BNY to custody XRP and RLUSD, explore tokenized trade finance with Ripple

Clients can hold XRP around $1.318 and RLUSD at $1.00 on BNY Digital Asset Custody.

Eligible clients plan direct RLUSD mint and redeem via BNY, C2FO pay settles in RLUSD on XRPL.

First reported Oct 27, 2026, 12:36 UTC

Source reports

BNY NOW SUPPORTS $XRP AND RIPPLE'S STABLECOIN $RLUSD ON ITS DIGITAL ASSET CUSTODY PLATFORM — @scottmelker (X), Oct 27, 2026, 12:36 UTC
HUGE: 🇺🇸 $2.2 trillion BNY expands its partnership with Ripple, adding support for $XRP and $RLUSD to its institutional crypto custody platform. This is MASSIVE! — @cryptorover (X), Oct 27, 2026, 12:37 UTC
NEW: @BNYglobal now supports @XRP and $RLUSD on its Digital Asset Custody platform, and plans to let clients mint and redeem RLUSD directly through the bank. The two are also exploring tokenized trade finance on the XRP Ledger with @C2FO. This comes right after @Ripple got final… — @TokenRelations (X), Oct 27, 2026, 13:50 UTC
LATEST: 🏦 BNY now custodies XRP and Ripple’s RLUSD stablecoin for institutional clients, expanding its partnership with Ripple. — @CoinMarketCap (X), Oct 27, 2026, 20:07 UTC

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