🔒 Ripple Taps BNY Mellon to Custody RLUSD Reserves — A Major Leap Toward Institutional Crypto Adoption
In a move that signals growing trust between traditional finance and digital assets, Ripple has officially partnered with BNY Mellon, one of the world’s most established financial institutions, to custody the reserves behind Ripple USD (RLUSD) — a stablecoin purpose-built for the enterprise world.
🌐 This isn’t just another stablecoin story. RLUSD is designed from the ground up to meet the demanding standards of global institutions. Backed 1:1 by high-quality liquid assets, governed by strict compliance under the NYDFS Trust Charter, and engineered for speed, cost-efficiency, and transparency — RLUSD is the bridge between today’s financial systems and tomorrow’s tokenized economy.
By choosing BNY Mellon, Ripple adds a layer of institutional-grade security and credibility to its stablecoin initiative. With decades of custody expertise and a future-facing approach to digital infrastructure, BNY isn’t just holding assets — it’s holding the keys to the next era of finance.
“This partnership isn’t about hype. It’s about building a stable foundation for the future of money,” said Ripple’s SVP of Stablecoins, Jack McDonald.
🚀 As crypto matures, the RLUSD + BNY alliance shows us what the future looks like when innovation meets legacy strength.
What do you think — is TradFi finally embracing crypto for real? Drop your take below. 👇