BULLISH 65 Unchained 50M ago · 3 min read

BNY now custodies XRP for institutions and plans direct RLUSD minting with Ripple

AI summary

BNY, which already holds reserves for Ripple's RLUSD stablecoin, has added XRP and RLUSD to its institutional custody platform and plans to mint RLUSD directly with Ripple. Broader XRP Ledger initiatives and a C2FO trade finance effort are still at an early stage. A major custodian supporting XRP and RLUSD expands institutional access and could support demand for both assets.

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Narrative history

2 linked stories · 3 outlets · since 27 Oct

50M AGO

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BNY now custodies XRP for institutions and plans direct RLUSD minting with Ripple

Unchained · Score 65
19H AGO

Ripple and BNY plan tokenized trade finance push on XRP Ledger

Bitcoin.com News · Score 55 · via BNY, plan direct
22H AGO

Ripple widens BNY custody for XRP and RLUSD, adds C2FO on XRP Ledger

crypto.news · Score 55 · via BNY, C2FO

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