XRP’s Wall Street Push Accelerates: America’s Oldest Bank BNY Joins Ripple for Tokenized Trade Finance on XRP Ledger
Photo: ZyCrypto
XRP is edging deeper into Wall Street as Ripple and America’s oldest bank, BNY Mellon, explore a new use case for the XRP Ledger (XRPL). The initiative could bring approved invoices on-chain, enabling faster financing and potentially expanding XRPL’s footprint in traditional finance. In a Tuesday press release , Ripple announced an expanded partnership with Wall Street banking giant BNY Mellon, bringing XRP and its U.S. dollar-backed stablecoin, RLUSD, to the bank’s institutional custody platform. BNY already serves as the primary custodian of RLUSD’s reserves and maintains a custody relationship with Ripple Prime.
Source: ZyCrypto
