Ripple Expands Strategic Digital Assets Collaboration with BNY Across Custody and Tokenized Trade Finance

What happened

Ripple and BNY expanded their partnership. BNY now supports XRP and RLUSD, a dollar-backed stablecoin, on its Digital Asset Custody platform. The firms also plan to explore tokenized trade finance on the XRP Ledger. BNY clients may be able to mint and redeem RLUSD directly through the bank.

Global impact / market context

This gives large institutional clients a regulated bank to hold XRP and RLUSD. It could make these digital assets easier for mainstream finance to use. It also tests whether trade finance, a real business activity, can run on the XRP Ledger.

What to watch

1. Whether BNY clients actually begin minting and redeeming RLUSD through the bank, because that shows real use rather than just an announcement.
2. Whether the tokenized trade finance work with C2FO moves beyond exploration into live approved-invoice financing.
3. Whether custody support for XRP and RLUSD stays in place and expands, because custody is the base that makes the other steps possible.

Affected assets

• RLUSD
• XRPUSDT

Evidence

• Infoway News — Ripple, BNY explore using the XRP Ledger to finance approved invoices 2026-10-27T15:01:12+00:00
• Infoway News — XRP Partners With BNY 2026-10-27T14:57:41+00:00
• Infoway News — Ripple Expands BNY Collaboration to Support XRP and RLUSD Custody 2026-10-27T12:00:00+00:00
• Infoway News — Ripple Expands Strategic Digital Assets Collaboration with BNY Across Custody and Tokenized Trade Finance 2026-10-27T12:00:00+00:00
• Incident timeline — Ripple, BNY explore using the XRP Ledger to finance approved invoices
• Incident timeline — XRP Partners With BNY
• Incident timeline — Ripple Expands BNY Collaboration to Support XRP and RLUSD Custody
• Incident timeline — Ripple Expands Strategic Digital Assets Collaboration with BNY Across Custody and Tokenized Trade Finance