PANews
PANews|Oct 27, 2026 12:25
[Bank of New York Mellon Supports XRP and RLUSD Custody, Explores Tokenized Trade Finance with Ripple] According to an official announcement from Ripple, Bank of New York Mellon (BNY) has supported XRP and the USD stablecoin RLUSD on its digital asset custody platform. Eligible institutional clients can use the platform to custody, hold, and transfer related assets. Building on their existing cooperation in RLUSD reserve custody and Ripple Prime custody, the two companies are further expanding their digital asset collaboration. BNY plans to expand support for tokenized assets and investment products on the XRP Ledger (XRPL) and, in cooperation with Ripple, enable clients to directly mint and redeem RLUSD through BNY in the future. Furthermore, the two companies are exploring supply chain financing solutions based on XRPL with the working capital platform C2FO, tokenizing trade finance assets such as accounts receivable to expand investor participation channels.
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