Ripple Expands BNY Deal to Bring $2.5B RLUSD and XRP Into Trade Finance

2 hours ago 6

Key Takeaways:

BNY extended the existing partnership relationship with Ripple by adding XRP as its digital asset to its digital asset custody platform, along with the RLUSD stablecoin.
The parties will consider onboarding tokenized assets to the XRP Ledger (XRPL) and direct RLUSD minting and redemption transactions with BNY.
Ripple, BNY and C2FO are looking into supply chain finance to expand investor access to tokenized trade finance.

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