Ripple CEO Brad Garlinghouse has drawn attention to the $11 billion relocation of gold reserves by De Nederlandsche Bank (DNB) as an example of inefficiencies in traditional finance’s infrastructure for value transfer. DNB, the central bank of the Netherlands, recently shifted roughly 86 tonnes of gold reserves from North America to London. However, instead of physically moving the majority of the gold across the Atlantic, the central bank opted for a more practical financial maneuver: about 59 tonnes were sold in New York and equivalent quantities were repurchased in London.