Advertise
Ripple and BNY Expand Digital Asset Custody and Tokenized Trade Finance Plans
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
Ripple and BNY have expanded their strategic partnership to support institutional digital asset custody and explore tokenized trade finance on the XRP Ledger (XRPL). BNY now supports XRP and Ripple’s RLUSD stablecoin on its Digital Asset Custody platform. The companies also plan to explore RLUSD minting and redemption through BNY and expand support for tokenized assets issued on XRPL. Ripple and BNY are also exploring a supply chain finance initiative with C2FO to improve investor access to trade finance assets, including approved receivables. The collaboration aims to improve payment, settlement and collateral processes for institutional clients.
Was this writing helpful?
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
