Ripple BNY Partnership: Institutional XRP & RLUSD Custody and Minting Go Live

The Ripple BNY partnership has just moved XRP deeper into traditional finance.

On October 27, 2026, BNY expanded its collaboration with Ripple to support XRP and RLUSD on its Digital Asset Custody platform.

The bank also plans to let clients mint and redeem RLUSD directly through BNY, while both firms explore tokenized trade finance on the XRP Ledger with C2FO.

For a refresher on the stablecoin itself, read our guide to how RLUSD impacts XRP utility.

Key Takeaways

• BNY now supports XRP and RLUSD on its Digital Asset Custody platform for institutional clients.
• BNY intends to let clients mint and redeem RLUSD directly through the bank, although no launch date has been given.
• Ripple, BNY and C2FO are exploring tokenized supply chain finance on the XRP Ledger.

What the Ripple BNY Partnership Covers

BNY was already the primary reserve custodian for RLUSD, the US dollar stablecoin Ripple launched in December 2024.

The expanded deal, unveiled during Ripple's Swell 2026 event, turns that back office role into a client facing service.

Here's what the partnership includes:

• Institutional clients can now hold XRP and RLUSD through BNY's Digital Asset Custody platform.
• BNY intends to broaden support for tokenized assets and investment products issued on the XRP Ledger.
• BNY also holds a custody relationship with Ripple Prime, Ripple's prime brokerage business.

Ripple President Monica Long framed the next step clearly, saying "now, it's all about making these tokenized assets usable for payments and collateral across financial markets."

How BNY Clients Could Mint and Redeem RLUSD

BNY intends to work with Ripple so its clients can create new RLUSD and exchange it back for US dollars directly through the bank.

That would give institutions a regulated path in and out of the stablecoin without relying on crypto native intermediaries.

RLUSD has grown to a market capitalisation of about $2.5 billion, with more than $1 billion of that issued on the XRP Ledger.

According to Bitrue Research Institute, direct minting through BNY could drive RLUSD supply, since large treasuries prefer banks they already use.

No timeline has been confirmed, so the feature should be treated as planned rather than live.

Sign up on Bitrue to trade XRP and track institutional adoption as it develops.

Tokenized Trade Finance on the XRP Ledger

Ripple and BNY are exploring an initiative with C2FO, a working capital platform, to settle approved invoices on chain.

Here's how the model would work:

• Suppliers could receive funds within seconds against approved invoices instead of waiting days for bank transfers.
• Capital providers would fund the payments, while existing invoice terms and due dates stay unchanged.
• The project aims to widen investor access to trade finance as a tokenized asset class.

The initiative remains at the exploration stage, and no availability date has been announced.

According to Bitrue Research Institute, tokenized supply chain settlement is one of the clearest real world uses for the XRP Ledger, since it targets a large market that still runs on slow payment rails.

What the BNY Deal Means for XRP

XRP trades near $1.31, up about 2.2% over 24 hours within a range of $1.28 to $1.32.

Its market capitalisation of about $83.5 billion keeps it fifth among cryptocurrencies, while daily volume of $1.59 billion equals roughly 1.9% of market cap.

That modest turnover suggests the market has not treated the news as an immediate price catalyst.

According to Bitrue Research Institute, custody does not create direct buying on its own, but it lowers the barrier for institutions that need a bank grade custodian before holding XRP.

According to Bitrue Research Institute, XRP holds a constructive bias above $1.24, with $1.415 as the next key resistance.

Live figures are available on the XRP price page.

How to Trade XRP With Bitrue AI

XRP is listed on Bitrue, and traders can buy it directly or automate their approach.

Here's how to get started:

1. Create a Bitrue account and complete KYC verification.
2. Fund your account by depositing USDT or buying crypto with fiat.
3. Open the XRP/USDT spot market.
4. Place a market order at the current price or a limit order near support.
5. Decide whether to keep XRP on Bitrue or move it to a self custody wallet.

Traders who prefer automation can turn to Bitrue AI, which currently offers an XRP/USDT Aggressive Grid at 15x.

At the time of writing, that strategy showed a 30 day backtested APY of 1,121.40% and a drawdown of 35.46%, using a neutral grid between $1.2422 and $1.4150.

The range brackets today's price, which suits sideways trading while the market digests the news.

Backtested figures are not guaranteed returns, so set a clear take profit and keep leverage modest.

Conclusion

The Ripple BNY partnership brings XRP and RLUSD into one of the world's largest custody banks.

Planned RLUSD minting through BNY and the C2FO trade finance initiative could deepen institutional use of the XRP Ledger over time.

According to Bitrue Research Institute, the deal strengthens XRP's long term institutional case, even if the short term price reaction stays measured.

Traders can follow XRP on Bitrue and explore the latest Bitrue AI strategies as adoption grows.

FAQ

What is the Ripple BNY Partnership?

It is an expanded collaboration where BNY supports XRP and RLUSD custody and explores tokenized trade finance with Ripple.

Does BNY Custody XRP?

Yes, BNY now supports XRP on its Digital Asset Custody platform for institutional clients.

Can Institutions Mint RLUSD Through BNY?

BNY intends to let clients mint and redeem RLUSD directly, although no launch date has been confirmed.

What is the Ripple BNY C2FO Initiative?

It is an exploratory project to settle approved supply chain invoices on the XRP Ledger.

What is the RLUSD Market Cap in 2026?

RLUSD has a market capitalisation of about $2.5 billion.

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