Ripple and Bank of New York Mellon Expand Digital Asset Custody and Tokenized Trade Finance

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Release Time: 2026/10/27 14:21:05

XRP

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Summary

Ripple and Bank of New York Mellon have expanded their partnership to support institutional digital asset custody and explore tokenized trade finance on the XRP Ledger. The bank now supports XRP and RLUSD on its custody platform. The firms plan to explore RLUSD minting and expand tokenized assets on XRPL. Ripple, BNY Mellon, and C2FO are also collaborating on a supply chain finance initiative to enhance access to trade assets. This digital asset development represents a significant step forward in new token listings and institutional adoption.

CoinDesk reports:

Ripple has expanded its strategic partnership with BNY Mellon to support institutional digital asset custody and explore tokenized trade finance on the XRP Ledger (XRPL).

Bank of New York Mellon now supports XRP and Ripple’s RLUSD stablecoin on its digital asset custody platform. The two companies also plan to explore RLUSD minting and redemption through Bank of New York Mellon, as well as expand support for tokenized assets issued on the XRPL.

Ripple and Bank of New York Mellon are also exploring a supply chain finance initiative with C2FO to enhance investors' access to trade finance assets, including approved receivables.

This partnership aims to enhance payment, settlement, and collateral management processes for institutional clients.

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