Unchained reports that BNY Now has begun custodying XRP for institutional clients and plans to mint Ripple's RLUSD directly. This move expands its custody platform, which already includes reserves for Ripple's stablecoin. However, broader initiatives involving the XRP Ledger and a C2FO trade finance project are still in early development stages.
AI-assisted source briefing. Based on the Unchained RSS report; not independently verified.
Source published: Wed, 28 Oct 2026 10:00:02 +0000
[Read the original report](https://unchainedcrypto.com/bny-now-custodies-xrp-for-institutions-plans-direct-rlusd-minting-with-ripple/)
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