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BNY Mellon Offers XRP Custody and Deepens Partnership with Ripple

1 report, 1 independent Updated Wed 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

The Bank of New York Mellon has deepened its partnership with Ripple, which now includes custody services and tokenized trade finance running on Ripple’s blockchain. BNY Mellon will offer custody for XRP and for Ripple’s stablecoin, Ripple USD. Additionally, C2FO has integrated trade finance capabilities with the Ripple ledger.

From 247wallst.com

Why it matters

Some supportBrind's analysis of the reports

The agreement expands institutional services for digital assets, as BNY Mellon manages $63.4 trillion in assets under custody as of September 30, 2026. The integration of custody and trade finance services validates the utility of the Ripple ledger for institutional financial operations.

From 247wallst.com

Who's involved

  • The Bank of New York MellonExpanded institutional services and custody for digital assets.
  • RippleDeepened partnership with BNY Mellon and utilizes its blockchain for trade finance.
  • C2FOIntegrated trade finance capabilities onto the Ripple ledger.

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • C2FOSpeculative

    C2FO could see increased demand for its trade finance services as they integrate with the Ripple ledger.

  • The Bank of New York MellonSpeculative

    The Bank of New York Mellon may expand its revenue streams by offering custody services for digital assets.

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The entities involved

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Coverage

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