Ripple and BNY expand partnership to explore tokenized trade finance

AI-assisted source summary · not independently verified. Content standards

Ripple and BNY are expanding their partnership to explore blockchain-based trade finance, as well as tokenized assets and investment products on the XRP Ledger. BNY’s Digital Asset Custody platform now supports eligible institutional clients in holding and transferring XRP and RLUSD; the two parties also plan to support clients in minting and redeeming RLUSD directly through the bank, subject to final approval from BNY and regulators.