BNY Expands Ripple Collaboration to Include XRP Custody and Tokenized Trade Finance

BNY Adds XRP and RLUSD Custody Support

BNY expanded its Digital Asset Custody platform to support XRP and RLUSD, extending a prior reserve-custody relationship with Ripple. The parties plan to explore direct minting and redemption, subject to regulatory approvals. Read the original on BNY adds XRP and RLUSD custody on digital asset platform. For more crypto news and analysis, visit TheCurrencyAnalytics.com.

BNY Adds XRP and RLUSD Custody Support as Ripple Partnership Expands

BNY and Ripple are extending an established reserve-custody relationship into wider digital-asset servicing and possible tokenized trade-finance applications.

Ripple, BNY Expand Partnership to Explore Tokenised Trade Finance

Ripple and BNY are expanding their partnership beyond digital asset custody to explore blockchain-based trade finance. BNY now supports XRP and Ripple’s stablecoin RLUSD on its Digital Asset Custody platform, allowing eligible institutional clients to hold and transfer both assets. The move builds on BNY’s existing role as RLUSD’s primary reserve custodian and its custody [...] The post Ripple, BNY Expand Partnership to Explore Tokenised Trade F…

BNY Expands Ripple Collaboration to Include XRP Custody and Tokenized Trade Finance

TLDR: BNY now supports XRP and RLUSD on its Digital Asset Custody platform for institutional clients. BNY intends to let its clients mint and redeem RLUSD directly through the bank with Ripple.  Ripple and BNY are exploring a supply chain finance initiative with C2FO on the XRP Ledger.  RLUSD market cap is near $2.5 billion, [...]

XRP's Wall Street Push Accelerates: America's Oldest Bank BNY Joins Ripple for Tokenized Trade Finance on XRP Ledger

XRP is edging deeper into Wall Street as Ripple and America’s oldest bank, BNY Mellon, explore a new use case for the XRP Ledger (XRPL).

Ripple and BNY Expand XRP Ledger Role in Corporate Finance Blockchain News ETHNews

BNY expands institutional custody for XRP and RLUSD. C2FO plans faster invoice settlement using RLUSD. Direct stablecoin redemption and tokenized financing remain in development. Ripple and BNY are expanding their partnership to bring institutional custody and corporate invoice financing closer to the XRP Ledger. The initiative targets a persistent problem in business payments: transferring funds quickly after financing has been approved, partic…