Ripple Expands Strategic Digital Assets Collaboration with BNY Across Custody and Tokenized Trade Finance
BNY expanded its strategic collaboration with Ripple to support XRP and RLUSD on its Digital Asset Custody platform and to explore tokenized trade finance on the XRP Ledger. BNY already serves as primary reserve custodian for Ripple's RLUSD stablecoin; the expansion adds direct custody support and plans to let BNY clients mint and redeem RLUSD through BNY. A first initiative targets supply chain finance with C2FO, tokenizing receivables to broaden investor access.
Key figures
- Aum
- $2.2 trillion
- Auc a
- $63.4 trillion
- Rlusd market cap
- $2.5 billion
- Xrpl transactions
- 4.6 billion
- Xrpl settlement time
- 3-5 seconds
AI analysis
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