Ripple and BNY expand partnership to custody XRP and RLUSD

Ripple and BNY are deepening their relationship. On October 27, 2026, the two companies announced an expanded collaboration that adds XRP and Ripple’s RLUSD stablecoin to BNY’s Digital Asset Custody platform. Scale is what makes this notable. BNY oversees tens of trillions in assets under custody and administration. The deal also goes beyond storage. BNY clients will be able to mint and redeem RLUSD directly, and the two firms plan to explore blockchain use cases in tokenized trade finance built on the XRP Ledger. What BNY is adding to its platform The expanded arrangement has three moving parts. The first is custody. BNY now supports safekeeping for both XRP and RLUSD, so institutional clients can hold either asset with a traditional banking counterparty. The second piece is direct minting and redemption of RLUSD. Minting is the process of creating new stablecoins when dollars come in. Redemption runs the other way, turning tokens back into cash. Giving BNY clients a direct path to both could make it simpler for large holders to move in and out of RLUSD. The third piece is exploratory. Ripple and BNY intend to look at blockchain applications that could make tokenized trade finance...