On October 27, 2026, Ripple and BNY expanded their partnership to support XRP and the RLUSD stablecoin on BNY's Digital Asset Custody platform. BNY clients will be able to mint and redeem RLUSD directly while the companies explore tokenized trade finance on the XRP Ledger. Alongside working capital provider C2FO, Ripple and BNY aim to enable instant settlement for supply chain receivables using RLUSD.
BNY expands custody support to XRP and RLUSD
- ▪BNY added Ripple's dollar-backed stablecoin RLUSD to its institutional Digital Asset Custody platform
- ▪Under the expanded partnership between Ripple and BNY, institutional clients will be able to mint and redeem Ripple's RLUSD stablecoin directly through BNY
- ▪BNY expanded BNY's Digital Asset Custody platform to allow eligible institutional clients to store, protect, and transfer XRP using BNY's financial network infrastructure
Tokenized trade finance initiative with C2FO
- ▪Under Ripple and BNY's trade finance project with C2FO, participating capital providers fund early supplier payments on approved invoices while existing payment terms remain unchanged
- ▪Ripple and BNY partnered with working capital provider C2FO to test tokenized supply chain finance and instant settlement on the XRP Ledger using RLUSD
- ▪Ripple and BNY agreed to explore tokenizing traditional financial assets, including trade receivables and collateral management, on the XRP Ledger
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