Ripple expands BNY custody deal, brings C2FO trade finance to XRP Ledger
The bank now supports XRP and RLUSD in its custody platform as the firms examine tokenized assets and trade finance products.
- On Tuesday, October 27, 2026, Ripple announced partnerships with C2FO and BNY to utilize the XRP Ledger and RLUSD for institutional trade finance and digital asset custody.
- Suppliers often wait 30, 60, or 90 days for payments due to conventional banking delays; the C2FO collaboration targets this friction by delivering funds within seconds using RLUSD on the XRP Ledger.
- C2FO has facilitated more than $250 billion in working capital through historical programs, while RLUSD now holds a market capitalization of approximately $2.5 billion, with more than $1 billion issued on the XRP Ledger.
- Ripple President Monica Long stated, "Stablecoins have evolved from a crypto trading tool into a critical piece of financial infrastructure," as Robinhood begins using RLUSD to settle institutional trades and automate treasury operations.
- BNY's chief innovation and market transformation officer, Carolyn Weinberg, said future infrastructure will connect "payments, liquidity, collateral and securities," with the bank exploring services allowing clients to mint and redeem RLUSD directly.
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STOCK MARKET: Ripple strikes deal with Robinhood to expand its RLUSD digital dollar
Ripple and Robinhood Getty Images Ripple has struck a deal with Robinhood to expand the reach of its digital dollar, RLUSD, strengthening trading and financing links between their institutional businesses and improving Robinhood’s internal money management. The partnership involves using RLUSD to settle institutional trades, automate Robinhood’s treasury operations and expand access to digital asset trading and financing through Ripple Prime and…
🚨 Robinhood has switched to an RLUSD-based blockchain infrastructure for back-office transactions. 📌 Ripple has integrated Bitstamp, Treasury, and Prime solutions into the Robinhood ecosystem. 📊 Launched in December 2024, $RLUSD reached a market capitalization of $2.4 billion, while the global stablecoin volume exceeded $300 billion. Read More: Robinhood moves back-office transactions to blockchain with RLUSD The article "Robinhood moves back…
BNY Adds XRP, RLUSD Custody and Plans Direct RLUSD Minting
BNY has expanded its partnership with Ripple to support institutional custody of XRP and the dollar-backed RLUSD stablecoin, as the companies explore tokenized trade finance and direct stablecoin issuance and redemption through the bank.Announced on October 27, the expanded collaboration adds both assets to BNY’s Digital Asset Custody platform, building on its existing role as the primary reserve custodian for RLUSD and its custody relationship …
XRP, one of the largest altcoins, has experienced significant declines from its peak, yet Ripple aims to solidify its leading position in the blockchain ecosystem. To this end, Ripple is expanding its institutional digital asset services by forging new partnerships to continue its global growth. Accordingly, Ripple announced two separate partnerships today. First, Ripple announced an expansion of its collaboration with Robinhood. With this move …
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