BNY Mellon adds XRP and RLUSD custody for institutional clients

BNY Mellon, a major custody bank responsible for safeguarding the reserves backing Ripple ’s RLUSD stablecoin, has expanded its digital asset offerings to include both XRP and RLUSD for institutional clients on its Digital Asset Custody platform, Ripple stated on October 27. Eligible institutional clients can now use BNY Mellon’s platform to store and transfer XRP and RLUSD within the bank’s established servicing and controls framework. This addition broadens a longstanding relationship, as BNY Mellon became the primary custodian for RLUSD reserves in July 2025.