One of the Largest Financial Institutions Adds XRP

The relationship between Ripple and BNY just grew significantly. The two companies have announced an expansion of their strategic collaboration, targeting institutional digital asset custody and tokenized trade finance on the XRP Ledger. BNY now supports XRP and RLUSD on its Digital Asset Custody platform. That adds to BNY’s existing role as primary reserve custodian for RLUSD and its custody relationship with Ripple Prime . The platform gives eligible institutional clients a secure way to hold, safekeep, and transfer digital assets within BNY’s established governance and controls framework. Trade finance is coming to the XRP Ledger!