Bank & market adoption
BNY adds XRP and RLUSD to its digital asset custody
USSource: BNY
AI-generated image- BNY and Ripple announced on 27 October 2026 an expansion of their collaboration: building on BNY’s role as primary reserve custodian for Ripple’s RLUSD stablecoin, BNY now supports XRP and RLUSD on its Digital Asset Custody platform.
- BNY intends to broaden support for tokenized assets issued on the XRP Ledger and to work with Ripple to let BNY clients mint and redeem RLUSD directly through BNY, and the two intend to advance tokenized trade finance on the XRPL, starting by exploring a supply chain finance initiative with C2FO; BNY says these future product plans are subject to final BNY and regulatory approvals.
Why it matters
A global custodian moving from holding a stablecoin’s reserves to custodying the token itself and planning client mint and redemption gives other custody banks a concrete reference for how a reserve role can extend into stablecoin distribution.
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More detail
Who is affected
Eligible institutional clients of BNY’s Digital Asset Custody platform.
Key dates
- BNY and Ripple announce expanded collaboration; XRP and RLUSD supported on BNY Digital Asset Custody
What remains uncertain
- No dates are given for direct RLUSD mint and redeem or for tokenized trade finance; BNY says future product plans are subject to final BNY and regulatory approvals.
Adoption status
- LiveBNYXRP and RLUSD supported on BNY Digital Asset Custody platform
- AnnouncedBNYPlanned direct RLUSD mint and redeem for BNY clients; tokenized trade finance on the XRPL with Ripple (exploring a C2FO supply chain finance initiative)
Key facts
- Event
- Product launch
- Jurisdiction
- US
- Source
- BNY (joint release with Ripple)
- Source tier
- Tier 2 · Bank / FMI
- Product
- Custody & trading, Stablecoin issuance
In the database
How we verified this
The source says
“Building on BNY’s role as primary reserve custodian for Ripple’s stablecoin, RLUSD, and its custody relationship with Ripple Prime, BNY now supports XRP, the native digital asset of the XRP Ledger, and RLUSD on its Digital Asset Custody platform.”
“Ripple and BNY also intend to advance tokenized trade finance on the XRPL, subject to client requirements.”
“All references to intended future product plans are subject to final BNY and regulatory approvals.”
Verbatim from BNY (joint release with Ripple), matched word for word against the live page on 31 October 2026.
Sources
- Official institutionalBNY (joint release with Ripple) ↗2026-10-27T2Bank / FMI
Evidence
- Confidence
- Medium The institution’s own statement; quote string-matched. Proves what the institution says, not independent confirmation.
- Quote verified
- 2026-10-31 20:02 UTC
- Archived snapshot
- SHA-256
b4120bbbc029a1b5…· fetched 2026-10-27 · Wayback Machine copy ↗ - Source type
- Official institutional BNY (joint release with Ripple) ↗
Change log (1)
- 2026-10-27 Published
AI-assisted: the summary and analysis were drafted with AI from the primary source and checked by the editors. AI-drafted from the primary source; quote string-matched against the live source page.
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