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MFBs: IFAD Lists Gains Of Stabilisation Fund
The proposed stabilisation fund for micro finance banks will strengthen the global rating of the banks, Miss Atsuko Toda, Country Programme Manager, International Fund for Agricultural Development (IFAD), has said.
She told newsmen in Abuja on Tuesday that the fund, which is being championed by the Rural Finance Institution Building Programme (RUFIN), was a private sector initiative.
Toda said the stabilisation fund would enable the micro-finance banks to save money to expand their capital base, adding that it was an initiative being practised in Morocco and Tunisia.
“It is a private endeavour and not a government endeavour, but a private sector initiative to put investment funds together in a pot so that micro-finance banks that have good ratings can actually access and be able to service small holder farmers.”
She said the initiative by RUFIN would strengthen micro-finance institutions and establish linkages between them and formal financial institutions in 12 states across the country.
Toda said the initiative had laid the foundation for the long-term development of a sustainable rural financial system that will eventually operate throughout the country.
The manager observed that RUFIN had been pivotal for agricultural financing for small scale farmers in the country.
She added that building the capacity of the banks and other micro finance institutions would enhance RUFIN’s service delivery mechanism.
“I think that this will play a big role in the Federal Government’s Agricultural Transformation Agenda so that farmers will move from subsistence to more commercialisation, ’’ she said.
Toda, who recently assumed office assured that IFAD would continue its commitment to Nigerian farmers.
Cornerstone of Financial Services
A survey of more than 1 000 global finance leaders undertaken by digital payment network Ripple shows that 72% of respondents believe they need to offer a digital asset solution to remain competitive.
According to Ripple, leaders from the banking, fintech, corporate and asset management sector have made it clear that the “digital asset revolution is happening now”.
“Digital assets are quickly becoming a cornerstone of financial services, underpinned by progressive regulation, growing interest from Tier-1 banks, a steady consumer shift from banks to fintech providers, and booming stablecoin adoption,” Ripple says.
The survey was conducted in early 2026 and the findings released in March.
Stablecoin Boon or Bane?
Ripple has experienced significant success in the stablecoin sector since launching its Ripple USD (RLUSD) stablecoin in 2024.
With a market cap of $1.56 billion, it is considered a major regulated player in the market.
No doubt the platform was pleased to learn through its own survey that financial leaders were most bullish about stablecoins.
Roughly three-quarters of respondents believed they could boost cash-flow efficiency and unlock trapped working capital.
Ripple noted that finance leaders were thinking about stablecoins as more than “just a new way to execute payments”; instead, they viewed them as effective tools for treasury management.
In March 2026, Ripple began testing a new trade finance model built around RLUSD in a bid to increase the speed of cross-border payments.
The pilot initiative, developed alongside supply chain finance company Unloq [https://unloq.com], is running on the XRP Ledger inside a testing framework developed by the Monetary Authority of Singapore.
The Asian city-state is one of the platform’s biggest growth markets.
The idea behind the project is to see whether stablecoin-based settlement can streamline trade finance, too often hampered by reliance on intermediaries and slow reconciliation.
The only potential drawback is that if the initiative takes off, the Ripple to USD price could be negatively affected.
Ripple has always championed its native XRP token as a bridge asset, the “middleman” in the process of a financial institution turning dollars in the US into pounds in the UK, for example.
Ripple converts dollars into XRP and then back into pounds.
If RLUSD can do exactly the same thing, questions will be asked about XRP’s relevance.
That is a bridge Ripple will have to cross if it gets to that point.
Tokenisation Partners
Another interesting finding from Ripple’s survey is that most banks and asset managers are seeking tokenisation partners to help execute their strategies.
Some 89% of respondents said digital asset storage and custody were top priority. “Token servicing/lifecycle management also ranks highly for banks at 82%, while asset managers place greater emphasis on primary distribution at 80%,” Ripple found.
The survey also revealed that just more than half of fintechs and financial institutions want an infrastructure provider that can offer a “one-stop-shop solution”. This rose to 71% among corporate financial leaders.
Ripple attributes this to institutions and firms wanting uncomplicated, cohesive systems.
Infrastructure Rules
In its final analysis, Ripple says companies across the board are looking for partners and solutions that are “secure, compliant, battle-tested and that enable growth and execution”.
“The message is clear: infrastructure decisions made today will shape competitive positioning tomorrow.”
No surprise that this is precisely where Ripple is placing much of its focus.