Scan with your phone to get the appBNY now custodies XRP for institutions and plans direct RLUSD minting with Ripple.
BNY, the custody bank already safeguarding Ripple's RLUSD reserves, added XRP and RLUSD to its Digital Asset Custody platform for institutional clients, Ripple announced on Oct. 27.
Eligible BNY clients can store and move the two assets within the bank’s existing servicing and controls framework; the custody relationship dates back to July 2025 when Ripple selected BNY as primary custodian for RLUSD reserves.
BNY plans to broaden tokenized assets and investment products on the XRP Ledger and work with Ripple on a direct RLUSD mint‑and‑redeem solution, pending final approvals from BNY and regulators. They are also exploring a trade‑finance project with C2FO to broaden capital access for approved receivables.
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Dashed line: news time ($1.33) Now: $1.33 -0.11%
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$1.33
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