BNY Adds XRP to Institutional Custody Platform
BNY and Ripple said on October 27, 2026, that BNY’s Digital Asset Custody platform now supports XRP and Ripple USD (RLUSD), allowing eligible institutional clients to safeguard, hold, and transfer both assets. The addition gives XRP direct access to the custody controls of one of the world’s largest
BNY and Ripple announced on October 27, 2026, that BNY's Digital Asset Custody platform now supports XRP and Ripple USD (RLUSD). The integration allows eligible institutional clients to safeguard, hold, and transfer both assets through BNY's existing custody infrastructure, giving XRP direct access to the controls of one of the world's largest asset servicers.
BNY, formerly known as Bank of New York Mellon, has been expanding its digital asset custody capabilities in recent years as institutional demand for regulated crypto storage solutions has grown. Ripple's RLUSD is the company's U.S. dollar-pegged stablecoin, launched to complement the broader XRP Ledger ecosystem. The addition of both assets to BNY's platform marks a continued deepening of the relationship between traditional financial institutions and blockchain-native asset issuers.
The move carries significant implications for institutional adoption of XRP and RLUSD. Access to a custody provider of BNY's scale and regulatory standing may lower the operational barriers for asset managers, hedge funds, and other institutional participants looking to gain exposure to XRP-based assets within a compliant framework. It also reinforces the broader trend of major custodians expanding digital asset offerings beyond Bitcoin and Ethereum.
Market participants will be watching whether the integration drives measurable increases in institutional XRP holdings and whether other large custodians follow with similar listings for XRP and competing stablecoins in the near term.
Source: MEXC
