๐ฆ Ripple chooses BNY Mellon for RLUSD custody โ a $43 trillion asset custodian
โข Ripple announced the selection of BNY Mellon โ the largest asset custodian in the world โ as the primary custodian for RLUSD assets.
โข The move aims to enhance institutional investor confidence in preparation for a potential ETF launch.
โข This comes amidst RLUSD's plans to enter derivatives markets and 24/7 trading.
๐ Analysis: Collaboration with BNY adds tremendous institutional legitimacy to Ripple, bringing it closer to the traditional finance ecosystem.
#Ripple #BNYMellon #RLUSD #XRP #Tokenization #CryptoCustody
#xrp
$XRP
โข Ripple announced the selection of BNY Mellon โ the largest asset custodian in the world โ as the primary custodian for RLUSD assets.
โข The move aims to enhance institutional investor confidence in preparation for a potential ETF launch.
โข This comes amidst RLUSD's plans to enter derivatives markets and 24/7 trading.
๐ Analysis: Collaboration with BNY adds tremendous institutional legitimacy to Ripple, bringing it closer to the traditional finance ecosystem.
#Ripple #BNYMellon #RLUSD #XRP #Tokenization #CryptoCustody
#xrp
$XRP
