Ripple, the provider of blockchain solutions across traditional and digital finance, and BNY have expanded their collaboration to broaden institutional digital asset custody capabilities and explore new institutional use cases for blockchain technology, including tokenised trade finance. The collaboration brings together Ripple’s digital asset solutions and the XRP Ledger (XRPL), a public blockchain, with BNY’s scale, servicing model and digital capabilities. 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.
