#Xrp🔥🔥
Ripple and BNY Mellon have launched an institutional-grade custody service for XRP, expanding an existing partnership focused on Ripple USD (RLUSD) and tokenized finance on the XRP Ledger.
BNY Mellon now allows eligible institutional clients to safeguard, hold, and transfer XRP and RLUSD through its digital asset custody platform, under its standard governance and controls.
This lowers operational barriers for institutions that already hold XRP, but does not automatically create new demand, regulatory backing, or BNY balance-sheet exposure to the token.
Key indicators to watch are actual XRP custody balances, client access to RLUSD minting and redemption through BNY, and whether XRPL trade finance pilots with C2FO move into production.
Exercise caution
This information is not a recommendation about what you should do, so please do not take it into consideration when investing. As always, it is best to do your research before taking the plunge.$XRP
Ripple and BNY Mellon have launched an institutional-grade custody service for XRP, expanding an existing partnership focused on Ripple USD (RLUSD) and tokenized finance on the XRP Ledger.
BNY Mellon now allows eligible institutional clients to safeguard, hold, and transfer XRP and RLUSD through its digital asset custody platform, under its standard governance and controls.
This lowers operational barriers for institutions that already hold XRP, but does not automatically create new demand, regulatory backing, or BNY balance-sheet exposure to the token.
Key indicators to watch are actual XRP custody balances, client access to RLUSD minting and redemption through BNY, and whether XRPL trade finance pilots with C2FO move into production.
Exercise caution
This information is not a recommendation about what you should do, so please do not take it into consideration when investing. As always, it is best to do your research before taking the plunge.$XRP