XRP Lands at BNY, RLUSD Lines Up a Trade Finance Job
Photo: Coindoo
Key Takeaways XRP and RLUSD now held in BNY custody Direct RLUSD minting through BNY is still planned C2FO Instant Pay will settle invoices in RLUSD Participating capital providers fund the early payments Ripple announced both deals on October 27 at its Swell conference: an expanded collaboration with BNY and a separate partnership with working-capital platform C2FO . What BNY switched on BNY, which oversees $63.4 trillion in assets under custody or administration, was already part of Ripple’s stablecoin plumbing as RLUSD’s primary reserve custodian, and it had a custody relationship with Ripple Prime.
Source: Coindoo
