP is “classified as a cryptocurrency” and describes hypothetical margin haircuts based on trading conditions.
However, the cited source does not actually mention XRP. “It does not mention XRP in that source, so the DTCC site, when you search in that category for XRP, it tries to map via AI,” Vet added.
The generated response includes a disclaimer stating that “Generated content may contain errors. Verify important information.”
Vet attributed the behavior to the enterprise search software used by the DTCC website. “You know why the AI triggers to map it for XRP? Because they use an answer machine that is based on relevant searches,” he said.
According to his explanation, people in the XRP community all searched massively for XRP in the past weeks and days, prompting the AI to come up with an answer as many people searched for it.
The software generates AI responses when users repeatedly search for the same topic. “The more you search for something like XRP, the more it gets triggered to generate an answer with AI to not leave people hanging,” Vet said.
The shared screenshots show HTML elements referencing Coveo Generated Answer. This confirms DTCC’s Coveo’s AI-powered enterprise search technology is used for generating responses.
DTCC’s real digital asset push
The confusion comes after the market infrastructure giant announced it had successfully processed live production trades using DTC-tokenized securities earlier this Wednesday.
More than 30 financial institutions and digital asset companies, including BlackRock, Goldman Sachs, J.P. Morgan, Nasdaq, Chainlink, Circle, Microsoft and the New York Stock Exchange, but Ripple is missing from the list.
