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Ripple and BNY expand partnership to custody XRP and explore tokenized trade finance

Ripple has widened its partnership with BNY, adding custody support for XRP and the RLUSD stablecoin while collaborating with C2FO to explore tokenized trade finance on the XRP Ledger.

Graphic showing the Ripple logo, BNY logo, and XRP Ledger logo side by side on a dark blue background.
Image: @CryptoWendyO

BNY has expanded its partnership with Ripple to add custody support for XRP and Ripple's RLUSD stablecoin to its institutional digital asset platform. The expansion broadens institutional access to Ripple's digital assets via regulated custody infrastructure, with plans that include direct minting and redemption.[1][2][8][9]

Building on their custody collaboration, the companies are also exploring tokenized trade finance on the XRP Ledger using BNY's institutional infrastructure. The effort includes a supply chain finance initiative with C2FO designed to bring corporate invoice financing onto the XRP Ledger, targeting settlements in seconds rather than days. The trade finance initiative remains under development, according to The Block.[4][6][7][9]

The involvement of the $2.2 trillion custodian could accelerate the institutional adoption of digital assets by integrating them further into mainstream financial services.[1][3][9]

Key facts

  • BNY expanded its partnership with Ripple to add custody support for XRP and the RLUSD stablecoin to its institutional custody platform.
  • BNY's custody support includes plans for direct minting and redemption of RLUSD.
  • Ripple and BNY are exploring tokenized trade finance on the XRP Ledger.
  • The firms are pursuing a supply chain finance initiative with C2FO to bring corporate invoice financing onto the XRP Ledger, aiming for payments in seconds instead of days.
  • The trade finance initiative remains under development, per reporting cited from The Block.
  • BNY is a $2.2 trillion banking institution.

Sources 路 8 sources

  1. CB

    Crypto BriefingArticle 路

    Ripple and BNY expand partnership to custody XRP and RLUSD The expanded partnership could accelerate institutional adoption of digital assets, integrating them into mainstream financial services. The post Ripple and BNY expand partnership to custody XRP and RLUSD appeared first on Crypto Briefing .

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  2. BL

    BlockNews@blocknewsdotcomPost on X 路

    馃毃 JUST IN: Ripple expands its partnership with BNY to add $XRP and $RLUSD to its institutional custody platform! The move expands institutional access to Ripple's digital assets through regulated custody infrastructure. https://t.co/Z7XTtxrBnf

    Open source
  3. CR

    Crypto Rover@cryptoroverPost on X 路

    HUGE: 馃嚭馃嚫 $2.2 trillion BNY expands its partnership with Ripple, adding support for $XRP and $RLUSD to its institutional crypto custody platform. This is MASSIVE! https://t.co/YjBfgP18lB

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  4. CO

    CoinDesk@CoinDeskPost on X 路

    LATEST: @Ripple and @BNYGlobal expand their partnership, with BNY adding $XRP and $RLUSD custody to its institutional platform and the two firms exploring tokenized trade finance with C2FO on the XRP Ledger. https://t.co/L6MGMRBWRm

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  5. CB

    Crypto BriefingArticle 路

    Ripple and BNY explore tokenized trade finance on XRP Ledger Ripple and BNY's exploration of tokenized trade finance on the XRP Ledger could revolutionize asset management and liquidity in global finance. The post Ripple and BNY explore tokenized trade finance on XRP Ledger appeared first on Crypto Briefing .

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  6. CN

    crypto.news@cryptodotnewsPost on X 路

    JUST IN: Ripple expands partnership with BNY to bring trade finance to the XRP Ledger The collaboration will build on existing custody efforts and explore tokenized trade finance using BNY鈥檚 institutional infrastructure alongside $RLUSD, $XRP and the XRP Ledger. https://t.co/8yXWdc7xJ5

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  7. TB

    The Block@TheBlockCoPost on X 路

    THE BLOCK: Ripple expands BNY partnership to add $XRP and $RLUSD to its institutional custody platform. The companies said they are also exploring tokenized trade finance on the XRP Ledger, including a supply chain finance initiative with C2FO. https://t.co/0mgmAF1bGq

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  8. TW

    The Wolf Of All Streets@scottmelkerPost on X 路

    BNY NOW SUPPORTS $XRP AND RIPPLE'S STABLECOIN $RLUSD ON ITS DIGITAL ASSET CUSTODY PLATFORM https://t.co/XKcyyZKvUA

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  9. CB

    Coin Bureau@coinbureauPost on X 路

    鈿★笍NEW: Ripple and $2.2T BNY bank, expand their partnership to bring corporate invoice financing onto the XRP Ledger, targeting payments in SECONDS instead of DAYS. BNY is also extending custody support for $XRP and the $RLUSD stablecoin, with plans for direct minting and redemption. The initiative remains under development, per The Block.

    Open source