Ripple CEO Slams $11 Billion Gold Move: Can Crypto Do Better?

Ripple CEO Brad Garlinghouse has seized on the Dutch central bank's $11 billion gold move. He says global finance still shifts value the way it did in the 1940s.

De Nederlandsche Bank sent roughly 86 tonnes of gold to London between March and August. The metal came from New York and Ottawa.

Ripple CEO Says the Gold Move Proves Crypto's Case

The Dutch central bank sold about 59 tonnes in New York. It then bought the same quantity back in London. Nearly 70% of the transfer was therefore a paper exercise.

Only 27 tonnes actually crossed the Atlantic. New York now holds 18.5% of Dutch reserves, down from 31.3%. London's share climbed to 32.1%. DNB holds 612.4 tonnes in total, worth 72.2 billion euros at the end of 2025.

Garlinghouse contrasted that friction with crypto's past decade. He said the sector grew from a $1.5 billion experiment into a $2.7 trillion asset class.