Ripple announced expanded partnerships with Robinhood and BNY and a new agreement with C2FO on Tuesday during Ripple's Swell 2026 conference in New York. Ripple and Robinhood broadened cooperation to cover RLUSD distribution across Robinhood's retail and institutional businesses, alongside treasury management, lending and trading integrations.
The Tuesday announcement said RLUSD is available on Robinhood Chain and Bitstamp by Robinhood. The announcement scheduled RLUSD's introduction in the Robinhood app for later this year. Robinhood also plans to use RLUSD for institutional settlement on the XRP Ledger. Robinhood will adopt Ripple Treasury for global cash and liquidity management, covering payments, cash flow forecasts and transactions between group companies. The integration brings Ripple services into Robinhood's internal financial systems, beyond services offered to customers.
The agreement also broadens Robinhood's existing partnership with Ripple Prime. Ripple Prime supplies financing to Bitstamp by Robinhood and plans to add perpetual futures trading to the exchange later this year. RLUSD launched in December 2024. DeFiLlama data puts RLUSD's market capitalization at $2.57 billion, including nearly $1 billion issued on the XRP Ledger. Robinhood reported 28.6 million funded customers worldwide as of August. Robinhood's customer base could provide a substantial distribution channel for RLUSD.
BNY now provides custody for XRP and RLUSD through BNY's Digital Asset Custody platform. Ripple and BNY plan to enable BNY clients to mint and redeem RLUSD directly through BNY. Ripple and BNY also plan to expand support for tokenized assets issued on the XRP Ledger.
Ripple partnered with working-capital platform C2FO to move financing and settlement for C2FO's new Instant Pay service onto the XRP Ledger using RLUSD. Instant Pay is designed to pay suppliers against approved invoices within seconds, instead of the days required for traditional bank settlement. A C2FO spokesperson said Instant Pay is undergoing testing. The spokesperson said a controlled launch and the first RLUSD transactions on the XRP Ledger are expected by the end of the year.
The announcements came after the US Office of the Comptroller of the Currency gave Ripple final approval on Monday to establish a national trust bank. The bank will oversee the reserves supporting RLUSD and offer digital asset custody. Ripple's subsidiary regulated in New York will continue issuing the stablecoin.