Bank of New York Mellon supports XRP and RLUSD custody and partners with Ripple for tokenized trade finance.

Bank of New York Mellon (BNY Mellon) supports XRP and RLUSD on its digital asset custody platform, allowing institutional clients to safeguard, hold, and transfer related assets. BNY Mellon plans to expand its support for XRP Ledger and partner with Ripple to enable clients to mint and redeem RLUSD through BNY Mellon. The two companies are also exploring supply chain finance solutions based on XRP Ledger with C2FO, tokenizing trade finance assets. (Source: Ripple)