TLDR:BNY now supports XRP and RLUSD on its Digital Asset Custody platform for institutional clients.BNY intends to let its clients mint and redeem RLUSD directly through the bank with Ripple. Ripple and BNY are exploring a supply chain finance initiative with C2FO on the XRP Ledger. RLUSD market cap is near $2.5 billion, and XRPL has processed over 4.6 billion transactions. BNY Ripple ties have grown deeper after the bank added XRP and RLUSD to its Digital Asset Custody platform. The companies announced the expansion on October 27, 2026. They also plan to explore tokenized trade finance on the XRP Ledger. The update builds on BNY’s existing role as primary reserve custodian for Ripple’s stablecoin. Institutional clients can now safekeep, hold, and transfer both assets within the bank’s existing servicing model.BNY Ripple Collaboration Adds XRP CustodyBNY announced the update in a post on X. The BNY Ripple collaboration now covers XRP within digital asset custody. The post also pointed to new institutional use cases, including tokenized trade finance. Ripple confirmed the details in a separate press release.BREAKING: $BNY expands strategic collaboration with @Ripple across digital asset custody to now include @XRP, and explore new institutional use cases for blockchain technology, including tokenized trade finance.Learn more: https://t.co/LXlIp1bIPv$RLUSD $XRPL— BNY (@BNYglobal) October 27, 2026BNY already serves as primary reserve custodian for RLUSD, Ripple’s stablecoin. It also holds a custody relationship with Ripple Prime. With this step, BNY now supports XRP and RLUSD on its Digital Asset Custody platform.Carolyn Weinberg, BNY’s Chief Innovation and Market Transformation Officer, commented on the goal. She said the collaboration aims to shape “a more continuous, efficient and resilient financial system.” Future infrastructure, she said, will rely on “architected bridges between traditional scaled systems and always-on blockchain technology.” BNY also plans to broaden support for tokenized assets on the XRPL. It will work with Ripple to let clients mint and redeem RLUSD directly.Ripple President Monica Long said the industry is moving past the initial issuance of assets onchain. In her words, “it’s all about making these tokenized assets usable for payments and collateral across financial markets.” She said the work with BNY connects key components of financial infrastructure on the XRP Ledger.Tokenized Trade Finance Plans on the XRP LedgerThe BNY Ripple partnership also aims to advance tokenized trade finance on the XRPL, subject to client requirements. Tokenized trade finance uses blockchain technology to digitally represent existing assets, such as receivables. The aim is to broaden investor access and simplify how those assets are managed and distributed.As a first step, the two firms are exploring a supply chain finance initiative with C2FO. C2FO is a global platform for working capital. The effort focuses on expanding investor access to the asset class.C2FO’s Ragui Selwanes said the company has spent years giving businesses more control over working capital. He said the next opportunity is making its financial infrastructure “as efficient and connected” as the customer experience. He added that XRPL could “broaden access to capital while preserving the relationships and experience our customers already trust.”RLUSD has grown to about $2.5 billion in market capitalization. It is designed for institutional use and supports payments, trading, and tokenized finance. The XRPL has processed more than 4.6 billion transactions since launch. Settlement on the ledger takes roughly three to five seconds. The post BNY Expands Ripple Collaboration to Include XRP Custody and Tokenized Trade Finance appeared first on Blockonomi.