Ripple and BNY Expand Tokenized Trade Finance Cooperation
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On October 28, 2026, Fintech News Switzerland reported that Ripple and BNY had expanded their cooperation to explore blockchain-based trade finance, as well as launching tokenized assets and investment products on the XRP Ledger. BNY's digital asset custody platform currently 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 regulatory authorities. The report did not provide a launch date or further implementation details for the relevant trade finance products.
AI-written from reports · updated 2 hours ago
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- Fintech News SwitzerlandRipple and BNY expand partnership to explore tokenized trade finance
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.
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