Ripple Expands BNY Custody Deal, Brings C2FO Trade Finance to XRP Ledger
- On Tuesday, October 27, 2026, Ripple announced an expanded partnership with BNY to enhance digital asset custody and a new collaboration with C2FO to use the XRP Ledger for instant trade finance payments.
- This collaboration builds on BNY's existing role as primary reserve custodian for Ripple's dollar-backed RLUSD stablecoin, which has grown to a market capitalization of more than $2.5 billion since its December 2024 debut.
- Under the C2FO arrangement, suppliers currently waiting 30, 60 or 90 days for payment can receive funds via the XRP Ledger, which settles transactions in approximately three to five seconds.
- Separately, Robinhood plans to integrate RLUSD for institutional settlement and treasury operations, expanding usage for its brokerage platform serving roughly 28.6 million funded accounts.
- Ripple President Monica Long said the company is moving beyond initial asset issuance toward practical applications like payments and collateral, aiming to fundamentally change how institutions manage capital 24/7.
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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…
Ripple and Robinhood partner to power the next generation of finance
Share Ripple’s stablecoin, RLUSD, to play a key role across Robinhood’s retail and institutional businesses as the companies deepen ties across treasury and institutional markets Ripple, the leading provider of blockchain solutions across traditional and digital finance, and Robinhood, a global leader in financial services, today announced a strategic partnership that provides one of the […] The post Ripple and Robinhood partner to power the nex…
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