XRP Ledger Gains BNY Support as New Finance Plans Emerge

TLDR BNY adds XRP and RLUSD to its institutional Digital Asset Custody platform. Ripple and BNY plan to explore tokenized trade receivables on the XRP Ledger. C2FO plans to use RLUSD for faster supplier invoice settlement. Institutional clients could gain direct RLUSD creation and redemption services through BNY. Both companies intend to expand support for tokenized financial products and collateral services. Ripple and BNY have widened their partnership , adding XRP and RLUSD custody while outlining new plans for the XRP Ledger. The companies announced the changes on October 27, alongside proposed work on trade finance and digital payments.