BNY expands Ripple partnership with XRP and RLUSD custody

BNY is adding XRP and RLUSD custody to its institutional platform as part of an expanded partnership with Ripple, and the two firms are exploring tokenized trade finance with C2FO on the XRP Ledger, per Ripple's announcement.

• BNY's institutional platform gains custody of XRP and Ripple's dollar-pegged RLUSD stablecoin.
• The tokenized trade-finance exploration with C2FO would run on the XRP Ledger.

No details were disclosed on scope, custody mechanics or launch timelines. Read the announcement.